San Francisco home in trendy nabe hits market for $488K — but buyers can't move in until 2053

📆 16/12/45 10:56 ص
📰 nypost

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Real Estate أخبار

California,Homeowners,Luxury Real Estate

Although the cost of living seems extortionate almost everywhere you go these days, some cities in the world are considered “impossibly unaffordable.” According to the Demographic International Housing Affordability Report, US cities on the West Coast and Hawaii were high up on the list.

A home in a ritzy San Francisco neighborhood, which usually sees property sell for millions, hit the market for a head-scratching price — but prospective owners won’t be allowed to move in for nearly 30 years.

The current tenants may also have occupancy rights for the next 29 years, which means buyers can formally move into the home in 2053. San Francisco home in trendy Russian Hill nabe fetches only half of its $20M asking price in crime-ravaged city The real estate market site gives the home a current estimate of $526,500 as of June 2024, a steep decline from when it was valued at $1.5 million last month.

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