Posted on 01/24/2022 10:13:37 AM PST by nickcarraway
A decaying, 122-year-old Victorian marketed as "the worst house on the best block" of San Francisco has sold for nearly $2 million — an eye-catching price that the realtor said was the outcome of overbidding in an auction.
A developer's $1.97 million cash offer for the 2,158-square-foot (200-square-meter) property in the Noe Valley neighborhood was finalized last week. On the social media page Zillow Gone Wild, some commenters marveled at the price while others questioned the value of a house with boarded-up windows, peeling paint and an unstable foundation.
One commenter joked: "It actually has a parking space. No wonder it sold for almost 2 million!"
(Excerpt) Read more at ksbw.com ...
Noe Valley is mostly ok but is far, far from being the “best block in San Fransicko”
not by a long shot
The three most important factors in real estate value are:
1) Location
2) Location
3) Location
That house is not worth $90,000. The dirt underneath the house is worth well north of $1 million.
The extant sewer, water and gas hookups are worth about $700-900K themselves.
I rented in Noe Valley twenty years ago, one of the sunnier parts of the city. Dang, I should have bought back then. 500K would have bought a pretty nice house.
Yes, downtown Detroit and now the suburbs are booming. I went to a car show at Cobo 2019 and could not believe the transformation.
Went to Woodward Dream Cruise August 2021 and went downtown that Saturday night...Dang..
My brother lives near Detroit and all the millenials are buying the old homes and fixing them up or building new.
Detroit is going to be a top city in a few years. All the hi tech companies are moving in.
Not what I was told to believe about Detroit.
Don’t believe everything you hear. There are multiple blocks in S.F. where the median home price is probably in the $8 million range, the views are spectacular and the homeless, drug-using street people are far away.
“Don’t believe everything you hear.”
An old car buddy lives in a suburb right outside of LA, no crime, no drug needles, no homeless, all the homes are kept up nice. Really nice downtown.
You hear of all the hoards of people leaving CA due to crime, laws etc.
I’ve always wondered how many of these people sold their home for $3 million and moved to the midwest, bought a home for 400k and are using the 3 million to supplement their retirement and their move has nothing to do with Ca crime or laws?
Best block is code for hardly and human feces and just a few used hypodermic needles
Most of that crap was probably from participants on this website who have never visited downtown Detroit in their lives.
What's happening downtown is a growing process that is spreading outwards as evidence of all the surrounding properties being bought up by investors.
Is that to say that Detroit is safe? Of course not, once you leave the confines of downtown and venture out into the decrepit neighborhoods, it is definitely not safe in those areas.
But are those areas your destination? Of course not.
What has amazed me the most is how the downtown abandoned warehouses and multi-level structures have been purchased and converted into either condos, lofts or groups of small craft stores. Even in the close neighborhoods, small classy restaurants are being created from the house that was once there on the corner.
My niece is an ER doctor at the VA downtown and she can whirl around those damn streets and take you to any location you wish. Her parents are familiar with every restaurant downtown and are more than willing to take the family to one of them for one's birthday or special occasion.
I'm not a city person but if I were a young college graduate from the area and enjoyed the night life, finding an apartment or loft downtown, or even a condo, would be heaven if my job were with one of the many companies inhabiting the office buildings downtown.
The only downside to living in the downtown area is that it's not for families since grocery shopping has to be done in the suburbs and there are no schools down there for the kids. It takes a certain type of person to adopt that city lifestyle and I'm not one of them.
Thanks bro, see my post #30
So when was the last time you ever visited downtown Detroit?
Or are you one of those dumbasses who have never been there but just rely on the crap your fellow dumbasses say about downtown Detroit?
If you ain't been there in recent years bro then you have no right to open your mouth.
Not lately, but I can read. Detroit, Michigan, is among the U.S. cities with the highest homicide rates. There were a total of 328 murders reported in the city in 2020, or 49.7 for every 100,000 people — well above the national homicide rate of 6.5 murders per 100,000. Even though homicide is the least common form of criminal violence — accounting for less than 2% of all violent crimes — places with high homicide rates also often have high overall violent crime rates, and Detroit is no exception. There were 2,179 violent crimes reported for every 100,000 people in Detroit in 2020, compared to 399 incidents per 100,000 nationwide.
Cool, I’d like to check out Detroit again, haven’t been back since the late 80s. I always said, some of the prettiest suburbs in the country were in the Detroit area.
Back then Greek Town was about the only good thing in Detroit.
Apparently you can't read since I was talking specifically about downtown Detroit, which you have admitted as never visiting.
You might want to read my #30 post for clarification, that's if you can read.
Just curious, where do YOU live?
Noe Valley is a sweet neighborhood in a wonderful city. “$1.97 million cash offer for the 2,158-square-foot house.” Yes, buy it, fix it up, and then sell it in five years for twice that.
As in Chicago, there is no reason to visit the crime ridden neighborhoods in Detroit.
As for the bogus national average, I'm sure there's no crime in Podunk Iowa or Idiot falls where you're likely from.
2 million buys a nice pad in FL.
You're correct. Is Saratoga County, NY Safe? The A+ grade means the rate of crime is much lower than the average US county. Saratoga County is in the 99th percentile for safety, meaning 1% of counties are safer and 99% of counties are more dangerous.
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