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Photo: MLS Image 1 of / 14 Caption Close Image 2 of 14 The home has major structural problems. The home has major structural problems. Photo: MLS Image 3 of 14 The entry The entry Photo: MLS Image 4 of 14 The kitchen The kitchen Photo: MLS Image 5 of 14 Image 6 of 14 The home is almost 1,400 square feet. The home is almost 1,400 square feet. Photo: MLS Image 7 of 14 One of three bedrooms. One of three bedrooms. Photo: MLS Image 8 of 14 The bathroom The bathroom Photo: MLS Image 9 of 14 Another bedroom Another bedroom Photo: MLS Image 10 of 14 Image 11 of 14 The driveway and exterior The driveway and exterior Photo: MLS Image 12 of 14 The lot size is 5,600 square feet. The lot size is 5,600 square feet. Photo: MLS Image 13 of 14 Another shot of the lot Another shot of the lot Photo: MLS Image 14 of 14 Nearly $2 million for a teardown in Palo Alto 1 / 14 Back to Gallery

San Francisco home prices may be out of control, but at least in the city if you pay nearly $2 million for a property, you generally get some kind of a livable structure as well. Not so in Palo Alto, where this decrepit, potentially hazardous home is on the market for $1.8 million. “Property is not habitable,” reads the listing notes. “Prospective buyers to drive or walk around property only.”

So, what do you get for $1.8 million, aside from a home that you can’t step foot in? Basically, you get a 5,600-square-foot lot located in Palo Alto, just a short walk from University Avenue, and the ability to build a new home (up to about 2,500 square feet, according to the listing notes) on it.

Sadly, you’ll be building your new dream house in a flood zone. But, according to ValleyWag, none of these issues are likely to stop a flood of offers from coming in. “Given housing trends in Palo Alto and the listing’s proximity to University Avenue,” it reads, “someone will more than likely snatch it up at that price.” Makes San Francisco seem downright reasonable, doesn’t it?

Emily Landes is a writer and editor who is obsessed with all things real estate. She also has a DIY problem that she blogs about at pritical.com.