‘Worst house on best block’ of San Francisco sells for $2M

Jan 14, 2022, 3:31 PM | Updated: 3:50 pm

OAKLAND, Calif. (AP) — A decaying, 122-year-old Victorian marketed as “the worst house on the best block” of San Francisco has sold for nearly $2 million — an eye-catching price that the realtor said was the outcome of overbidding in an auction.

A developer’s $1.97 million cash offer for the 2,158-square-foot (200-square-meter) property in the Noe Valley neighborhood was finalized last week. On the social media page Zillow Gone Wild, some commenters marveled at the price while others questioned the value of a house with boarded-up windows, peeling paint and an unstable foundation.

One commenter joked: “It actually has a parking space. No wonder it sold for almost 2 million!”

The property sold at several hundred thousand dollars higher than other comparable fixer-uppers in the area as a result of a complex conservatorship sale, said Todd Wiley, who represented the seller.

Wiley said a judge approved the sale of the house after its elderly owner was placed in a conservatorship. The man’s family, concerned about the way he was living, hired a licensed fiduciary to handle the sale with the proceeds going to pay for his continuing care, according to Wiley.

The house initially received the highest offer of about $1.4 million, and a probate judge ratified the offer, setting off a roughly 7-week process where the house stayed on the real estate market, generating intense interest.

At auction, a probate judge set bidding at $10,000 increments.

“That kept things low and kept five to six bidders in the game,” Wiley said. Two people ultimately went neck and neck, he said, “and it’s that auction environment that led it to go where it was.”

“They really wanted it but the data point didn’t support that sale. It was an anomaly,” he said.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Auto rickshaws queue up outside a fuels station amid fuel shortage in Colombo, Sri Lanka, Tuesday, ...
Associated Press

Sri Lankan president calls Russian leader seeking fuel

COLOMBO, Sri Lanka (AP) — Sri Lanka’s President Gotabaya Rajapaksa said Wednesday that he had a telephone call with Russian leader Vladimir Putin to request credit support to import fuel for the island nation that is facing its worst economic crisis in memory. “Had a very productive telecon with the Russia President Vladimir Putin. While […]
5 hours ago
FILE - In this undated photo from an unknown location, the leader of Taliban fighters, Mullah Haiba...
Associated Press

Taliban leader: Afghan soil won’t be used to launch attacks

ISLAMABAD (AP) — Taliban supreme leader Mullah Haibatullah Akhundzada said Wednesday that Afghan soil will not be used to launch attacks against other countries, and he asked the international community to not interfere in Afghanistan’s internal affairs. The Taliban say they are adhering to an agreement they signed with the United States in 2020 — […]
5 hours ago
FILE  - The logo for Amazon is displayed on a screen at the Nasdaq MarketSite, July 27, 2018. Brita...
Associated Press

Amazon faces UK investigation over anti-competitive concerns

LONDON (AP) — Britain’s competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for extra services. The Competition and Markets Authority’s formal investigation said Wednesday that it will look into concerns that the ecommerce giant is abusing its dominance to undermine rivals, echoing […]
5 hours ago
Associated Press

How a hotel satisfaction promise has led to more discontent

In the 1990s and early 2000s, the “100% Satisfaction Guarantee” was all the rage among many hotels. The gist was simple: Encounter a problem and receive your money back. In theory, this approach addressed fairly serious issues such as early-morning pool renovations that made the jackhammer an unwelcome alarm clock. Bed bugs. No hot water. […]
5 hours ago
FILE - People build a model of the business tower Lakhta Centre, at the headquarters of Russian gas...
Associated Press

EXPLAINER: Fears of a natural gas emergency stalk Europe

It’s not a summer heat wave that’s making European leaders and businesses sweat. It’s fear that Russia’s manipulation of natural gas supplies will lead to an economic and political crisis next winter. Or, in the worst case, even sooner if Russia suddenly cuts off the gas. Here are key things to know about the energy […]
5 hours ago
FILE - In this image made from video, Chinese Foreign Ministry spokesperson Zhao Lijian gestures du...
Associated Press

Ahead of G-20 ministers’ meeting, China slams US, NATO

BEIJING (AP) — China launched a scathing attack on the U.S. and NATO on Wednesday, days before a meeting between U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi. Foreign Ministry spokesperson Zhao Lijian’s comments underscore the increasingly fractious relationship, along with China’s increasingly confrontational approach to foreign relations that heatedly rejects […]
5 hours ago

Sponsored Articles

...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
...
Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
‘Worst house on best block’ of San Francisco sells for $2M