What $2M gets you in tech mogul haven Palo Alto – an uninhabitable three bed ‘fixer-upper’

Real estate fans shared their shock after viral images showed what will net homebuyers in affluent Palo Alto $2 million.

McNally Real Estate posted the video on Instagramin which viewers tour a run-down, three-bedroom 1950s fixer-upper located on a quiet cul-de-sac in Palo Alto’s wealthy Barron Park neighborhood.

The California enclave is home to tech moguls including Mark Zuckerberg and Tim Cook, and boasts some of the highest real estate prices in the country.

“I understand why people elsewhere might think, ‘Oh my God, I could buy a mansion in my hometown for $2 million,’” real estate agent Olivia McNally told the paper. San Francisco Chronicle.

‘We are in such a bubble here. We belong to this 1 percent of the world and do real estate differently.’

In McNally’s viral walk through the house, she opened the door to a house reminiscent of a 1950s home.

Ugly green fluffy carpets could be seen throughout the house, which did not take up the entire space, while the walls were covered with wood paneling or old floral wallpaper.

The real estate agent satirically walked through the house to show off the bare rooms, including a bathroom with faded yellow wallpaper and old amenities.

And although the ground floor has potential with a huge open plan kitchen and living room, the current state leaves a lot to the imagination and there is no functionality or utilities whatsoever.

McNally captioned the video “what $2 million will get you in Palo Alto, CA,” with the clip since racking up more than 12 million views and a wave of comments.

One stunned viewer said they would be “embarrassed if they even showed the ad,” while another wondered: “Is this a legit ad or a parody?”

“That’s how much you get with 15 acres and a 4,000 square foot house where I live,” another non-Californian added.

The house is filled with ugly green fluffy carpeting that doesn’t cover the space

Although located in the affluent Barron Park neighborhood, the property leaves much to be desired

The walls are covered with old wallpaper or wood paneling from floor to ceiling

The ‘fixer-upper’ includes an open kitchen and living room, but the new owners may want to give it a renovation

The broker said that despite its current condition, it is ‘great from an investment perspective for a family that can’t afford a $5 million mortgage’

While the home leaves a lot to be desired, it’s undoubtedly promising for a wealthy developer looking to flip it — especially since the average sales price for a single-family home in the area comes in at $3.4 million.

The property in the affluent Barron Park neighborhood has three bedrooms, one bathroom, a detached two-car garage and plenty of garden space to convert into an oasis.

McNally said she wasn’t surprised the video sparked such a strong response, but said most Americans don’t understand the cost of living in the lush area.

“You live among $4 to $5 million houses,” she told the San Francisco Chronicle.

‘The neighborhood is incredibly beautiful, surrounded by hiking trails, creeks and parks. There are great schools. Many of the neighbors are people who have lived there for forty years and never plan to move.

“From an investment perspective, it’s great for a family that can’t afford a $5 million mortgage… You want the ugly duckling in the nice neighborhood.”

The dilapidated house is said to have neighbors including Mark Zuckerberg, whose Palo Alto home (pictured) was built for $37 million

Apple CEO Tim Cook also calls Palo Alto his home (photo) in a modest building

For the dilapidated $2 million property, McNally said the spot in the affluent neighborhood could attract buyers looking to renovate

The house has three bedrooms, a bathroom, a detached garage for two cars and enough garden space to convert into an oasis

The old house also features a bathroom with dark yellow wallpaper and antique fittings

The same was true for the current owners of the $2 million home, who lived in the house for 59 years before putting it on the market.

“This is an emotional sale for my client,” McNally said. “Her father left this to her and she had to make the difficult decision to sell it because she initially wanted to honor her father’s legacy.”

She added that although she received criticism for the video, it paid off because she also saw a number of applicants who wanted to take on the project.

My job as a real estate agent is to bring as much attention to each property as possible,” concluded McNally.

“It doesn’t matter if it’s a $500,000 apartment or a $50 million estate in Hillsborough. My job is to share a story. My job is to sell the house.”