A fire-gutted house on Farallones Street in San Francisco’s Oceanview neighborhood sold for $555,000, even though its roof was collapsing, its interior was charred, and at least one squatter was reportedly still living inside at the time of sale. The sale price landed $106,000 above the home’s list price, a premium that stunned even the agent who handled the deal.
The 1,310-square-foot studio home with one bathroom was marketed with a list price of $449,000, according to Coldwell Banker realtor Janice Lee, who handled the sale and spoke to the New York Post. The Trulia listing for the property likewise shows a $449,000 list price. The San Francisco Standard reported in late September that the home carried a $450,000 list price as it headed toward contract after fielding multiple offers.
Multiple bids came in on the property despite its rough condition, Lee said. The home had a collapsing roof, a charred interior, trash and debris scattered throughout, and unresolved city violations, and it was sold strictly as-is. Prospective buyers were not permitted to walk through the house before bidding; the Trulia listing confirms that entry to the property was prohibited, and separately notes outstanding notices of violations and abatements tied to the address.
A Fire-Scarred House With Occupants Still Inside
As reported by the San Francisco Standard, a 2023 fire caused hundreds of thousands of dollars in damage and tore a gaping hole in the roof, and the home has been considered unsafe and a public nuisance ever since. The Trulia listing separately states that the home experienced two fires in total, leaving the interior gutted and fire-damaged with additional damage toward the back of the structure…