A two-bedroom house located in Michigan, United States, has recently been listed for sale at the astonishing price of $1, as reported by the New York Post. This particular house has earned the title of the "world's cheapest home" in its listing. Situated about 30 miles outside of Detroit, the house comprises two bedrooms and one bathroom.
The listing on Zillow's realtor website describes it as follows: "Introducing the 'World's Cheapest Home!' in the heart of Pontiac, Michigan! Priced at an astonishing $1 (yes, you read that correctly), this residence is more than just a house – it's an invitation to an extraordinary real estate adventure." According to the Post, the property was previously sold for $4,092 in 2022.
Agent Christopher Hubel adds his insight, suggesting that the 724-square-foot area could be transformed into "a masterpiece that will make Chip and Joanna green with envy," alluding to the renowned "Fixer Upper" stars Chip and Joanna Gaines.
The description humorously acknowledges the state of the house: "While the roof might have seen brighter days, it's keeping you on your toes, offering an unexpected shower of excitement when you least anticipate it."
The interior images reveal scratched hardwood floors throughout the house, a bathtub covered in mold in the bathroom, and a kitchen featuring an "avant-garde 'floor hole' art installation conveniently placed next to the furnace."
The eccentric listing further characterizes the exterior of the house as "a garden so wild, even Mother Nature would raise an eyebrow. The overgrown shrubbery and exotic weeds create an air of intrigue, inviting local critters to an impromptu garden gathering."
According to Mr. Hubel's statements to Crain's Detroit Business, it remains uncertain whether his client would genuinely entertain a $1 offer. He predicts that the house will likely sell for an amount between $45,000 and $50,000 if all bids are considered.
He also estimates that renovating the home, constructed in 1956, would cost around $20,000, whereas employing a firm to undertake the work might tally up to roughly $45,000.
Regarding the $1 price point, Hubel states, "I've wanted to do this for years. A property will always find its true market value unless you overprice it. This is a chance to show that."
