Malo o Nekretninama..

by Guest 8/2/2019, 15:04

Katie Canales

Feb. 5, 2019, 8:00 AM

Malo o Nekretninama.. 5bd227a73bec3622fd571169-750-562

It may not look like much, but the home and its $600,000 asking price was a bargain by San Francisco standards. Open Homes Photography

A 480-square-foot home in San Francisco was sold in December for $600,000, making it one of the cheapest homes listed in the city's overheated real-estate market.
The home at 66 Bishop St. is nothing glamorous. It was advertised as a "fixer," inviting developers and contractors to swoop in to renovate.
Still, in a region whose housing market is bursting at the seams in part because of Silicon Valley's ever-growing tech bubble, it sold quickly, after just a couple of months on the market.

The 480-square-foot pink home at 66 Bishop St. in San Francisco is one of the smallest in the city. It's also, with its whopping $600,000 price tag, one of the cheapest, SFGate reported.
The home sold in late December after two months on the market and a $50,000 price cut. It was advertised as a "fixer," meaning whoever bought it basically paid over half a million dollars for the listing's location and space — it's on a 2,500-square-foot lot and could expand to 3,500 square feet of living space.
But in one of the most competitive real-estate markets in the country, stoked by Silicon Valley's ever-growing tech sphere, house hunters can't afford to be picky.
Take a look at what $600,000 bought the house's new owners.

San Francisco and the surrounding Silicon Valley region is swarming with big tech companies.

Justin Sullivan/Getty Images
Read more: San Francisco's tech boom is so expansive that the city's median home price rose by $205,000 in the first half of 2018, one of the biggest swells in its history

Tech workers from around the world flock to the Bay Area for jobs in the industry.

Justin Sullivan/Getty Images

The influx of tech recruits has only exacerbated the city's housing crisis.

Sean Gallup/Getty Images

Home prices have skyrocketed in recent years as demand has outweighed supply.

Justin Sullivan/Getty Images

Even properties in less-than-perfect condition come with high price tags ...

Justin Sullivan/Getty Images

... like a home in San Jose, just south of the city, that was pillaged by a fire and will need to be demolished — and still sold for almost $1 million.

Google Street View
Source: Business Insider

The pink dwelling at 66 Bishop St., though not ravaged by a fire, is far from tip-top condition — and yet it just sold for $600,000.

Open Homes Photography
Source: Zillow

The 480-square-foot home is in Visitacion Valley, an area of town known for its affordability.

Google Maps; Business Insider
Source: SFGate

The median real-estate value in the neighborhood is $802,200, much more than the pink dwelling's asking price.

Orin Zebest/Flickr
Source: Zillow

However, a few blocks away sits a 1,605-square-foot shanty valued at $1 million that's currently off the market, so the area isn't exempt from million-dollar homes.

Google Street View; Business Insider
Source: Zillow

For comparison, the median real-estate value in San Francisco overall is nearly $1.4 million.

Justin Sullivan/Getty Images
Source: Zillow

Linda Ngo, the property's realtor, told Business Insider that the Visitacion Valley neighborhood is getting more attention these days.

Visitacion Valley is at the southeastern edge of San Francisco. Wikimedia Commons

"There's a shift of buyers looking into Visitacion Valley and Excelsior," an adjacent neighborhood, Ngo said.

Malo o Nekretninama.. 5bd32e38cd6f3835f21f4203-750-563

Visitacion Valley. Wikimedia Commons

The pink home was sold in June for $400,000, relisted in October for $650,000, then relisted 10 days later to $589,900. The listing was removed in November and officially sold in late December for $600,000.

Open Homes Photography
Source: Realtor, Zillow

It's toward the bottom of a hill on Bishop Street.

Google Street View

The views from the street in front of the house are nice.

Google Street View

The bottom part of the home is the garage.

Google Street View

A staircase leads to the front door.

Open Homes Photography

There's a small patio before the entrance.

Open Homes Photography

And through the front door ...

Open Homes Photography
600 000 Ojrova Villa san Francisco... lol!

ostale slike na linku..
https://www.businessinsider.com/san-francisco-cheapest-homes-fixer-upper-house-tour-2018-10?utm_referrer=https%3A%2F%2Fzen.yandex.com#the-views-from-the-street-in-front-of-the-house-are-nice-16