A dilapidated house in Oakland, CA dating from 1905, with rotting wood, peeling paint and, oh by the way, just happens to be located in an up-and-coming trendy neighborhood, just sold for $755k – over a quarter million dollars over its asking price! According to the SFGate, people were lined up out the door during the open house for this one-bedroom, two-bath bungalow. Apparently the owner purchased the home in the 70’s but hasn’t lived there in decades. Investors, take note….
“At least 200 people came through,” Juskys said. “There was a little boy down the street who opened up a lemonade stand and was selling lemonade, popcorn and cookies to all the people coming to the open house.”
