A nearly $5 million mansion in Palo Alto, California, garnered instant interest when its listing highlighted that previous owners' children attended Ivy League schools like Harvard and Stanford. After a flood of inquiries, the home quickly went pending and eventually sold for $5.6 million, reflecting a $712,000 over-asking price. The listing's description emphasized the property's connection to educational success, showing how prestige in education can influence real estate value. However, references to the Ivy League affiliations were removed once an offer was received, potentially indicating backlash from social media commentary.
A Palo Alto, CA, house sold for nearly $5 million, showcasing how the home's association with Ivy League schools influenced buyer interest and rapid sales.
The listing implied the home's past owners had children who attended prestigious universities, which appealed to potential buyers, leading to a swift sale.
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