The Silicon Valley housing market is so dire, these run-down or condemned homes sold for over $1 million

Scanning San Francisco real estate listings on sites like Redfin and Zillow, you'll find many a property that has been condemned by the city, deemed uninhabitable by inspectors, and/or in need of so much TLC that tearing it down and starting from scratch is a must.

Some of those properties go for $1 million or more.

The housing market in San Francisco is so dire that neither sellers nor buyers seem to mind, though: The median price of a house in San Francisco has climbed to $1.61 million, while its sister city of San Jose clocks in at a median price of a little over $1 million. This means that any Silicon Valley valued at around $1 million can seem like a steal.

Take a look below to view some of the Silicon Valley property listings we found where properties were sold for around $1 million, basically by the virtue of the dirt they rest on.

SEE ALSO: Silicon Valley's housing market is so dire, a burned-out home just sold way over the asking price — for $938,000

First up on the list is this single-family home nestled in the Potrero Hill and Mission neighborhoods of San Francisco. It's 1,700 square feet and is also an "uninhabitable structure," according to Trulia.

There are gaping holes in the roof's shingles and the listing advises to "bring your contractor and architect and explore the possibilities."

Address:312 Utah St, San Francisco, CA

Price: $1,060,000

Similarly, this house has been pegged "condemned." The listing's description includes the warning "enter at your own risk" because of its structural instability. And yet, it sold in late March for a cool $1.2 million.

Address: 3239 Bruce Dr, Fremont, CA

Price: $1,230,000

A fire pillaged this 1,066-square-foot property in San Jose's desirable Willow Glen neighborhood two years ago. The home will need to be demolished, meaning its new owners paid $938,000 for a plot of land.

Address:1375 Bird Ave, San Jose, CA

Price: $938,000

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Contributer : Tech Insider https://ift.tt/2rRmdEq

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