It's not often that a home in the Excelsior asks more than $1,000 per square foot. However, that's the ask for 58 Ney Street, which boasts only 875 official square feet and a big $900,000 price. The house is a couple of blocks away from 247 1/2 Ney Street, a two-bedroom that recently sold for $991,800, but that house was an architect-built artist's cottage with designer touches everywhere. 58 Ney Street, on the other hand, is a modest little home with a chain-link fence out front and none of the charm of its high-selling neighbor inside.
The house is listed in public records as having only one bedroom, but its brokerbabble assures that there are actually two, although neither is pictured in the listing photos. There is only one official bathroom, and the appliances in the kitchen are decades old. So why the big price?
The listing mentions a bonus bathroom and other rooms downstairs, which probably means that there is more livable square footage than is officially listed. The house does have easy access to the 280 and 101 freeways, and it is also just over a 10-minute walk to Glen Park village. And although the house has features like a new roof and isn't really a fixer-upper, the sellers may be targeting flippers who will swoop in to give it a makeover. The price is way over the Excelsior's median list price of $669,000 over the last 90 days, but this is, of course, San Francisco, where total disasters sell for seven-figure prices and anything could happen.
· 58 Ney Street [Redfin]
· 247 1/2 Ney Street [Redfin]
· Total Disaster Lists for $799K, Sells for $1.21M in the Outer Sunset [Curbed SF]