This ‘Shack’ Could Be Yours for $1 Million

Photo (cc) by Ian Muttoo

How much would you pay for a tiny cottage that doubles as a piece of history at the edge of San Francisco’s famed Haight-Ashbury district?

The owners (and listing agents) of this historic 1906 “earthquake shack” are hoping you answered $995,000 – that’s the asking price for the 640-square-foot house located on San Francisco’s Ashbury Heights. It’s a bargain price, at least when you consider it was originally listed for $1.38 million last month.

The one-bedroom, one-bath, wood-sided cottage is described by Bay Property Group as “one of the last historic earthquake shacks.” The city, the U.S. Army and relief organizations built just over 5,000 similar “shacks” to house San Francisco residents left homeless by a devastating earthquake in 1906, MarketWatch reports.

The home originally cost $50 ($1,300 in today’s dollars). It last sold in 1973 for $37,000.

“It’s like a little cabin,” listing agent Lewis Canyon told Realtor.com. “It’s a wonderful location. It’s a bit of San Francisco history.”

San Francisco is known for having one of the most expensive real estate markets in the United States, but at nearly $1 million, is the price tag on this earthquake shack too high, even if it comes with a wine cellar?

Brian Tran, a realtor with Climb Real Estate in San Francisco, told MarketWatch that while the asking price on the tiny house may seem ridiculously high, many buyers are still paying premium prices to snatch up a piece of San Francisco real estate.

“People say [the San Francisco real estate market is] slowing down, but I don’t see it,” Tran says. “If people are willing to buy at those prices, then we’re still going to see these listings.”

Another earthquake shack sold for $408,000 last fall, and it wasn’t in good condition. The Ashbury Heights earthquake shack, which is located at 1537 Cole St., looks to be in good shape. It’s been updated and added on to over the years.

It features a cobblestone path made up of stones from the city’s old streets, a beautiful mature garden, an old-fashioned brass doorbell, a clawfoot tub in a sky-lit bathroom and the wine cellar mentioned above.

Still, at the current listing price, this earthquake shack comes at a premium price of $1,554 per square foot. Yikes.

Do you think this property delivers $1 million worth of value? Share your comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
My Favorite Amazon Purchases From 22 Years of Shopping There
My Favorite Amazon Purchases From 22 Years of Shopping There

Yes, I’ve been shopping on Amazon since the 1990s. These are among my most beloved buys.

7 Kitchen Gadgets That Make Healthy Cooking a Breeze
7 Kitchen Gadgets That Make Healthy Cooking a Breeze

These small appliances and cooking aids make healthy eating easy — and they’re all available on Amazon.

8 Ways to Snag Extra Savings at Walmart
8 Ways to Snag Extra Savings at Walmart

Are you aware of all these ways to boost your savings in Walmart stores and at Walmart.com?

9 Genius Storage Solutions for Your Home
9 Genius Storage Solutions for Your Home

These creative products on Amazon will hide unsightly clutter while saving space.

This Pastime Can Keep Your Brain Sharp as You Age
This Pastime Can Keep Your Brain Sharp as You Age

It’s never too late to benefit from taking up this type of activity.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
10 Things Frugal People Never Buy
10 Things Frugal People Never Buy

If you’re a true tightwad, the mere thought of spending money on these items gives you the willies.

10 Useless Purchases You Need to Stop Making
10 Useless Purchases You Need to Stop Making

You might as well flush your money down the loo if you spend it on these things.

7 Social Security Rules Everyone Should Know by Now
7 Social Security Rules Everyone Should Know by Now

Confusion over Social Security is a shame, considering how many of us will need this money badly.

9 Shopping Mistakes to Avoid at Costco
9 Shopping Mistakes to Avoid at Costco

Are you missing out on serious savings at your favorite warehouse club?

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

They don’t make coffee makers like this anymore.

The 16 Cars Most Likely to Last 200,000 Miles
The 16 Cars Most Likely to Last 200,000 Miles

One automaker takes half the spots on a list of the longest-lasting vehicles.

14 Things You Should Stop Buying in 2021
14 Things You Should Stop Buying in 2021

These convenient household products come with hidden costs that you might not have considered.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

Is Writing a Check Still Safe?
Is Writing a Check Still Safe?

Every time you pay by check, you hand your bank account numbers to a stranger.

6 Ways to Protect Your Retirement Accounts From Hackers
6 Ways to Protect Your Retirement Accounts From Hackers

Imagine having $245,000 stolen from your retirement account — and not being reimbursed.

8 Things You Should Replace to Improve Your Life Today
8 Things You Should Replace to Improve Your Life Today

Being frugal isn’t smart if you put off replacing these items.

This Is the Most Dependable Car Brand in the U.S.
This Is the Most Dependable Car Brand in the U.S.

This brand’s vehicles are least likely to give drivers repair headaches, according to J.D. Power.

7 Social Security Benefits You May Be Overlooking
7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

13 Amazon Purchases We Are Loving Right Now
13 Amazon Purchases We Are Loving Right Now

These practical products make everyday life a little easier.

7 Hidden Sections of Amazon Every Shopper Should Know
7 Hidden Sections of Amazon Every Shopper Should Know

These little-known departments of Amazon are gold mines for deal-seekers and impulse shoppers alike.

7 Income Tax Breaks That Retirees Often Overlook
7 Income Tax Breaks That Retirees Often Overlook

Did you realize all these tax credits and deductions exist — or that they apply to retirees?

The 6 Best Investing Apps for Beginners
The 6 Best Investing Apps for Beginners

If you’re looking to ease into investing in the coronavirus economy with just a little money, check out these easy-to-use tools.

7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

Homeowners Say These 2 Kitchen Appliance Brands Are Best
Homeowners Say These 2 Kitchen Appliance Brands Are Best

One brand takes five of the top honors, while another ranks highest in three categories.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.