Home Selling in Sunnyvale>Question Details

Julie Wyss, Real Estate Pro in Los Gatos, CA

How much value would you add to a Sunnyvale Eichler VS. a Similar SFR?

Asked by Julie Wyss, Los Gatos, CA Wed Jan 15, 2014

Help the community by answering this question:

Answers

6
BEST ANSWER
Location is everything so that being said two homes next to each other on the same court in Palo Alto I would feel comfortable saying the Eichler is worth a little more for the mystique of owning a home like the guy who founded Apple, loved Eichlers and lived in one in PA. So that will have something to do with price there in PA. The Eichler might bring a little more. But Your question was on Sunnyvale so Both homes same sq. ft. in great condition would bring about the same value. Radiant heat to be is really nice until the system needs to be replaced which can cost 45k for a new one installed.
0 votes Thank Flag Link Wed Jan 15, 2014
David - excellent point about the radiant heat. I have a 1950's home in Los Altos Hills that we're trying to decide whether to tear down or remodel, including replacement of the warn-out heating system at $50k to $60k, maybe more because the previous owner put wood floors in everywhere and they're warping.
Flag Wed Jan 15, 2014
Julie,
The Eichlers in Sunnyvale are often in the 94087 zip code with Cupertino schools. That is why they may sell for more than a similar sized home in Sunnyvale that is not an Eichler and not in The Cupertino School district, In the past Eichler's often sold for less than ranch homes because many buyers felt they were not as well built and solid as a ranch house. Now mid century modern has become the hot thing is design and so Eichler's are very popular homes. However, it is really the school district that is driving the price. the difference is that now many buyers actually love the home they are buying instead of taking it because of the location and size.

Marcy Moyer
Keller Williams Realty
marcy@marcymoyer.com
Ca BRE 01191194
650-619-9285
Web Reference: http://www.marcymoyer.com
1 vote Thank Flag Link Wed Jan 15, 2014
I would not add any additional value just because it is an Eichler. The Eichler's were built in 50's and most of them have not been updated or at least not to today's buyers standards. However if you find the right buyer he or she can pay more just because it is an Eichler. It is more of a personal preference than an automatically added value.
1 vote Thank Flag Link Wed Jan 15, 2014
There is no restriction to make price adjustment on the home style difference.
The predominant factor is GLA, lot size and zip(schools are important but not abs necessarily).

It is a question of buyers preference how much more they wish to pay.


Sam Shueh
Keller Williams Realty
0 votes Thank Flag Link Sun Jan 26, 2014
I was a little surprised by your question so it did a quick search of Sunnyvale 3/2 homes sold since 7/1/2013. There weren't very many Eichlers but they were at the low priced end of the list of 117 sales. Sunnyvale has many ranch style homes of comparable age to the Eichlers. That isn't true for some cities.

The condition and location of the house seem to dominate over the type of house when determining price. Different home styles seem to go through remodeling phases at different times. It can be very easy to make a wrong assumption about the affect of the home style unless you actually look at the houses.

Sunnyvale home values posted at
http://julianalee.com/sunnyvale/sunnyvale-statistics.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000
juliana@silicon-valley-homes-for-sale.com

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
.
Web Reference: http://julianalee.com
0 votes Thank Flag Link Thu Jan 16, 2014
We just sold for $150,000 over asking price and I think that the value was increased by about $75,000 because it was an Eichler.
Flag Fri Jan 31, 2014
I wouldn't add any additional value without more information.. Eichler's are older homes and not all are in neighborhoods that retained their value since Joe was around 50 years ago.
0 votes Thank Flag Link Wed Jan 15, 2014
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer