Friday, December 8, 2017

Bay Area Bungalow With a Stunningly Low Price Is This Week’s Most Popular Home

most-popular-1207

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A San Francisco Bay Area bungalow up for auction with a starting bid of $99,000—yes, you read that figure correctly—was this week’s most popular home on realtor.com®. And when we say there’s nothing in the Bay Area available for less than six figures, we mean it. Nothing.

So we understand exactly why the home with an “amazingly low auction reserve starting bid” attracted an outsize amount of interest.

The sheer novelty of seeing a home with a list price under 100 grand in the Bay Area was enough to command a cascade of clicks. We have to admit even we did a triple take when we first saw this listing.

For dreamers hoping to snag a post–Black Friday bargain, we do have sad news. The live auction was held over one week ago and ended with a final bid of $536,000. For context, the median listing price for homes in Hayward is currently running at $629,000.

Hayward listingHayward listing

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Other listings that merit a second look include a charming registered landmark in Illinois, which sailed into the No. 2 spot. Built in 1870 by one of Rock Island’s oldest families, this just-completed remodel can be snagged for the low, low price of $87,900.

On the other end of the pricing scale, we’ll highlight Seafair, a stunning, multimillion-dollar mansion in Newport, RI, which finally sold for $13.5 million to none other than comedian Jay Leno.

While that beauty is now off the market, there are plenty more popular homes still up for sale. Simply scroll down to see them all.

10. 5 N Autumnwood Way, The Woodlands, TX

Price: Auction (starting bid $100,000)
Why it’s here: Splitsville! A divorce decree has pushed this brand-new five-bedroom home to the auction block. Located on the second fairway of the renowned Panther Trail golf course, the residence offers up two living areas, a chef’s kitchen, and private study. For the winning bidder, some interiors will require finishing.

The woodlands, TXThe Woodlands, TX

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9. 254 Ocean Ave, Newport, RI

Price: Just sold for $13.5 million
Why it’s here: No joke, this stunning mansion was just purchased by comedian Jay Leno. This crescent-shaped estate, dubbed “Seafair,” has almost 16,000 square feet of interior space and sits on a 9-acre parcel of land. The spread includes a tennis court, pool, carriage house, six-car garage, plus a private cove and mooring.

The oceanfront estate caught our interest a year ago, when it landed on the market at a whopping $19 million. At the time, it held the honor of being the most expensive listing in the nation’s smallest state. The price was cut earlier this year to $17.5 million.

Newport, RI

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8. 13187 State Route 55, New Carlisle, OH

Price: $269,900
Why it’s here: A fabulous remodel of this 1900 farmhouse included an addition of a guest suite fully equipped with living space and kitchenette. It also features a lower level with formal dining room, kitchen with two-tier island, and an owner suite.

New Carlisle, OHNew Carlisle, OH

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7. 3451 Nichols Rd, Medina, OH

Price: $595,000
Why it’s here: Here’s your perfect home for the holidays. Built in 1999, this three-bedroom log cabin overlooks the scenic Rocky River. Highlights include a wraparound deck, wood-burning stove, and french doors that open to a deck with water views.

Medina, OHMedina, OH

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6. 422 Bobcat Hollow, San Antonio, TX

Price: $100,000
Why it’s here: It’s quite a deal. This three-bedroom home on a cul-de-sac is being sold as a short sale and offers an open floor plan, a large living area with fireplace, and a master suite all on one level.

San Antonio, TXSan Antonio, TX

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5. 24 S Church St, Thornville, OH

Price: $214,900
Why it’s here: This graceful four-bedroom home from the early 20th century has been restored, with care taken to maintain its original character. We love the hardwood floors, pocket doors, and woodwork throughout the house.

Thornville, OHThornville, OH

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4. 104 Parkway Dr, Eureka, IL

Price: $189,900
Why it’s here: We’re mad for this rancher from 1956, complete with indoor pool, great room with fireplace, sunroom overlooking the pasture, loft space for an office, and master suite. The fab spread might cause you to exclaim, “Eureka!” Or not.

Eureka, ILEureka, IL

realtor.com

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3. 610 Pin Oak Rd, Paw Paw, WV

Price: $3,900,000
Why it’s here: It’s a log mansion with oodles of rustic appeal for buyers with deep denim pockets. The 8,000-square-foot home comes with 186 acres, a horse barn, two guest apartments, and four private streams.

Paw Paw, WVPaw Paw, WV

realtor.com

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2. 908 4th Ave, Rock Island, IL

Price: $87,900
Why it’s here: This charmer dates to 1870 and is a registered local landmark. Newly remodeled, it includes a brand-new kitchen, newer bath, and second-floor laundry. Original details include hardwood floors, stained-glass transoms, and an embossed tin ceiling in the formal dining room.

 Rock Island, ILRock Island, IL

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1. 763 Beryl Pl, Hayward, CA

Price: Auction (starting bid $99,000)
Why it’s here: Don’t get too excited. This renovated Bay Area bungalow wound up selling for way higher than the opening bid. The five-figure opening price snagged attention on the web, and the winning bidder wound up closing the deal for $536,000.

Located in the East Bay and built in 1953, the newly remodeled three-bedroom features an open layout, sunroom with french doors to the backyard, and one-car garage. While it’s just over 1,000 square feet, bidders weren’t daunted by its petite dimensions.

The company that ran the live online auction, homly.co, was satisfied with the outcome. “It created a ton of traffic and a ton of activity,” says Manuel Rueda, the company president.

Of course, an auction requires the seller to stomach a certain amount of risk—the home could have gone for $99,000 if bidders opted out. Rueda told us the low reserve served a purpose and the desirable property drummed up multiple offers quickly.

Hayward, CAHayward, CA

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The post Bay Area Bungalow With a Stunningly Low Price Is This Week’s Most Popular Home appeared first on Real Estate News & Insights | realtor.com®.



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