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A house in an upscale San Francisco neighborhood with properties sometimes valued at tens of millions of {dollars} is in the marketplace for underneath $500,000 – however it could be some time earlier than the brand new purchaser can transfer in.
The vendor is asking $488,000 for the three-bedroom dwelling situated within the metropolis’s Russian Hill neighborhood, and an “as-is sale,” in response to the listing with Park North Actual Property.
The vendor was in search of $488,000 for the house (Google Maps)
The property, which spans a complete of about 3,200 sq. ft, has acquired consideration in latest days for each its low asking worth and the way lengthy the tenant could get to remain within the dwelling.
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“Per tenant Estoppel, Tenant claims $416.67 present month-to-month lease and pay their very own Rubbish, month-to-month Water, & month-to-month PG+E,” Park North Actual Property’s itemizing stated. “Tenant’s present lease seems to grant tenants robust long run lease charge quantity restrictions, unconventional methodology of rental cost, and attainable occupancy rights till 2053.”
The standing of the house was proven on Monday as “pending” on the web site of the actual property firm that holds its itemizing.
The median asking worth for a house in San Francisco in Might was $1.2 million, in response to Realtor.com. The media sale worth was $1.1 million.
In the meantime, it price a median $3,250 monthly to lease a home in San Francisco in the identical month, in response to Zillow data.
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The itemizing known as the Edwardian-style dwelling an “wonderful funding alternative for simply the fitting purchaser” however stated the vendor “do[es] not assure entry” to it.
The Golden Gate Bridge stands in entrance of the San Francisco skyline on March 28, 2024 in Sausalito, California. (Photograph by Justin Sullivan/Getty Photos / Getty Photos)
FOX Business reached out to the itemizing agent for touch upon the property and its standing.
It comes replete with one full and one half rest room plus a front room fire and a one-car storage. There may be additionally a fenced-in yard behind the property.
