“Worst” home on “greatest block” in San Francisco fetches practically $2 million

Location, location, location. A decaying, 122-year-old Victorian marketed as “the worst home on one of the best block” of San Francisco has offered for practically $2 million — an attention grabbing worth that the realtor stated was the result of overbidding in an public sale.

A developer’s $1.97 million money supply for the two,158-square-foot (200-square-meter) property within the Noe Valley neighborhood was finalized final week. On the social media web page Zillow Gone Wild, some commenters marveled on the worth whereas others questioned the worth of a home with boarded-up home windows, peeling paint and an unstable basis.

One commenter joked: “It really has a parking house. No surprise it offered for nearly 2 million!”

A Victorian home in San Francisco’s Noe Valley district offered for $1.97 million regardless of peeling paint, damaged home windows and an unstable basis.

AP Picture/Jeff Chiu

The property offered for a number of hundred thousand {dollars} greater than different comparable fixer-uppers within the space on account of a fancy conservatorship sale, stated Todd Wiley, who represented the vendor.

Wiley stated a choose accredited the sale of the home after its aged proprietor was positioned in a conservatorship. The person’s household, involved about the best way he was residing, employed a licensed fiduciary to deal with the sale with the proceeds going to pay for his persevering with care, in line with Wiley.

The home initially acquired the best supply of about $1.4 million, and a probate choose ratified the supply, setting off a roughly 7-week course of the place the home stayed on the true property market, producing intense curiosity.

Zillow initiatives enhance in dwelling costs subsequent …


At public sale, a probate choose set bidding at $10,000 increments.

“That saved issues low and saved 5 to 6 bidders within the recreation,” Wiley stated. Two individuals finally went neck and neck, he stated, “and it is that public sale surroundings that led it to go the place it was.”

“They actually needed it however the knowledge level did not assist that sale. It was an anomaly,” he stated.

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