Listing: $1 for 3.45 acres, what's the catch? - Posted by Brandon

Posted by Corey (ND) on January 15, 2004 at 08:02:19:

Home has been foreclosed on already. So it will be sold. Plus the septic system is in REAL need of replacement.

Listing: $1 for 3.45 acres, what’s the catch? - Posted by Brandon

Posted by Brandon on January 13, 2004 at 22:34:32:

There is a listing on realtor.com of $1 for 3.45 acres. I was wondering what the catch is to this or is there one? Why would this be on there? Has anyone else seen this? (I’m a newbie, so just curious). Thanks.

Here’s the site…realtor.com® | Homes for Sale, Apartments & Houses for Rent

Here is my $1 property. - Posted by Corey (ND)

Posted by Corey (ND) on January 14, 2004 at 21:07:28:

In our local MLS there is currently a home listed for $25K. Needs some minor rehab. Standard ranch home with single garage. Not a bad house at all.

One MAJOR problem. Home is in city limits on a river lot. Has a private septic system and well. It was grandfathered in. NOW if it sells you have to hook to city sewer and water. The nearest are a city block away AND they are too shallow so you would need a lift station to reach them.

Rough estimate to do this work. About 60K. Value of home after all is said and done 60K MAX! Current value of home $1.

Re: Listing: $1 for 3.45 acres, what’s the catch? - Posted by GL(ON)

Posted by GL(ON) on January 14, 2004 at 08:01:05:

How should we know? Why don’t you ask the agent?

I have often seen big office buildings listed at $6, $8, $10. That’s not the price of the building it’s the rent per square foot LOL.

I could tell you about properties that sold for a dollar. A friend of mine bought one last year.

I could also tell you about properties I would not buy for $1 because it was more than they are worth.

Man you… did that again? Search for 1$ prop - Posted by Brad MI

Posted by Brad MI on January 13, 2004 at 23:13:12:

Man you… did that again? Search for 1$ property

Could it be leased for 99 years? - NTXT - Posted by Brent_IL

Posted by Brent_IL on January 14, 2004 at 23:59:47:

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