Real Estate
By Richard Pollina
Published April 13, 2024, 1:30 a.m. ET
Developers are excited about a tiny 384-square-foot home in Cupertino, California, that’s on the market for $1.7 million. The small one-bedroom, one-bathroom house is nestled in a quiet cul-de-sac, surrounded by multimillion-dollar homes. Despite its size, the property offers the potential for expansion or renovation to capitalize on its prime location near Silicon Valley’s tech hotspots.
The home has already received six offers, showcasing the high demand for real estate in the area. Buyers and agents see the opportunity to increase the property’s value by building a larger home on its spacious lot. With Cupertino’s renowned schools and desirable location, the property presents a unique investment opportunity.
In a similar trend, a 750-square-foot home in Denver sold swiftly for $1.2 million due to its prime location next to a popular park. These examples highlight the allure of location and development potential in the competitive real estate market.
Vocabulary List:
- Potential (noun): The possibility of something happening or being developed.
- Renovation (noun): The process of improving or repairing a building.
- Expansion (noun): The action of becoming larger or more extensive.
- Competitive (adjective): Relating to or characterized by competition.
- Location (noun): A particular place or position.
- Investment (noun): The action or process of investing money for profit.
