As the usual saying in real estate goes: “Buy the worst house on the best street.” This can allow homebuyers to get the ownership advantage of a profitable property for affordable – and have their very own fixer-upper, SFGATE reported.
The San Francisco real estate market, however, had considerably changed the idea following a Noe Valley home decrepit, having sold for $1.97 million even without bedrooms and only a couple of bathrooms.
The deal closed last Friday in a conservatorship sale. The pre-1906 fire property was priced by sellers as a “contractors special”.
It was called a diamond in the rough on Zillow listing, although it minced no words regarding its present condition and disrepair.
The listing even went as far as calling it the “worst house on the best block.”
The Real Deal carried the first report on its sale, saying that the property is located on 2, 158 square feet of land.
“Surrounded by many multimillion dollar homes; this is the best opportunity on the block and your chance to make it shine as bright as the neighbors,” part of the listing reads.
In September, the property was first listed for below $1.4 million. Before the final purchase, it was in contract for $1.4 million.
A number of main gripes of the structure were listed by The Front Steps, a local real estate blog. There were some people living near the property saying that the property shed lead paint and was destroyed.
The Front Steps said that while the property probably has bedrooms, the spaces cannot be advertised because they are not livable.
A post on the Facebook page Zillow Gone Wild featuring the property became viral on Wednesday.
“Never have I ever wished to be able to flip a house until this minute,” one commenter said.