Current:Home > NewsCharles Langston:This San Francisco home is priced at a low $488K, but there's a catch -Excel Wealth Summit
Charles Langston:This San Francisco home is priced at a low $488K, but there's a catch
TrendPulse Quantitative Think Tank Center View
Date:2025-04-11 00:04:27
A house is Charles Langstonfor sale in San Francisco at a price some residents may find shockingly low considering the costly Golden Gate City housing market.
The 3 bed, 2 bath home at 30 North View Court in the city's Russian Hill neighborhood is up for $488,000, according to a listing posted on Zillow.
But there's one catch: The new owner may not be able to move in until 2053.
According to the listing, the single-family home is currently tenant-occupied and to be sold as is. It's described as an "investment opportunity for just the right buyer."
"Current tenant claims SF City- tenant protection class- status," it continues. "Tenant's current lease appears to grant tenants strong long term rent rate amount restrictions, unconventional method of rental payment, and possible occupancy rights until 2053."
The listing does not clarify what the unconventional method is.
Park North Real Estate listed the house on the website June 6. USA TODAY has reached out to Park North Real Estate.
Buying power shrinks more:Report says Americans may struggle for another five years
Current tenant may live there until 2053 and continue to pay same rate
Under an agreement, the listing reades, the current tenant can possibly continue to live there until 2053 and pay the same amount of rent each month − just under $417.
It goes on to say, the tenant will also also pay their own garbage, water and electricity bills.
Should I go into debt to fix up my home?High interest rates put owners in a bind
Nearly 30,000 views in 13 days
As of Friday morning Pacific Time, the listing had been on the market for 13 days and garnered nearly 30,000 views.
The 1,100 square-foot home, built in 1924, is on a "cute" cul-de-sac. It includes a driveway, garage and fenced-in backyard, the listing reads.
Disclaimer: Former owner, 'over 100 years old,' died in home
Another catch? The listing ends with the following disclaimer:
"Seller hereby reserves the right to reject, counter and/or accept any offer... Former male owner, over 100 years old died by natural cause in home."
Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@usatoday.com and follow her on X @nataliealund.
veryGood! (7568)
Related
- The Best Stocking Stuffers Under $25
- Storm in the Caribbean is on a track to likely hit Cuba as a hurricane
- When's the next Federal Reserve meeting? Here's when to expect updates on current rate.
- Cowboys' drama-filled season has already spiraled out of control
- What do we know about the mysterious drones reported flying over New Jersey?
- The Best Christmas Tree Candles to Capture the Aroma of Fresh-Cut Pine
- When is the NFL trade deadline? Date, time, top trade candidates and deals done so far
- A courtroom of relief: FBI recovers funds for victims of scammed banker
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- The final day of voting in the US is here, after tens of millions have already cast their ballots
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Taylor Swift Takes Getaway Car to Travis Kelce's Chiefs Game One Day After Eras Tour Milestone
- Abortion rights at forefront of Women’s March rallies in runup to Election Day
- When is the NFL trade deadline? Date, time, top trade candidates and deals done so far
- New data highlights 'achievement gap' for students in the US
- Outer Banks Ending After Season 5
- Psychotropic Medications and High Heat Don’t Mix
- Dawn Staley is more than South Carolina's women's basketball coach. She's a transcendent star.
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Competing abortion proposals highlight a record number of ballot measures in Nebraska
Jennifer Lopez's Sister Reunites With Ben Affleck's Daughter Violet at Yale Amid Divorce
Kenyan man is convicted of plotting a 9/11-style attack on the US
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Mississippi man dies after a dump truck releases asphalt onto him
Boeing factory workers vote to accept contract and end more than 7-week strike
Rob Gronkowski’s Girlfriend Camille Kostek Reacts to Gisele Bündchen’s Pregnancy News