Business Opportunities Weblog

Is This The Cheapest House in the USA?

By on March 16, 2011 in News

A bottle of soda or a house?

In a 2008 eBay battle-of-the-highest-bidder, 30-year-old Joanne Smith beat out eight other bids with her generous offer of $1.75. Back taxes were about $850 and she was responsible for yard cleanup costs. She told the local newspaper she hoped to sell it for a profit. Maybe we’ll see an eBay listing for $2 soon?

The Fiscal Times has a slideshow of eight cheapest homes in the nation.

The home in the photograph is in Saginaw, Michigan. In addition to the $1.75, she also had to pay $850 in back taxes. Photo via USA Today.

real estate

Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,198 posts to the site.

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  • http://www.trianglehealthyvending.com Marc Dewalle

    Smart move. Really what you’re buying here is the land. Its best to invest an additional $5000 and have the house demolished and removed. Than sit on the land (and pay the taxes) until the market comes back. Can be a great investment if you can afford to wait a few years.

  • http://www.firstfound-blog.co.uk/ Andy @ FirstFound

    That’s a fine home, with a lick of paint.

    And some walls.

    And a roof…

  • http://wahm.business-opportunities.biz Angela Shupe

    Ouch, definitely looks like it should be condemned. I am not really that surprised to learn that it is in Michigan, though.

    I agree, the land is really where the money is.

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