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Who said BOOM? This San Fran home 'in a deteriorative state' just sold for $1.2 million

We say boom.

A HOME NEEDING some serious work just sold for $411,000 over its asking price, Curbed SF reports.

The four-bedroom home, located in San Francisco’s Outer Sunset neighbourhood, was listed for $799,000 in February and sold for $1.21 million just two weeks after coming onto the market.

That’s roughly 50% above asking and a lot for a house that even the listing warns is “in a deteriorative state; needs everything, not for the novice”. According to Redfin, the buyer paid in cash.

It’s just another example of how crazy the San Francisco real estate market has become.

From the outside, the home looks totally run down.

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Whoever bought the house will have to put in a lot of work to get it back in shape. Curbed speculated they’ll end up flipping it for more money after the remodel.

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Here’s a look at the bathroom. It obviously could use a paint job.

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The kitchen is missing a few drawers.

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And some appliances.

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The bedroom definitely has potential.

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Again, just to remind you, $1.2 million.

 

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There is a garage.

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And decking. Of course.

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More: Take a tour of the Winklevoss’ stunning $150,000-a-month LA mansion

Read: This French castle – a favourite with Rihanna – is on sale for €5 million

Published with permission from:

Business Insider
Business Insider is a business site with strong financial, media and tech focus.

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