Historic Oakland Victorian offered for free

A good deal is often accompanied by the phrase “everything must go,” but it’s rarely realized in such literal terms as the one seen at 2325 Valley Street in Oakland.

This two bed, two-bath Victorian home is being offered for free to anyone willing to take it off the hands of its current owners, Uptown 8 Investors LLC, aka Signature Development, the same company behind Oakland’s the Hive development, among others.

However, the deal only happens if the buyer is willing to relocate the entire home at their own expense. Images of the Valley Street set-up and its prominent, “Free house, must be moved” sign appeared on Reddit on Monday.

The banner further explains, “Victorian house [...] to be replaced by a new project. Building is available for free for relocation to another site by October 27, 2018.”

Paul Nieto, Vice President of the development company that owns the property, tells the San Francisco Chronicle that the lot is scheduled for demolition to make way for a new six-unit development.

However, per Oakland law, the company must offer the house free of charge to anyone who wants to commit to moving it.

According to real estate firm Re-Max, 2325 Valley last sold in April of 2017 for $1.5 million, an appreciation of more than 340 percent from its previous 2003 sale of $340,000.

Zero dollars is a pretty solid deal compared to either of those figures. But you’ve got to be able to take this show on the road.

• Who Says Real Estate Is Out of Control? [Reddit]
• Own an Oakland Vic For Free [Chronicle]
• Signature Development
• 2325 Valley Street [Re-Max]