When a big, old Victorian fixer-upper in the heart of Noe Valley listed for $1.898 million back in June, we had a feeling that it would easily crack the $2 million mark. The house received six offers, all over asking, and was in contract after just eight days. We've now gotten word that it has sold for $2.8 million. Yes, that's nearly $1 million over asking and a gigantic price for a house with a vintage kitchen, an unfinished attic, and a dirt backyard. According to listing agents Kevin Ho and Jonathan McNarry, the buyer is an investor who paid all cash and plans to redevelop the house.
The biggest draw of this house is its location on Noe Street just a block up from the heart of 24th. It last changed hands way back in 1969, when it was purchased for just $25,000. Given the buyer, there is now no doubt that this house is going to reappear on the market in a few years as a fully spruced-up, fancified flip, so now the only real question is how much it will go for once it has been transformed. Any guesses?