Photos: Modest 1,300 square foot San Jose home sells for $2 million despite falling home prices in Bay Area
A modest, ranch-style home in San Jose has sold for $2.05 million despite overallHigher mortgage rates and recession fears have chopped Bay Area home prices, but this 1,349-square-foot home still sold for $150,000 over its original listing price.The property has three bedrooms and two bathrooms, and features a living room, formal dining room and two fireplaces. Outside, there is a large backyard with a patio area, side yard and two sheds.A ranch-style home in San Jose has sold for $2.05 million.
The property last sold in 1990 for $245,000, but a lot has changed since then. The median sale price in the ZIP code now stands at $1.75 million, according to Redfin.
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