A beautiful three-bedroom home in a sought-after San Francisco neighborhood has hit the market at $488,000 – less than half of what it’s worth.
But before prospective buyers reach for their wallets, there is a catch.
Any new owner may not be able to actually live in the house until 2053, and they won’t be receiving much rental income in the meantime.
The home is currently occupied by a protected tenant who pays just $416.67 in rent a month and has ‘possible occupancy rights until 2053’.
Despite the unusual arrangement, there were queues around the block to view the property and as of Sunday, it is already under offer.
The house is a fully-detached, Edwardian-style single family home at 30 North View Court in San Francisco’s popular Russian Hill neighborhood.
Its low listing price immediately drew attention as the property can generate an estimated $3,360 rent a month, according to the Redfin advert.
