A zero-bedroom San Francisco home pegged 'the worst home on the most effective block' has bought for almost $2 million.
Courtesy of Realtor.com
Fixer-upper is an understatement.
An deserted San Francisco townhouse with zero bedrooms, mismatched flooring, boarded up home windows and a staircase that simply may collapse on a windy day has bought — for a stunning $1.97 million.
“This the worst home on the most effective block,” the candid itemizing for the house on 320 Day St. states.
Positioned within the upscale Noe Valley neighborhood, the decrepit property initially went up on the market for $995,000 and is described within the itemizing as a “contractors particular.”
The wood-frame residence, which comes with just one rest room, went for public sale in a conservatorship sale final month. It bought on Jan. 7 for $600,000 above the beginning bid.
Properties within the sought-after southern neighborhood common $2.6 million. In addition they sometimes promote in 11 days, with property over 3,000 sq. ft routinely going for greater than $4 million, in keeping with the Actual Deal.
“This property is prone to require money solely attributable to its excessive deferred state,” the itemizing notes.
It continues: “Surrounded by many multimillion-dollar houses; that is the most effective alternative on the block and your probability to make it shine as vivid because the neighbors.”
At the moment the most costly itemizing within the neighborhood is a 6,000-square-foot fashionable construct on rather a lot that spans double the scale of the Day Road home.
Todd Wiley and Kim Wiley with Compass represented the vendor.
“We thought the property would promote at $1.6 million — we had knowledge for that,” Wiley instructed Insider. “However then the human spirit of competitors took over.”
The house is 120 years outdated and at present options boarded-up home windows, mismatched flooring and an outsized sq. bathtub.
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