'Dilapidated shack' sells for $1.7M in cash

An 875-square-foot home that SF Curbed’s Tracy Elsen describes as a “dilapidated shack” that “appears to be unlivable in its current state” has sold for $1.7 million in cash, $510,000 over its initial asking price of $1.195 million. The home, a wooden structure built in 1904, sits on the border of San Francisco’s Glen Park and Noe Valley neighborhoods and features a dirt backyard.

The real value in the property “is the 3,998-square-foot lot with views out to the bay that the house sits on and the potential for a complete renovation,” Elsen wrote.

Source: sf.curbed.com