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

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

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

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

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 1,881 more deals!