Land Drives Value On Homes In Palo Alto - FOX 29 News Philadelphia | WTXF-TV

Land Drives Value On Homes In Palo Alto

Posted: Updated:

Homes in Palo Alto, California are skyrocketing in value and real estate owners say it's the land that's driving prices up.

This tiny home on Emerson Street can be yours for a cool $1.6 million!

That buys you a train running through the backyard, missing bricks, 1100 square feet, and cracks in the foundation, but it's only three blocks from the city's main road and most importantly it's got a garage, something Palo Alto values since parking is so limited.

Homeowners in the area say they bought their homes years ago for well under $50,000.

It's a common theme in many older neighborhoods in California cash poor, but land rich.

Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices