Property investor bought Bay Area 'bargain' for $100,000 sight unseen - then got horrible surprise. Can you see what it is? House hunting can be expensive, but a property is selling for just $400,000 The property's current owner bought it sight unseen at an auction The peaceful, beautiful location could eventually become the perfect home By James Gordon For Dailymail.com Published: 20:03 EDT, 24 May 2024 | Updated: 20:48 EDT, 24 May 2024 e-mail 11 View comments A unique property has come on the market in California , and at a cost of $400,000 it could be a bargain for the Bay Area.
Set in the city of Alameda across the bay from San Francisco, the location occupies a unique waterfront spot with plenty of room for development. The current owner bought it for $100,000, sight unseen, at an auction in March 2023, but even at four times the price, the place is still a bargain. Realtor's are confident the location could one day be worth millions and that it will just take a buyer with vision to see it through.
A California property in the Bay Area is selling for a 'bargain' at $400,000 Realtor April Jones is confident the location could one day be worth millions and that it will just take a buyer with vision to see it through Of course, the catch is the land itself is completely underwater - something which made for a horrible surprise for the current buyer who bought it without realizing. But that doesn't mean something livable and even luxurious can't be built on the site - even i.
