$649,000
Posted on 05/01/2018 10:55:06 AM PDT by Oldeconomybuyer
A humble circa-1900 cottage is the cheapest single-family home on the market in San Francisco right now, and a local historian says it could be a relic from the former Ingleside horse racetrack built in 1895.
The cottage at 459 Ralston St. in Merced Heights sits on a generous 3,332 square-foot-lot and is listed for $649,000 (though most SF homes have been selling over asking price lately).
"It's the lot that's the value in this property," says listing agent Robert Tao of Sequoia Real Estate. "Normally, the lots in the area are 2,500 square feet."
(Excerpt) Read more at sfgate.com ...
$649,000
Tear it down and rebuild. Permits are a joke in SF. My buddy was home when a city worker painted orange a crack in the sidewalk and left a tag on his door to fix it. To fix a sidewalk you need a permit. $100. I woulda done it on the weekend b4 they came.
A little Shrubry...
......but no more than $1.00, especially in San Fransicko!
Nearly $200 per square foot ... for the entire lot.
The “interesting history” amounts to “a very mundane/humble abode survived this long”. I’d not be surprised if its “cheap” status comes from its technical historical status - probably a pile of costs/fines/fees in demolition, if that’s allowed at all; it might require vintage-compliant repair (ex.: grain-matching now-rare wood; replicating antique cheap-ass building materials could be hard).
Where’s the outhouse?
There’s actually a small separate garage behind the house.
Do you have any idea what $650,000 buys in Dallas/Ft. Worth? ROTFLMAO
With a quick check in my zip code, for the same $649,000 you can get, some 30 minute drive from Atlanta (imagine waterfront property prices around SF), a:
- 4 bedroom 3600 sq ft lake-side house with its own deepwater cove
- 6 bed 5.5 bath 5600 sq ft luxury home
numerous other homes of similar price & features.
Viewed from the other extremes:
- the smallest non-lakefront house in this zip code is 800 sq ft, $225,000 lakefront property (adjacent properties upgraded to ~$700,000 value)
- a 632 sq ft home is going for $749,900 ... but has a large 100’ lakefront and rare usage permissions
- nearby, a 520 sq ft near-lake home costs $90,000.
I don’t see the point of living in SF under such circumstances (to wit the lead story’s home is indicative of what’s typical in the region).
To wit: MOVE!
The weather is fabulously foggy
Generous? My front yard is bigger than that.
You could get 12.5 square miles out where I bought my section for that much in 2013.
My wife’s horses live better than that.
The coldest winter I ever spent was a summer in San Francisco.
Precisely
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