News & Politics

Real Estate Listing in Oakland Goes Viral—$800,000 for THIS DUMP??

Image via Redfin

There I was, minding my own business, when suddenly I saw a bunch of Facebook friends reposting this real estate listing in Oakland, California. Knowing that random real estate listings don’t normally get that much play, I knew something must be afoot.

You really have to see this to believe it.

The listing has gone viral – almost 60,000 viewings as of this writing — because it really points out how insane the real estate market has gotten in California.

Not that they didn’t warn folks ahead of time. The listing comes with this disclaimer:

FIXER CONTRACTOR NEEDED THIS IS NOT FOR THE FAINT AT HEART

This home boasts 1,435 square feet of living space, three bedrooms, and two bathrooms, all for a mere $800,000. At $557/sq ft, that’s real value!

And what do you get for that price?

Image via Redfin

Image via Redfin

Image via Redfin

As my wife and I like to say, that’s a real slice of heaven right there.

The home features nine rooms, but no heating. According to public records, the home was built in 1922, which happens also to be the last time it was renovated. Sitting on a lot of 3,333 square feet, it sold in June 2019 for $590,000. Seven months later, the new owner listed it for sale at $800k. The county assessed $6,424 in property taxes in 2019.

The listing, by Re/Max Gold Natomas, can be viewed on Redfin. Just know that you must act fast. A bidding war could break out at any minute.

Seriously, between the taxes, the insane property prices, and the destruction of freelance work under AB5, it’s a wonder anyone still lives in California.

Jeff Reynolds is the author of the book, “Behind the Curtain: Inside the Network of Progressive Billionaires and Their Campaign to Undermine Democracy,” available now at www.WhoOwnsTheDems.com. Jeff hosts a podcast at anchor.fm/BehindTheCurtain. You can follow him on Twitter @ChargerJeff.

 

This article has been updated to include the name of the listing agency.