Silicon Valley property featuring burned home selling for $800G

Fox News | 4/11/2018 | Travis Fedschun
Matty123Matty123 (Posted by) Level 3
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Sneak peek at my next listing coming up at 1375 Bird Ave. 95125.Lot is 5,850 at $799,000Great opportunity to build...

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Willow Glen Charm on Monday, April 9, 2018

The housing market in California's tech mecca Silicon Valley is notoriously tight and unaffordable, but a recent listing featuring a burned-out home has sparked outrage online.

A property in San Jose's Willow Glen neighborhood was recently listed for $800,000, which realtor Holly Barr told KTVU is reasonable given the market and location of the home. Barr added that she was specifically selling the 5,800 square foot lot, not the dilapidated house that sits on it.

Owners - Lot - Money - Wall - Remodel

“[The previous owners] did leave it standing so you can remodel it versus tearing it down, so you save a lot of money when you can leave a wall up and do a remodel versus a complete teardown,” Barr said.

The home sustained a fire that left a large hole in the roof, and has been completely boarded up with charred marks on the outside in addition to an overgrown backyard. It's located in an area described as a "quaint neighborhood just south of downtown San Jose with tree-lined streets, a 'Main Street'-style downtown, and eclectic historic architecture."

Barr - Home - Willow - Glen - Charm

Barr posted the home on the Willow Glen Charm Facebook page, which caused many to share their frustrations with the housing market.

"800k for that.... What has this area come to when a family earning good money cannot even afford to buy even a burnt out wreck," Cally Jayne wrote. "Greed, pure greed from all concerned right here."

Blocks - Direction - Encampments - Way - Road

"Meanwhile, 10 blocks in any other direction there are homeless encampments every which way you turn!!! I live down the road from this...
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