An incredulous tipster sent us this listing saying, “we looked at this fixer-upper in Cypress Park, listed at $ 559,000, and figured it would go over asking price — possibly even up to $ 650k. We were SHOCKED to discover it went for $ 750k.” That’s right: it sold in “>about three weeks for $ 750,000—$ 190,000 over asking. (Note: this house last sold in 2010 for $ 227,000; that was over the asking price as well: it had been listed for just $ 215,000.) Sure, it could be that someone really wanted this little ranch-style residence, but it is also equally likely that we’re looking at a teardown or a major flip in the making—the .31-acre property includes a detached two-car garage, a standalone redwood studio space, and two additional parcels.
Perhaps the buyer is planning on making a fortune renting the little house, the detached garage, and the very cool renovated Airstream trailer (part of the sale as well) on Airbnb. Maybe there’s a gold vein running through the property. Then again, it could just be that the buyer is a person who appreciates their space and who yearns to hear the sounds of “owls hooting in the night.”