Kicker - A $2 million fixer-upper

MARY REICHARD, HOST: When you think of a $2 million house, what do you picture?

You’re probably imagining a rundown, uninhabitable 2,100 sq. ft. home with one bathroom, boarded-up windows, peeling paint and an unstable foundation, right?

Well, 2 million was the approximate sale price of a home that fits that exact description. It’s further evidence of just how overheated this real estate market is—especially in the San Francisco Bay area.

The house in question is a Victorian style home built in the year 1900 in the exclusive Noe Valley neighborhood, where land is hard to come by. So the soil it stands on is worth a lot more than the house itself.

It sold at several hundred thousand dollars more than other comparable fixer-uppers in the area as a result of a complex conservatorship sale. A judge approved the sale of the house on behalf of its elderly owner.

On the social media page Zillow Gone Wild, one commenter joked: “It actually has a parking space. No wonder it sold for almost 2 million!”

It’s The World and Everything in It.

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