According to the broker, it's the cheapest home on the market in San Francisco, and it's an unlivable shack.
As Fortune reports, [5] it is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.
According to Zillow, $350,000 would comfortably fetch a 1,500-square-foot, three-bedroom home in many smaller cities in the U.S., including Cincinnati, Ohio.
[6]
Realtor Alexander Han, would definitely advise against moving in too soon.
"The house still needs a lot of work. I would not recommend anyone moving right in. The bathroom is not functioning. The kitchen needs a bit more work. The flooring has a couple of places that are little bit weaker, and needs to be reinforced."
Located at 16 De Long Street in the (slightly) more affordable Outer Mission district [7], the house’s price is a reflection of the skyrocketing real estate market in San Francisco.
[8]
Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million.