No bank loan needed here.
Three homes in Geneva, Illinois hit the real estate market at the bargain price of $1 each.
There's just one catch, whoever buys them has to move them.
“If someone would be willing to move the homes to their own property, they would sell for $1 dollar,” Colin Campbell of the Geneva Historic Homes Association told the Geneva Sun. "Somebody could wind up with a very nice home for about half the cost."
Two of the homes date back to the mid 1800s, and are located on Geneva’s east side. The other home which was built in the 1920s is located in the Downtown area. Interested buyers must know that there is a catch.
The homes in the east side are located at 122 E. State St and 130 E. State Street, they are considered among the earliest houses built in Geneva. The third home is a 1,500 square foot brick bungalow located at 215 Campbell.
The cost of purchasing one of these homes, moving it, and making the needed repairs could cost a buyer much less than simply buying the home at market value.
Campbell says he much rather preserve the homes for historical value rather than see them demolished.
Geneva will be asking for bids on June 30th.
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