Stanleyz72, Home Buyer in Charleston Gardens,...

Hi there, I looked at 4028 Sutherland Dr. in Palo Alto and it's pretty nice inside. The asking price $1,058,000 seems to be too high for that

Asked by Stanleyz72, Charleston Gardens, Palo Alto, CA Sun Dec 6, 2009

area. What is the fair price for this property in your opinion? Thanks!

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2
Hello Home Buyer
RE Sutherland, although it shows very well, it's only a 3/1 - most folks are looking for 3bd/2ba minimum. Therefore it will get fewer looks from potential buyers in this price range. However, there is very little on the market presently. Also, until a home has been on the market for 30 days or more, most sellers aren't willing to consider an offer very much under the asking price. Bottom line: buyers decide what the value is. Having been at this for 20 years, I can assure you it's not predictable what someone may be willing to pay - or not - for a particular home. It will be interesting to see what this one goes for.
Best of luck!
Steve
Web Reference: http://www.JeffAndSteve.com
0 votes Thank Flag Link Sun Dec 6, 2009
The last three sales in that area range from $966K up to $980K. They don't appear to have the updates this home has. Sutherland has only been on the market for less than 17 days and they did have price adjustment upward. It stated offers on Tuesday the first, which was last week.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Sun Dec 6, 2009
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