November 30, 2010

Black Friday: Cheapest home in San Francisco is … on Market St!

$125,000
Beds: 2
Baths: 2
Sq. Ft.: -
Lot Size: -
Property Type: Luxury, Condominium
Style: Modern/High Tech
View: Downtown
Year Built: 2007
Community: Financial District
County: San Francisco
MLS#: 377229
Source: San Francisco MLS
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 31 days
Firesale! Listed over 40% off retail price! Hurry this is a deal. Enjoy Ritz-Carlton luxury club (RCC)! FRACTIONAL ownership (NOT FULL TIME) in RCC is ideal for those outside S. F. who come here often and stay overnight. 1/12 deeded ownership includes: minimum use of 21 days/year, unlimited space available per diem days, reciprocal use at other RCC resorts + RC hotel discounts/upgrades! HOA dues INCLUDE property tax.

It’s Black Friday week! The search is on for DEALS DEALS DEALS!

Whiny people are always complaining that there’s no affordable housing in San Francisco. BOOM. This amazing deal proves them wrong.

2 bedrooms and 2 bathrooms for a mere $125,000. I mean, seriously… that’s like Texas pricing.

Now, sure, you can only live here 21 days a year… but really, aren’t you at work most of the time anyway? Just buy two of these, and you can have a weekend home! Just sleep in your cube the other 313 days! What, are you planning to slack off?

Yes, my friends, this is an amazing deal in an amazing city! What’s stopping you from snatching this up?

Comments (20) -- Posted by: burbed @ 5:14 am

20 Responses to “Black Friday: Cheapest home in San Francisco is … on Market St!”

  1. Alex Says:

    wow, what an amazing deal!

    If you had only posted this a little sooner before I had blown all my cash on Black Friday deals, drugs, booze and hookers, I could have bought this as my bachelor pad!!

  2. SEA Says:

    “Just sleep in your cube the other 334 days!”

    Too funny!

  3. nomadic Says:

    “Just sleep in your cube the other 334 days!”

    I know a guy who did that in 2001. Why pay rent when you work 12+ hours/day anyway? Why do you suppose so many office buildings have showers around here? :-)

    HOA dues INCLUDE property tax.

    Just how much are those dues, anyway? Sounds like this is a huge cash drain like yesterday’s POS-on-the-beach. At least it’s better geared to people with money to burn.

  4. sfbubblebuyer Says:

    Ideal for homeless people who love the lifestyle, but still want to have a place to stay once or twice a month for the monthly shower!

  5. Real Estater Says:

    Cheap property in Saratoga:

    http://www.movoto.com/real-estate/homes-for-sale/CA/Saratoga/15725-Canon-Dr-100_80812537.htm

    $599K for 1.55 acre.Surrounded by multi-million dollar estates.

  6. nomadic Says:

    Wow, that lot is STILL for sale?! 912 days on the market. They’re persistent. It started at more than $1M in 2007. Don’t know what they were trying to get when it was first listed in 2004.

  7. madhaus Says:

    #5, you should write that property up as a guest submission. Maybe it could qualify for the Black Friday sale.

  8. SEA Says:

    Real Estater- You’re so January 2009! Two years is a short period of time anyway, right?

    Why is this not selling? Is the owner of this lowest priced property using an unusual pricing strategy?

  9. madhaus Says:

    I want to know how they can list that “house” as a 5 br/4.5 ba when there isn’t a structure on the property at all.

    Did you catch the part where you have to build a bridge to even get there, estimated cost $300K? How about building a DRAWBRIDGE! Then fill San Tomas Aquinas Creek with sharks.

  10. SEA Says:

    madhaus- “Did you catch the part where you have to build a bridge to even get there, estimated cost $300K?”

    Who cares if a bridge is needed; the value is in the land. “$599K for 1.55 acre.Surrounded by multi-million dollar estates.

  11. Tuno Says:

    #1 – now *that’s* a real Alex post.

  12. Real Estater Says:

    >>Did you catch the part where you have to build a bridge to even get there, estimated cost $300K?

    If you look at a place like Foster City or Redwood Shores, there are plenty of bridges connecting various landfills. It’s not as big of a deal as you think.

  13. SEA Says:

    “It’s not as big of a deal as you think.”

    Of course it’s not a big deal; it’s less than $500k.

  14. Ria Wise Says:

    Sure, the price is cheap, but it’s literally a waste of space if you can’t access it in accordance to your will.

  15. corntrollio Says:

    The plans they are selling for that lot in Saratoga are worthless, and the creek makes it a non-starter since it likely makes the lot a terrible place to build. I wonder how much they pay in taxes per year.

  16. madhaus Says:

    That unreachable vacant lot in Saratoga was taken off the market yesterday, per Redfin. Movato says it’s still active. Since they can’t be bothered to track price reductions, I’ll go with Redfin’s call.

    It’s now an “off-market property.”

  17. Real Estater Says:

    As a result, the lowest price in Saratoga just got a lot higher.

  18. madhaus Says:

    Venditor timere annonae desperat quam humilitate potest abire..

  19. SEA Says:

    “As a result, the lowest price in Saratoga just got a lot higher.”

    I’m sure that helps this non-seller out. He really wanted to keep that lot; that’s why it was listed for sale. I’m probably going to need a reminder that the RBA never changes based on market conditions at all. I’m sure some professionals would like to buy and live there, but at a much lower price.

    And I’m just too lazy this morning, otherwise I’d go look for cheaper homes in Saratoga–probably one that has buried power lines, or something.

  20. SEA Says:

    I was going to suggest this place for 2011, so instead I will just update this entry:

    “Dec 12, 2011 Listed (Active) $90,000 – San Francisco MLS #392166″

    It’s for 1/12 ownership, so it’s being priced a little over $1M for the whole.


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