A small but enticingly affordable piece of land over on Telegraph Hill just hit the market for the fifth time in 15 years, with the biggest question being whether it will ever be useful to anyone, for anything.
When any property hits the market in San Francisco for a price as low as $150,000, you immediately must assume that it is beyond repair or will at least require terrific expense to become anything of use to anyone. Such is the case with a parcel of land known as 202 Union Street, which has popped back on the market multiple times over the years as its owner(s) tries to game something out with it.
Socketsite calls attention to the latest listing for the land, which is hemmed in on all sides and has no direct access to any existing street. The listing describes the 1,470-square-foot parcel as a "Fun way to buy a Prime piece of San Francisco," but commenters have also noted that it's also a "fun" way to potentially lose money via property taxes. Its current owner appears to have put it on and taken it off the market multiple times in the last several years, listing at one point in 2019 for $500,000, but now we're down to $150,000, which is below the $200,000 they were asking back in 2016.