In San Francisco, homes are on sale at prices that some residents may find surprisingly low, given the Golden Gate City’s soaring housing market.
The three-bedroom, two-bathroom home at 30 North View Court in the city’s Russian Hill neighborhood is asking for $488,000, according to a listing on Zillow.
But there’s just one problem: The new owners may not be able to move in until 2053.
The listing states the single-family home is currently occupied and will be sold as-is, describing it as an “investment opportunity for the right buyer.”
“The current tenants are claiming protected class status with the City of San Francisco,” the article continues. “Their current leases appear to grant them strong long-term rent caps, non-traditional rent payment arrangements, and occupancy rights through 2053.”
The list does not specify what the non-conventional methods are.
Park North Real Estate listed the home on its website on June 6. USA Today has reached out to Park North Real Estate.
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Current residents can stay there until 2053 and keep paying the same rates.
Under the terms of the agreement, current tenants could continue to live there until 2053 and pay the same monthly rent, or just under $417.
It also states that tenants will have to pay their own trash, water and electricity bills.
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Approximately 30,000 views in 13 days
As of Friday morning Pacific time, the property had been on the market for 13 days and had received nearly 30,000 views.
Built in 1924, the 1,100-square-foot home sits on a “cute” cul-de-sac, and the listing says it has a driveway, garage and fenced-in backyard.
Disclaimer: The former owner was “over 100 years old” and died at home.
Another catch? At the end of the list there is this disclaimer:
“The seller reserves the right to reject, counter and/or accept any offers… The former male owner, over 100 years old, died of natural causes at the home.”
Natalie Neysa Alund is a senior reporter at USA TODAY. Contact her at nalund@usatoday.com and follow her at X @nataliealund.
