If you try to edit, it eliminates the photos. "One of its neighbors".

It's in a nice enough neighborhood, but not a prime location within, imo. The renovation is nice enough, but it's strictly upper tier Home Depot except for the Liebherr fridge, nothing more.

That is a bit less than homes are going for in the Silicone Valley, where 'Mom's' house is. We have it leased out but it's the best investment ever. According to Zestament, it went up $18,000. last month. There is no inventory and houses are going into a bidding war.

Lucky us. The house was built by the parents, paid off and taxes are just over $1000. per year. It generates good income as a rental and prices are rapidly rising again.

That is a very cute house.

We supposedly live in a low-cost housing market for a major metropolitan city, though. This house does not seem to bear that out.

Any near by comps to support the asking price or just unrealistic flippers?

That's a great question and I can't really come up with an answer. I looked at a random sampling of single family houses in the general vicinity and the problem is you come up with groupings of 5-10x as large mixed in as well. Then you come up with some that have garage parking.

The larger houses will tend to be cheaper per square foot and the ones in the $700 per sq. had pretty spectacular restored interiors. I found the ones with remodeled interiors dropped down into the $300s per square foot. One closer in size with a garage was almost $1000 per square foot. but the interior renovation was high end.

The garages probably add $100,000 to the asking price in that hood for one car.

A neighbor of mine sold an outdoor but gated spot right by my house for $50K to someone who had waited 14 years for that gated lot. And I don't live in a neighborhood of that caliber, nor with quite the parking problem.

My gut feeling is that they are being a bit unrealistic. But people are. There is a unit in my complex for sale at my original asking price but with no improvements whatsoever over the 1965 renovation and with damaged floors and basement bedrooms. Mine was historically renovated, had a kitchen with a Subzero and plenty of architecture and views. The unit in question is in the service part of the old house, has views of an alley and is entirely drywall with no history, and yet they are asking much more than what my "comparable" 2BR/1Ba sold for.

Where I live the level of finishes in an update do not greatly affect the square foot price but do help sell a home in much less time than one with lower end finishes. The SF prices near me are all "location, location, location" driven but houses in need for any TLC or fixer uppers are discounted by maybe 10 to 20% but agents here do suggest only spending in that range on updates if you do not plan to live there for some time. A house in my neck of the woods can only sell with in a small % of its most recent and nearest comp.

The sellers maybe are not that motivated and want to see how much they could get.... And good luck to them and your neighbor :)

I like it, but not at that price! I figure y'all wouldn't like it here, but in Texas we need a little property to be happy!
That's okay, I didn't like Washington when I had to go with the government; we HAVE to have our chicken fried steak and ice tea!

Just teasin...