You don’t have to travel to Italy to have the “real estate adventure of a lifetime” that only costs a dollar.
A run-down Michigan home was recently listed for just $1, though the agent behind the viral marketing campaign reckons it will cost a lot more.
“Introducing ‘The Cheapest Home On Earth!’ in the heart of Pontiac, Michigan!” has the Zillow entry for 70 E. Ypsilanti Ave.
“At an amazing price of $1 (yes, you read that right), this home isn’t just a home — it’s a ticket to the real estate adventure of a lifetime.”
The listing warns that buyers for the two-bedroom, one-bathroom home will need to “unleash their inner DIY guru,” which would make famed fixers Chip and Joanna Gaines “green with envy.”
“Step inside and experience the exhilarating roller coaster ride of emotions as you discover every nook and cranny that calls out for your creative touch,” wrote real estate agent Chris Hubel.
“The roof may have seen better days, but hey, it’s not leaking yet – it’s just keeping you on your toes and delivering an unexpected rush of excitement when you least expect it.”
Interior photos show worn hardwood floors throughout the home, a moldy-looking bathtub in the bathroom, a large kitchen in dire need of maintenance — and an “avant-garde ‘floor hole’ art installation conveniently placed next to the stove.”
“Who needs a traditional open floor plan when you can have an open floor plan thanks to an authentic, unfiltered view of the crawl space?” The listing quips.
While exterior photos only show the front of the house, where the small concrete porch and steps are flanked by an unruly bush and tall weeds, the listing promises a “blank canvas” garden waiting for your green thumb to work its magic.
“Imagine a garden so wild even Mother Nature would raise an eyebrow. The overgrown shrubbery and exotic grasses add a sense of mystery to the place and invite the local creatures to an impromptu garden party.”
Prospective buyers have until August 23 at 10 a.m. to submit their offers.
hubel said Crain’s Detroit Business He doesn’t think his client would actually take a $1 offer and estimates that the 724-square-foot home would cost $45,000 to $50,000 once all the bids were received.
He also said that a contractor doing the work themselves could probably remodel the 1956 home for about $20,000, but someone paying a company to do the work might have to spend $45,000.
Hubel told the outlet that the seller, a longtime client of his, owned several properties in the area.
“I’ve wanted to do this for years,” Hubel told Crain’s of the $1 asking price. “A property will always find its true market value unless you overvalue it. This is a chance to show that.”
The home previously sold in 2022 for $4,092.
Hubel hinted that the ideal buyer might be an investor.
“Whether you dream of fame or embark on a lucrative lease venture, the potential of this home is as limitless as your imagination,” the listing reads. “So if you’re a visionary, a risk-taker, or just someone who thrives on life’s little adversities, this home is for you.”