Marketed as a Marina teardown, this circa 1926 single-family home was listed for $1,999,000. While inhabitable, it had two things going for it—the prized block its on (37 Rico Way being the address), and the neighborhood its in.
Combine that with our city’s still-scorching real estate market, and you end up with a decent chunk of coin.
Admittedly, some of these decaying-home shots are cool in and of themselves. The stained hardwood floor, the fallen ceiling squares, the lonely light fixtures—very Grey Gardens. But a gorgeous decay does not a habitable house make.
Selling price nabbed $2,680,00, which comes to $681,000 over the asking price.
Renderings of a new (albeit not at all imaginative) house are included in the images, but that doesn’t mean this will become the new structure.
Curbed SF will update as soon as a new design is selected.
- 7 Rico Way [The Open House]
- Marina District [Curbed SF]