Uphill battle: challenging hillside property in SF asking $150,000

Parcel lacks direct street access and would require extensive work

San Francisco /
Jan.January 14, 2022 07:49 AM
View of 202 Union St (Google Maps)

Even for San Francisco’s bonkers real estate market, some properties may still be a stretch.

A 1,470-square-foot Telegraph Hill parcel at 202 Union Street is described in its listing as a “fun way to buy a prime piece of San Francisco” for just $150,000, SFist reported. The catch: It’s a steep hillside that’s completely boxed in, lacks street access and doesn’t have sewage or utility lines.

The site’s been on and off the market many times in the past five years. At one point, in 2019, it was listed for $500,000. Three years earlier, it was asking $200,000.

“By itself, I don’t think it has a chance of being developed,” a realtor familiar with the listing told SFist. “You’d have to run sewage and utility lines up off of Sansome to this lot as well as perform all the necessary excavation.”

On top of the logistical challenges, a buyer would also have to deal with pushback from the Telegraph Hill Dwellers, a vocal neighborhood association.

One optimistic note: Three adjoining parcels, dubbed 1235 Sansome, are also on the market as a package deal. Yet a buyer would still have to remove a good portion of the hill to be able to build anything accessible, another reason to expect grumbling from neighbors.

The adjacent parcels had a pending sale of $998,000 in 2018, but that fell through, the outlet said. It landed back on the market in November for $1.498 million and the asking price was lowered to $998,000 last week.

[SFist] — Victoria Pruitt





    Related Articles

    arrow_forward_ios
    Rendering of Oceanwide Center in San Francisco (Foster + Partners)
    Oceanwide Center in SF up for sale once again
    Oceanwide Center in SF up for sale once again
    A photo illustration of 890 Mountain Road
    Here’s a sneak peek at a $110M Woodside estate across the street from Larry Ellison
    Here’s a sneak peek at a $110M Woodside estate across the street from Larry Ellison
    SummerHill Homes' Alexander Mehran, Sr. and Alexander Mehran, Jr. with Bishop Ranch (SummerHill Homes)
    SummerHill Homes spends $108M on 31 office park acres in San Ramon
    SummerHill Homes spends $108M on 31 office park acres in San Ramon
    An aerial of the development site (Google Maps)
    Controversial wetlands housing project gets green light to move forward
    Controversial wetlands housing project gets green light to move forward
    An ADU at 288 Union Street (Redfin)
    Wealthier San Francisco neighborhoods building more ADUs
    Wealthier San Francisco neighborhoods building more ADUs
    Dev Davis, councilmember representing District 6 in San José (California Legislative Information, Silicon Valley Association of Republican Women, iStock/Illustration by Steven Dilakian for The Real Deal)
    Bay Area developers prepare for new proposals under SB 9
    Bay Area developers prepare for new proposals under SB 9
    A rendering of Oakland A’s stadium (Oakland A)
    Oakland A’s stadium plan take another step forward with lengthy environmental report
    Oakland A’s stadium plan take another step forward with lengthy environmental report
    Rendering of group housing development 450 O’Farrell with Supervisor Aaron Peskin (Forge Development Partners, Wikipedia)
    SF may close loopholes in “group housing” developments
    SF may close loopholes in “group housing” developments
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...