You always hear that the most important factor in real estate is location, location, location, and if you've ever doubted it then just read on.
A run-down three-bedroom, two-bath home that was condemned after being deemed uninhabitable just sold for more than the asking price. Normally that alone might be surprising, but wait until you find out that the final sale price was a whopping $1.23 million.
Even with the warning "Home is condemned. Enter at your own risk" on the house, the owners still priced it at a cool mil and wound up getting more than $200k over that. The reason? It's in one of the priciest areas of San Jose, right in the heart of Silicon Valley.
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