What Does a Buck Seventy-Five Get You? A House in Saginaw, MI
By: Diane Tuman, Content Manager | October 2, 2008
We have seen our share of houses that have sold for cheap: There’s the Detroit, MI house that sold for $1, there’s the Ferndale, WA house for $10, there’s the Grand Rapids, MI condo raffle for $100 and now we have another deal for $1.75. For a winning eBay bid of $1.75, a Chicago woman won herself a home in Saginaw, MI. Is that a bargain? Well, she will have to pay $850 in back taxes and yard cleanup costs. And, from the looks of this house, she will need to sink lots more into it to make it livable and saleable.
- Stumble it!
- Categories: Real Estate Oddities
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Jonathan Blackwell on October 6, 2008 7:50 am
I think that one could use a renovation loan.