Posted on 09/26/2015 5:51:43 AM PDT by SeekAndFind
According to the broker, its the cheapest home on the market in San Francisco, and its 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 houses 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 ownerwho had bought the home in 1984 and had moved out in 2008and asked if she would be willing to sell it.
(Excerpt) Read more at fortune.com ...
A dirt lot in Manhattan Beach, Ca will cost you upwards of 2 million+ !
This is what $350,000 will get you in Texas (near Houston)
unbelievable- compared to SF!!!!!!
http://www.fmiller.remaxtexas.com/cinco-ranch-west-homes-for-sale-for-300000-to-350000.aspx
Mr GG2’s daughter and SIL were living in San Jose because he works in silicon valley and they were in a one bedroom rental with a toddler and an infant. That’s all they could afford. The SIL is French so now they are living in the countryside of France in his parents vacay home with their 3 children and he commutes back to San Fran once a month and then works from home the rest of the time. Crazy!
You’re not kidding are you?
I dont know what to say.
More like a $360,000 lot with $10,000 in tear down expenses.
:)
Best of both worlds varies according to your preference. Mr. V works two weeks on, two weeks off in the city and then comes home to rural Maine. That NYC money goes a long way here.
Our daughter is planning big things, and yes, a long way from here. I expect she will want to raise her kids here, but if not, that’s her choice. Nice place to grow up - and we keep a boat in southern New England for a summer base when we tire of the rural life. We like life off the hamster wheel of NYC but can return when we want the bright lights. YMMV
Not our house, but a nice one locally.
I too worked in Silicon Valley.
My daughter and SIL live in Georgia so that’s where I headed when I finished my career
Why not buy it, Rip?
Can’t go wrong.
I’m 71 and I don’t want to keep up what I have now, let alone eight times the acreage. If I can’t go wrong how is it that it has been on the market 128 days already without selling?
I would not live in anything less than $3,500/month. For a studio.
No, I didn't take the job.
There's some REALLY bad stuff there, what with the commies, homos and homeless.
But it's still the most beautiful and exotic city is the USA, bar none.
Only Seattle comes close.
And, I've been everywhere.
Hey! You can get a great 4BR, 2500 sqft home on 1/2 acre...pool, covered patio with misters...pool, built in BBQ...the whole none yards. Close to downtown. Great neighborhood.
For $299,000.
In Phoenix.
But who the hell wants to live in Phoenix?
Good point.
Of course 128 days isn’t forever either.
I’m kind of wondering if there aren’t a number of homes along that little lake? Also that there may be restrictions on cutting the timber? And who knows what else might be lurking in the shadows?
Hell, I don’t have that kind of money and besides I’m 2000 miles away. And like you I can’t keep the fence up, the grass down and the paint on the walls here!
That little lake is completely contained within the property, no neighbors close by. There are no restrictions on cutting timber, it is generally just a clear cutting operation now. Not too many want to do selective cutting any longer. It is a sparsely populated area still and that is why bargains like this are available. It is not for people who can’t stand to spend an evening at home alone. To each his own but I don’t know why anyone wants to live in San Francisco now, no matter how much money they are earning. I can understand why people USED to want to live there fifty years ago but not now.
Seriously it sounds like a hell of a deal.
I am at the point of wondering about a place in the South for the winter months.
If I had the cash I'd be on a plane.
I got a malware alert on the link!!!
Sheesh, That’s Fortune Magazine, It’s supposed to be legit.
Maybe someone hacked them?
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