Here's why this shack looks so stunned: It sold for three-quarters of a MILLION dollars
Is it our imagination, or does this house look a little ... stunned? O_o
We don't blame it. We are, too.
See, once in a while we get to thinking that we're finally inured to the insanity of San Francisco's real estate market. And then we come across a property like 1448 Kearny St.
This 330-square-foot cottage just sold for more than three-quarters of a million dollars -- nearly $100,000 more than the owner was asking. It had been listed at $679,000 but sold at $765,000. (Click here or on a photo for a slideshow.)
Sure -- it's a teardown, right? Land value. Makes sense.
Yeah, that's what we thought. But the lot is 766 square feet (about 28 by 28 feet), according to public records. Minuscule. As kawaii-cute and decidedly unimposing as its facade.
And the house on the lot is one of only about 100 remaining earthquake shacks, built more than a century ago to house refugees of the 1906 San Francisco earthquake. So although it has some character, its historical significance puts some limitations on future building.
Still, it was recently renovated by the artist who owned it, and it is on Telegraph Hill, just around the corner from Coit Tower (a three-minute walk away). And heck, it looks positively cheap next to the $1.5 million, 328-square-foot London flat we recently wrote about.
Worth it? Click here or on a photo to see the slideshow for yourself, then let us know in the comments. You'll also find in the slideshow a few pre-renovation shots, plus details on the property's wildly fluctuating recent price history.
Related on Yahoo Homes:
• Half a million dollars for 188 square feet
• From earthquake shack to million-dollar home
• A tiny house adorned with tomato cans and grocery bags
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