San Francisco home 'in a deteriorative state' sells for $1.2 million (Pic heavy)
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 neighborhood, 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.
http://www.sfgate.com/technology/businessinsider/article/This-San-Francisco-home-in-a-deteriorative-6161821.php#photo-7725600
I think a demolition and total rebuild would be smarter.
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I'll take the stove, those vintage double oven gas stoves were wonderful things. The fool who plunked down a million in cash (who does that?) can have what the stove is sitting in.
It's hard to say what will happen here, depends on how sound the structure is. The rooms look big enough to do something with but it looks like a rental that's been beat to hell since the early 60s, the date of the last renovation.
Of course, if it's sitting on a large lot, it will be a teardown that will be replaced by some pseudo Spanish ugly heap of masonry built out to the property line on all sides.
ETA: The lot, not that huge but a decent size. The house's upper floor has a lovely view of electrical wires.
For those of you down south, that's all the way across The City from Market St., Union Square, etc. And, despite the name, it's the heavy-duty fog belt! 
