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Cheapest Houses in the Bay Area!

By Barbara E. Hernandez
Friday, June 27th, 2008 at 1:32 pm in House Hunt, The Market.

40292664Hold onto your hats, I couldn’t believe this price either. The pictures, although showing holes in walls, don’t seem frightening but you probably would want a tour of this just to see what you’re getting into. Still, it’s in Hercules and only $99,900, so maybe it’s worth looking at? If anyone does see this, please let me know what you find! It’s 2,171 square feet, four-bedroom, three bath home with a three-car garage (it’s all about the garage for this house, isn’t it?) that was last sold a year ago for $468,948. Good luck!

MarinFairfaxA little town called Fairfax in Marin is also selling off what looks like cabins for just a hair and I mean hair below $500,000 — $499,000. Don’t know much about the area other than it’s woodsy and people who like to hike love that kind of stuff. The house doesn’t look bad, or maybe I’m immune to horror, but it’s 1,248 square feet and has a little yard. Don’t let the animals run loose because coyotes will probably eat them. Other than that, you can have a chi-chi address in Marin County

MartinsBeachSignThere are two “houses” in Half Moon Bay under $400,000 on St. Martin’s Beach Road. I was curious how something with an ocean view (and possibly access) could be so cheap, so I did some investigating and wondered if it was a place similar to Paradise Cove in Malibu. You know, the trailer park with million-dollar views of the Pacific. (Yes, you would be trailer-park trash, but hey.) It seems a bit more complex than that, though.14Martins Since 14 Martins Beach Road mentions the one-bed, one-bath is on leased land for $580/mo. with 13 years of a lease left, there may be much more to the story and explain the $209,000 price.

The other, 33 Martins Beach Road, seems a bit bigger, with two bedrooms, but also is on leased land. A I looked around, I found that that seemingly the whole parcel is up for sale, marketed as a  ”truly private” beach and 53-acre 33MartinsBeachagricultural property. Apparently they charge $10 a car to go to the beach. Man, what a racket! Price is $48,500,000. So, I guess it’s not surprising that people want to leave since the new owner could do all sorts of things to them (like raise leasing prices!)

That concludes our post on the Cheapest Houses in the Bay Area! Come by again when we look at sea and lakeside homes to beat the summer heat.

 

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3 Responses to “Cheapest Houses in the Bay Area!”

  1. Farrah Says:

    I saw that house in Hercules too. I believe the MLS report says that it may not be habitable because of structural issues.

  2. Carolyn Says:

    Yes the house is available at this price, but the cost to fix the sliding hillside is greater than the value of the home. The listing realtor is very friendly and willing to forward the reports.

  3. Angela Says:

    I viewed this property twice today (brought husband back for closer look), but only saw the outer perimeter. As of today, the price has dropped to approx. $49,900! The house isn’t condemned, but I think it should be before the rainy season. As a 1st time homebuyer on the prowl, I have to stay positive even when faced with listings like this one. The neighborhood is amazing and yet this poor home will most likely have to be torn down. I’ll be researching soil engineers and drainage contractors until I am convinced it’s a “lost-cause”.