Rockridge teardown asks $495,000

It’s the age of the million-dollar teardown in San Francisco and the multi-million dollar teardown on the peninsula. Will it be long before Oakland joins the party?

Fear not, East Bay alums: This one-bedroom, two-bath 1905 home at 383 60th Street midway between Rockridge and Fairview Park is not joining the million dollar club, at least not as far as its list price goes.

Instead it’s just under half a million dollars, $495,000.

“This looks charming but it is a tear down” notes the ad, which suggests some potential ambiguity about the meaning of those terms. It would maybe be more precise to say that this home looks like it was once charming—and indeed it does.

It’s still possible to see the original appeal in the double-gabled craftsman exterior and even in some of the old fixtures, although with the exception of a second bathroom that clearly postdates the rest of the house by decades it’s unlikely there’s anything here that anybody will want to save.

Realtor Dalia Juskys doesn’t mince words: “Needs everything from scratch.”

Half a million dollars, of course, buys an enormous home in pristine condition in most cities outside of the Bay Area. It’s easy to throw up hands when confronted with six to seven-figure teardowns, but the seller can hardly be blamed for trying to get the most out of the property now.

The property is nearly 3,500 square feet but the home itself is less than 1,000, which is a fair lot of potentially valuable Rockridge land to invest in.

• 383 60th Street [Grubb Co.]