In What City Can a ‘Shack’ Fetch $400,000?

What's Hot

5 Reasons to Shop for a Home in DecemberFamily

Shoppers Boycott Businesses Selling Trump-Branded ProductsBusiness

15 Things You Should Always Buy at a Dollar StoreMore

Giving Thanks: Why Foreigners Find America AmazingAround The House

New Email Phishing Scam Targets Amazon ShoppersMore

50 Best Gifts Under $25 for Everyone on Your ListFamily

Why Washing Your Turkey Can Make You IllFamily

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 7 Worst Things to Buy at a Dollar StoreMore

What the Richest 1 Percent Earns in Every StateFamily

10 Ways to Retire Earlier Than Friends on the Same SalaryGrow

The 10 Best Ways to Blow Your MoneyCredit & Debt

The 50 Hottest Toys of the Past 50 YearsFamily

30 Awesome Things to Do in RetirementCollege

A 765-square-foot home that is more than 100 years old and sells for $408,000? It is a reality in this city.

The classic real-estate adage — “location, location, location” — has perhaps never been more applicable.

San Francisco, among the most expensive real-estate markets in the nation, is the place in which a veritable shack recently sold for $408,000.

That was the case this week for 16 De Long St. in San Francisco’s Outer Mission neighborhood.

The property is a 765-square-foot home that’s more than 100 years old. It’s sided with washed-out wood, and its windows are boarded up or covered with security grates.

“In need of work. Contractor special,” reads the listing on the National Association of Realtors’ website.

Still, it sold for well over the listed price of $350,000 after 10 days on the market, the seller’s real estate agent tells MarketWatch.

Brian Tran of Vanguard Properties says the buyer plans to keep the structure intact and remodel it:

“We keep an eye out for distressed homes, but this one went above and beyond. …

“I am very excited to see how the (buyer’s) project will turn out.”

The one-story home, built in 1906 and dwarfed by the modern-day two-story houses that stand beside it, is believed to be a so-called earthquake shack, MarketWatch reports.

About 5,000 tiny houses like it were built after the 1906 earthquake and resulting fire that leveled 500 square blocks of the coastal city, leaving more than half of its 400,000 residents homeless.

This year alone, San Francisco has been recognized as:

Do you think a tiny two-bedroom, one-bathroom home is worth more than $400,000 because it’s in San Francisco? Sound off in our Forums. It’s the place where you can speak your mind, explore topics in-depth, and post questions and get answers.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Leaving Home This Weekend? 6 No-Cost Ways to Keep Thieves Away

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,731 more deals!