I found a Cupertino  short sale homes asking only $499K today. I rubbed my eyes to see if I come cross a mistake. It is not a mistake! This small 2 bedrooms and one bath fix upper home with over 6000 sf lot. Considering the  median sales price of $927,500 for 95014 , this small fixer upper is a steal. A real estate short sale is a type of pre-foreclosure sale in which the lender agrees to sell a property for less than the mortgage owed by the owner.

Yes! This Rancho Rinchonada area of Cupertino home price just like the price durning the year of 2002 or 2003. Accordining the Wikipedia that “Rancho Rinconada is a residential neighborhood in the eastern part of Cupertino, California. It is bordered by Saratoga Creek (just west of Lawrence Expressway), Stevens Creek Boulevard, Miller Road, and Bollinger Road. Cupertino High School, Sedgwick Elementary School, and Hyde Middle School.” There are many large newer home up to 1.5 Millions and small home as this one for only $495K. There home owners and flippers built larger homes in this area.

Rancho Rinconda  is a unique area. It is the most affordable area in Cupertino . This area  has blocks and blocks of  inexpensively built homes. As the time goes by some of the larger and newer homes were built in between of those small homes. We all know the value is in the LAND. If you buy this home you can either redevelope or add roomes  to it.