‘Worst house on best block’ of San Francisco sells for $2M

A decaying 122-year-old Victorian home has been sold as the “worst house in the best building” in San Francisco for nearly $2 million — a remarkable price the realtor said was the result of auction.

A developer’s $1.97 million cash offer for the 2,158-square-foot (200-square-meter) property in the Noe Valley neighborhood was completed last week. On the Zillow Gone Wild social media page, some commenters marveled at the price while others questioned the value of a home with wood windows, peeling paint, and an unstable foundation.

One commenter joked, “It actually has parking. No wonder it sold close to two million cars!”

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Todd Wiley, who represented the seller, said the property sold for hundreds of thousands of dollars higher than other similar lofts in the area as a result of the complex sentry sale.

A recently sold Victorian house is on display in San Francisco, Friday, January 14, 2022. A 122-year-old decaying Victorian home has been sold as the “worst home on the best block” in San Francisco which recently sold for nearly $2 million – It is a striking price that

Wiley said a judge approved the sale of the home after placing its elderly owner under guardianship. The man’s family, concerned about the way he lives, hired a licensed agent to handle the sale while paying the proceeds for his ongoing care, according to Wiley.

The house initially received the highest bid of about $1.4 million, and a trustee judge approved the bid, leading to a roughly 7-week process whereby the house remained on the real estate market, attracting huge interest.

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At the auction, a probate judge limited the bid to increments of $10,000.

A pedestrian walks a dog in front of a recently sold Victorian home in San Francisco, Friday, Jan. 14, 2022. A 122-year-old decaying Victorian has been marketed as the “worst house on the best block” in San Francisco that recently sold for nearly $2 million – Ain J

“That kept things low and kept five to six bidders in the game,” Wiley said. In the end, two people said, “It was that auction environment that drove him to go where he was.”

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“They really wanted it, but the data point didn’t support that sale,” he said. “It was an anomaly.”

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