That’s Pretty Expensive for a SF Teardown: $7 Million

San Francisco’s very desirable neighborhoods fetch rather stretch-the-imagination dollars for houses that are destined to be bulldozed down. The homes are broken down, unkempt eyesores, but the location is a treasure. Thus big bucks for ramshackle homes. The latest case is the 3669 21st Street home in Dolores Park, which is a hot spot in the city. The house is close to where the Zuckerbergs of Facebook fame recently made their San Francisco homestead.

The house once was a proud Edwardian of 1900 vintage, and perched atop Dolores Heights. It’s a modest size, with two beds and one bath and stretching out at its best days at 1,071 square feet. But the lot it sits on is a whopping 6,926 square feet. That is a zinger of desirability. Plus, the views are 180 degrees.

The last change of hands was in 1973 for $62,500. The listing for $7 mil describes the house as “distressed.” Another Dolores Heights teardown went on the market last fall at $3.29 million, has not sold yet and is now listed at $2,799,000.