1222 S. Pilgrim St., Stockton
STOCKTON, CA - The two-bedroom house was listed as a "fixer," but with a sales price of just $9,000-- the new owner isn't complaining.
Sam Galano, a retired general contractor, just closed escrow on what was the cheapest single family home on the market in the seven counties served by the Metrolist multiple listing service.
"It's going to be a lot of work, but it can be done," Galano said.
Galano expects to spend about $6,000 in materials and two months' worth of labor to make the house at 1222 S. Pilgrim Street habitable for his son.
Galano won a bidding war that began when OneWest Bank put the house on the market for $5,900 in June.
The new owner is responsible for paying city fines and fees attached to the property totalling about $7,000.
Galano was represented by Sheri Pritchett of Innovative Realty, who earned a $1,000 commission for closing the sale.
At just $12 per square foot, Pritchett believes the house was a bargain in spite of the penalties and amount of work required.
"I think he got a pretty good deal," she said.
by George Warren, GWarren@news10.net