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Expensive Mansions That No One Wants to Buy

Posted by Bill Rippel on January 22, 2023 - 1:12am


8. The $10 New Jersey Mansion – New Jersey

On the Market Since: 2017 
Total Area: 4,000 square feet
Initial Value: $10*

No, we’re not kidding. This house was originally $10 when it was put on the market, and it has remained at $10 to this day The home is a historic New Jersey house that measures 4,000 square feet. It is not, however, the bargain of the century for one major reason.

As a FOX article said when it was initially listed, there’s a catch: any buyer would be contractually obligated to physically move the actual house itself off the land. The New Jersey town’s planning board approved a subdivision for the land the house is on, which means that the second you bought it, you’d have to move it. Since that’s humanly impossible, you’d have to buy the land under it back from the city, which wouldn’t be cheap. 

M H That is US mess :-)). How can be a house placed on ground which does not belong to the same owner ?? I think in Europe it is not possible. :-))
January 22, 2023 at 11:16am
Otto Knotzer Thanks for sharing
January 22, 2023 at 5:51am