Posted on 09/26/2015 5:51:43 AM PDT by SeekAndFind
According to the broker, it’s the cheapest home on the market in San Francisco, and it’s an unlivable shack.
It is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.
Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the house’s price is a reflection of the skyrocketing real estate market in San Francisco. Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million.
According to realtors Brian Tran and Alexander Han, the shack is “the cheapest home listed in San Francisco.”
Originally an earthquake shelter, the shack was built in the aftermath of the devastating 1906 San Francisco earthquake. The 765-square-foot unit caught the attention of Tran and Han during a drive around the neighborhood. Upon spotting the vacant house, they found the owner—who had bought the home in 1984 and had moved out in 2008—and asked if she would be willing to sell it.
(Excerpt) Read more at fortune.com ...
All due to regulations.
Just another reason that I left Silicone Valley (that’s San Jose folks)
What do all these people do out there that they can afford million dollar houses?
Needs a little TLC.
RE: Just another reason that I left Silicone Valley (that’s San Jose folks)
Did you work on tech before and if so, are you working on tech now?
So $350,000 is the price of the land it sits on.
I’ve always hated the marketing convention of using “home” instead of “house” to refer to dwellings, and the example of this unlivable shack demonstrates why it’s so stupid.
What do all these people do out there that they can afford million dollar houses?
...
Create businesses, create jobs.
Probably could have gotten twice that in 2006.
This charming, rustic cottage boasts newer gutters, a fenced in yard, and tastefully stained, sustainable cedar shake siding.
I am pretty sure Laz would flip it.
Couldn't pay me 350k to live in SF.
Quaint historic cottage, fixer upper, kitchen partially
redone, side yard, neighbors close by, situated close
to schools and shelters.
Lots of places create businesses and jobs and the houses aren’t one million dollars.
Wait till obummer’s forced integration hits them. But they’re probably liberal techs so they wont mind. /s
Taking note of the sidewalk, we can add, “Convenient access to public transportation”.
Someone has to work for these business creators.
What do all these people do out there that they can afford million dollar houses? ............................... Pay 100k for a porta potty on a 10x10 lot?
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