Location, location, location?
A residence measuring only 35 square meters, located in the prestigious Silicon Valley in California, appeared on the global real estate shelf last week for a ridiculous price tag of 1.7 million dollars, equivalent to approximately 6.5 million shekels.
The tiny apartment has one bedroom, one bathroom and a large yard, and is located in one of the most attractive neighborhoods in Silicon Valley.
How attractive?
Probably enough to attract 6 interested parties in just one week since publication, despite the high price tag, which is expected to continue to rise due to demand.
"On the one hand, according to the well-known cliché, location is everything - the property is in a quiet neighborhood on the edge of Silicon Valley, where the average price of an apartment reaches about 5 million dollars, and close to major roads, which makes it an attractive option for the world's wealthiest people looking for easy access to central The technology of Silicon Valley". David Stark, spokesman for the Bay East Association of Realtors, told the American news site ABC7.
"In addition, and here is actually the icing on the cake - the house is built on a plot of land with an area of approximately 728 square meters, which allows the investor to build a larger house and significantly increase its value. Although the price seems high on the surface, in reality this is a bargain," Stark summarized the reasons for the high price tag.
According to one of the investors who submitted an offer on the apartment, "I think the current asking price is low in relation to the tremendous potential of the property, and it will continue to rise. This is an amazing opportunity for investors and also for a family that will be ready to roll up their sleeves to build the house of their dreams on the land, and live in one of the most quiet and sought-after areas in the valley the silicon".
The high median household income in the neighborhood, exceeding $223,600 according to the US Bureau of Population Management, along with the top schools in the area, make it a sought-after place for families.