‘Worst area on highest block’ of San Francisco sells for $2M

A decaying, 122-year-old Victorian advertised as “the worst area on the most productive block” of San Francisco has bought for almost $2 million — an crowd pleasing value that the realtor stated was once the end result of overbidding in an public sale.

A developer’s $1.97 million money be offering for the two,158-square-foot (200-square-meter) belongings within the Noe Valley community was once finalized final week. At the social media web page Zillow Long past Wild, some commenters marveled on the value whilst others wondered the worth of a area with boarded-up home windows, peeling paint and an volatile basis.

One commenter joked: “It in reality has a parking zone. No surprise it bought for nearly 2 million!”

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The valuables bought at a number of hundred thousand bucks upper than different related fixer-uppers within the space because of a posh conservatorship sale, stated Todd Wiley, who represented the vendor.

A lately bought Victorian house is proven in San Francisco, Friday, Jan. 14, 2022. The decaying, 122-year-old Victorian advertised as “the worst area on the most productive block” of San Francisco lately bought for almost $2 million — an crowd pleasing value that th

Wiley stated a pass judgement on authorized the sale of the home after its aged proprietor was once positioned in a conservatorship. The person’s circle of relatives, interested by the best way he was once dwelling, employed a certified fiduciary to deal with the sale with the proceeds going to pay for his proceeding care, consistent with Wiley.

The home to begin with gained the very best be offering of about $1.4 million, and a probate pass judgement on ratified the be offering, surroundings off a more or less 7-week procedure the place the home stayed on the true property marketplace, producing intense pastime.

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At public sale, a probate pass judgement on set bidding at $10,000 increments.

A pedestrian walks a canine previous a lately bought Victorian house in San Francisco, Friday, Jan. 14, 2022. The decaying, 122-year-old Victorian advertised as “the worst area on the most productive block” of San Francisco lately bought for almost $2 million — an eye-c

“That saved issues low and saved 5 to 6 bidders within the sport,” Wiley stated. Two folks in the long run went neck and neck, he stated, “and it’s that public sale atmosphere that led it to move the place it was once.”

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“They truly sought after it, however the knowledge level didn’t reinforce that sale. It was once an anomaly,” he stated.

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