The lowest priced house in Oakland California $235,000

[Demovictory9]

Former squatter house without running water in Oakland priced at $235,000
By Amy Graff, SFGATE Updated 3:38 pm PST, Thursday, January 31, 2019








It's currently the lowest-priced home in Oakland, and might offer a patient, ambitious buyer who wants to squeeze into the Bay Area real estate market an opportunity.

The tiny, ramshackle house with 364-square-feet at 7010 Herbert Guice Way near the Oakland Coliseum is priced at $235,000 — which requires a $47,000 down payment if you put down 20 percent.

The roof leaks and the exterior paint is peeling, but the interior is clean and tidy, if unassuming.


https://www.sfgate.com/realestate/article/7010-Herbert-Guice-Way-East-Oakland-real-estate-13573432.php#photo-16856929

[shraby]

1. I can't imagine anyone EVER paying that much that.

I have a house for sale that has 4 bedrooms, 2 bathrooms, 2 -30x50 garages, a storage shed, and almost an acre of land. For $194.900

[Demovictory9]

4. Townhouses in my area start at $400,000.

[Demovictory9]

5. I cant imagine a house with land for 194k in south cali

Not even a one bedroom condo

[Blue_true]

13. Do you live in the Bay Area or East Bay?

Whole different world there my friend.

[Adsos Letter]

18. This

I live in the East Bay. 1,400 sq. ft. starter home (now 28 years old) well maintained, but not in a particularly desirable neighborhood (very safe, but not particularly attractive). Small lot, but at the end of a court with green belt on two sides.

Currently appraised at $610,000.

It is, indeed, a whole different world.

[shraby]

23. I live in Wisconsin about a block from Lake Michigan.

[msongs]

2. "tiny houses" are very trendy these days. nt

[Demovictory9]

9. Super cute ones one wheels

[Blue_true]

14. The buyer bought the lot, look at the size of that lot.

My guess is the house gets hauled away and a condo with off street parking gets put up.

[FirstLight]

3. That says nothing about the neighbborhood...

by the Coliseum is sketchy AF, not to mention airport traffic and the crazy that the coliseum brings... yikes.

[Revanchist]

6. According to Zillow

That would get me a 2,200 square foot home on 50 acres of land. That's the only local one at that exact price. Won't say where so I won't dox myself but it is in southern Missouri

[Historic NY]

7. My back garage is bigger than that...

it was built with the eye to make it an in-law apt. 600 sq ft. Its insulated, new roof, expensive shingle like vinyl siding, new deluxe windows and screens, has electric, cable, internet and phone lines. Just waiting to put in a sheet rock ceiling that never got done. I plan on putting LP gas for winter months so we can work on my collector cars.

[Demovictory9]

8. Sf market value 800k

[Historic NY]

16. NUTS!

[smirkymonkey]

10. Parking spaces go for that much in Boston.

Real estate is insane in this nation's large cities. It's amazing anyone can afford to live in a decent home unless they are raking in salaries in the mid to high six figures.

[Demovictory9]

11. Or rolled in equity from prior home

[DFW]

26. It's insane in MOST of the world's large cities. Some of the smaller ones, too.

One of my guys here in Europe inherited the very modest house (actually half a duplex) he lives in from his dad. If he had lived in a country with US-style inheritance taxes, he would have had to sell it (since he couldn't afford both the inheritance taxes and paying off equal shares to his siblings) and move to someplace way out of town or even across the border, although that would have put him in an EU country, which he definitely did NOT want. His city has a population of about 200,000, though over 40% is foreign-born. Many purchases of houses these days are sales to price-is-no-object members of the Russian mafia/oligarchy, looking for safe havens in which to educate their kids without fear of them getting kidnapped. They don't grant residence visas to just anybody, but a $15 million investment is usually enough to do the trick.

In the home town of my sister-in-law, most people who work in town come in by commuter train, and often travel 2 hours each way to and from work, because no one can afford to live in town, and her home town of Tokyo is not exactly a small village.

[Blue_true]

12. Believe me, they paid for the lot.

The house will likely be hauled away somewhere. That lot can support 2-3 larger houses. I have professional acquaintances that live in Santa Clara, Calif, a house on a postage size lot in a desirable location runs close to $750,000. Closer to San Francisco, it gets ever more sublime.

[Brother Buzz]

19. Um, its a modest 2,299-square-foot lot.

It's a tear-down for sure, but dimes to donuts they will build 'up'.

[enid602]

15. Running wTer

The third photo shows a toilet. How can you have a toilet without running water?

[Demovictory9]

17. Water turned off? Pipes broken?

[Brother Buzz]

20. The Pump Don't Work Cuz the Vandals Took all the Handles

The evicted squatters ripped the pluming out for scrap metal.

[JI7]

21. plus renovation costs. but probably still a better deal than renting

as long as you have stable decent income .

[SammyWinstonJack]

22. Which is why there is a growing trend to move into RVs/vans in these

areas. As one who has lived in an RV continuously for the past 6 yrs, I can tell you that we are not homeless. We are happily houseless. We can afford this lifestyle and bonus, if we don't like where we are we can move. If not retired, we can work remotely or chase seasonal jobs. It's a freeing lifestyle.

[SMC22307]

25. That life intrigues me.

I've had two major household outlays since the start of this year and think more and more of selling and hitting the road. Won't work now due to work (4 days at home/1 in office for meetings) but maybe some day.

[SMC22307]

24. For someone who can afford it, tear it down...

build a two- or three-story container home and add lots of gorgeous tall landscaping for privacy. Looks like even a small driveway could be built off to the side.

Things are definitely out-of-whack in so many areas of the country -- a shack for $235K.

[winetourdriver01]

27. not for the house

It's the land that is so valuable, not that house.

[LongtimeAZDem]

28. This is why there are so many California license plates around here now

That much money can buy you a 4 beds, 3 bath, 2,142 sqft two-story in some parts of town.