Adobe Stock / "vadim yerofeyev"

In Fremont, Calif., a home that was condemned in 2013 and has holes and mildew in the interior recently sold for $1.23 million, KTVU staffer Jesse Gary reports.

The home has three bedrooms and two bathrooms and was purchased with cash. Realtor Larry Gallegos said the seller chose from one of five all-cash offers, a sign of just how hot the Bay Area real estate market is.

[Gallegos] said the sellers are a family unable to come to a consensus on owning, and decided to sell. The buyer designs green homes, and plans to put a four-thousand square foot masterpiece on that large lot. He actually paid $230,000 over asking price.

“There’s nothing surprising about this. It’s a great example of location, location, location,” said David Stark of the Bay East Association of Realtors.

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