Modest Silicon Valley home breaks record for highest price paid per square foot

They say that, in real estate, it's all about location, location, location. That's especially true if you're a Silicon Valley worker who wants to avoid a horrible commute.

The 848-square-foot house at 1062 Plymouth Drive in Sunnyvale is in a great location for someone in tech, as it's about a 10-minute drive to the Google, Apple, LinkedIn or Yahoo! campus.

And it just sold for $2M, a mere $550K over asking, according to KRON4.

That is $2,358 per square foot, the highest price paid per square foot ever recorded by the MLS in Sunnyvale.

The two-bedroom, two-bath house sold in just two days of being on the market, reports listing Agent Doug Larson. He told KRON4, "Well [laughs], I was kind of blown away."

The new buyer does plan to live there. He is a young, single man who works in tech.

And he paid all cash for his new home.

The Mercury News writes:

Friday morning, a realtor called Larson and told him she was sending over an offer. Larson told her his client wasn’t accepting offers until the following Wednesday, but the persistent realtor refused to take no for an answer and sent her client’s offer that afternoon.

It was too tempting to pass up — $2 million, all cash, closing in 10 days. The seller was shocked.

“She said, ‘What?'” Larson said. “She was as taken aback as I was.”

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For sale: A lavish artist's home converted from an old brick incinerator

Officials in Tulsa, Oklahoma constructed this incinerator building in 1939 to burn the city's trash. A short year later, according to Tulsa World, an ordinance was passed that prohibited trash from being burnt within city limits. The property sat dormant for years until artist and Oklahoma native Ron Fleming was able to get the city to accept his bid to purchase it in 1981. The winning bid? $5400.

"I took a shot in the dark on the price," he said. "I had no idea what it was worth."

The first step in converting the industrial site to living space was abundantly clear, as the lower level was nearly full of ash, mostly from burned medical supplies. It took nearly a year to carry it all out by wheelbarrow, Fleming said.

He and his late wife, Patti, camped out in a nearby tent on weekends to oversee construction. By Halloween night 1982, the two of them were able to sleep inside as residents.

Over the years, they turned this former municipal structure into a swoonworthy 4,600-square-foot, three-bedroom luxury estate, which is now for sale for just $275K.

Thanks, Greg!

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Unreal estate: World's largest chest of drawers for sale in North Carolina

Built in the 1920s as High Point, North Carolina's "Bureau of Information," this 36-foot-tall The Goddard-Townsend style dresser/building represents the area's furniture and hosiery industries (note the socks).

It is considered the world's largest freestanding chest of drawers, though down the street an 80-foot-tall bureau was created a few years back as a building's facade.

Now, for a mere $235K, this unusual High Point icon -- a commercial property -- could be yours.

(Pee-wee Herman, Old House Dreams)

first image via Google, second photo by Laurie Hlywa Read the rest