You don’t have to go to Italy for a “real estate adventure of a lifetime” that costs just a buck.
A decrepit Michigan house was recently listed for only $1, though the agent behind the viral marketing campaign believes it will go for much more.
“Introducing the ‘World’s Cheapest Home!’ in the heart of Pontiac, Michigan!” boasts the Zillow listing for 70 E. Ypsilanti Ave.
“Priced at a mind-boggling $1 (yes, you read that right), this home is not just a house — it’s a ticket to the real estate adventure of a lifetime.”
The listing warns the two-bedroom, one-bathroom house would require a buyer to “unleash your inner DIY guru” that would make famous fixer-uppers Chip and Joanna Gaines “green with envy.”
“Step inside and experience the thrilling rollercoaster of emotions as you discover every nook and cranny that’s begging for your creative touch,” realtor Chris Hubel wrote.
“The roof might have seen better days, but hey, it’s not leaking yet — it’s just keeping you on your toes, providing an unexpected shower of excitement when you least expect it.”
Interior photos show scuffed hardwood floors throughout the home, a moldy-looking tub in the bathroom, a nice-sized kitchen in dire need of TLC — and an “avant-garde ‘floor hole’ art installation conveniently located next to the furnace.”
“Who needs a traditional open-concept layout when you can have an open floor plan thanks to an authentic, unfiltered glimpse into the crawl space?” the listing quips.
While exterior photos only show the front of the home, where the small concrete porch and steps are flanked by an unruly bush and tall weed, 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 weeds lend an air of mystery, inviting local critters for an impromptu garden party.”
Interested buyers have until Aug. 23 at 10 a.m. to submit their offers.
Hubel told Crain’s Detroit Business he doesn’t believe his client would actually accept a $1 offer, and estimated the 724-square-foot home would go for $45,000 to $50,000 after all offers are in.
He also said a contractor doing the work on his own would likely be able to revamp the 1956-built home for about $20,000, but someone paying a company for the work might need to spend $45,000.
Hubel told the outlet the seller, a longtime client of his, has 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 overprice it. This is a chance to show that.”
The home previously sold for $4,092 in 2022.
Hubel hinted the ideal buyer might be an investor.
“Whether you’re dreaming of flipping for glory or embarking on a lucrative leasing venture, this home’s potential is as limitless as your imagination,” the listing states. “So, if you’re a visionary, a risk-taker, or simply someone who thrives on life’s little curveballs, this home is calling your name.”
