A ‘zero’ bedroom house in San Francisco sold for nearly $2 million
A ‘zero’ bedroom house in San Francisco was sold for nearly $2 million. Don’t be shocked, it’s all real. The house stands out not for what it possesses, but for what it lacks: a bedroom. The boarded-up “contractors special” at 320 Day St., according to its listing, it includes zero bedrooms, one bathroom, and a […]
A ‘zero’ bedroom house in San Francisco was sold for nearly $2 million. Don’t be shocked, it’s all real. The house stands out not for what it possesses, but for what it lacks: a bedroom. The boarded-up “contractors special” at 320 Day St., according to its listing, it includes zero bedrooms, one bathroom, and a World War II-era kitchen.
The Compass real-estate brokers Todd and Kim Wiley wrote that it is “the poorest house on the nicest block, making it a fantastic opportunity,” and that the “severe deferred state” means the buyer would have to make an all-cash offer. The run-down property, which is in the posh Noe Valley neighborhood, was initially listed for $995,000. And was distinguished as a “contractors special” in the ad. Last month, the conservatorship auctioned off the wood-frame house, which has only one bathroom. On Jan. 7, it was sold for $600,000 more than the initial price. The usual price of a residence in the sought-after southern area is $2.6 million. According to the Real Deal properties over 3,000 square feet regularly sell for more than $4 million.
The ‘zero’ bedroom property’s additional crucial selling aspect is its 2,800-square-foot
The conservatorship sale, which pertains to the California probate court, Todd Wiley told Insider, enabled push the price up to more than twofold what they had called for at the start. “We thought the property would sell at $1.6 million; we had data for that,” Wiley said. “But then the human spirit of competition took over.” Wiley said that the conservatorship-sale procedure exposed the property to a live-auction environment not once, but twice, resulting in the “head-scratcher” $1.97 million closing price.
The ‘zero’ bedroom property’s additional crucial selling aspect is its 2,800-square-foot lot, which is reasonably large in San Francisco. The estate is also designated for two homes. It’s the latest in a string of seven-figure sales of uninhabitable houses in the Bay Area. Which includes a historic home and an ancient theatre in San Jose. As well as a four-bedroom home in Walnut Creek.
This article A ‘zero’ bedroom house in San Francisco sold for nearly $2 million appeared first on BreezyScroll.
Read more on BreezyScroll.
