The feeding frenzy at 949 Hampshire in the Mission in early October wasn’t surprising: A large Victorian project house had just hit the market for $599,000. The property had been in the same family for many years, and was officially ready for its next owners.
The broker tour was overrun with couples eyeballing the possibilities for building sweat equity, alongside contractors taking measurements of various rooms. All the signs for potential value increases were there—large garage, four bedrooms, “good bones.” There was even a stove in the kitchen (above) to help the property pass the appraisal!
The listing office received six offers from three contractors and three “end users” who intended to fix up and live in the property. (The buyer turned out to be one such end user who lives in the neighborhood, according to the listing agent.)
Hampshire closed last week for $740,000. So in case you’re wondering what you can expect to pay for property of this sort—that’s located somewhat on the outskirts of the Mission—now you know.