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 ...
OMG! It has electricity AND plumbing!! SOLD!!!!
(Our nice, cozy little cabin in the north woods just has electricity!)
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