This ramshackle property may appear to be down on its luck, but it inspired a bidding war.
In Silicon Valley, home of some notoriously high housing prices, a dilapidated fixer-upper has become a sign of the times after inspiring tons of interest and selling for significantly over its ask shortly after hitting the market, the San Francisco Chronicle first reported .
Located at 2161 Elliot St. in San Jose, the multi-unit seven-bedroom, two-bathroom home is hardly much to look at. Still, the property sold for $755,000 — well over its $699,000 ask — less than a month after it listed, to a developer who plans to work with an architect to build a new space on the lot and resell it.
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