Even the most ramshackle properties in San Francisco are worth a ridiculous amount of money.

Not only that, potential buyers actually are fighting over them.

A 765-square-foot wood shack that has sat in the city’s Outer Mission neighborhood since it was built in 1906 as the area built up around it sold this week for a whopping $408,000.

It had been advertised for sale at $350,000, but the price quickly rose under competing bids. MORE