Very expensive fixer-uppers seem to be a dime a dozen these days around the city, with a Glen Park hoarder house recently going for $1.525 million and a rundown Noe Valley Victorian snagging $2.8 million, which was nearly a million dollars over its asking price. But it's almost unheard of to find a fixer closer to downtown, making the six-bedroom house that just hit the market at 775 Clementina Street in SoMa unusual indeed. The house, which has 2,207 square feet of space—all of which needs work—is gunning for $2.5 million. That puts its per-square ask right up at $1,132, or the price that many buyers are paying for a brand new condo these days.
The home was built back in 1923 and is a rare single family home right downtown. Its interiors are pretty battered, with fading paint and a falling apart kitchen. The ancient stove may not even work, but a microwave sitting atop a folding table seems to have been doing the trick for whomever lived here last. The property is surrounded by commercial buildings, and there is parking for two cars in a garage. Of course, it is almost certain that the place will be bought and completely redone only to reappear on the market in a couple of years. It will be interesting to see what form a SoMa flip takes.
· Glen Park Hoarder House Lists for $899K, Sells for $1.525M [Curbed SF]
· Noe Valley Fixer Sells for $2.8M, Nearly $1M Over Asking [Curbed SF]
· 775 Clementina Street [Redfin]