Ohio house could be yours for a measly $1 on the auction block — if no one bids
An interesting house has popped up on the radar in Delaware, Ohio, and for a lucky potential owner, it may be the deal of a lifetime.
All the buyer needs is a dollar — and a great deal of luck.
A three-story building, built in the late 1800s, that went from a university fraternity house to a nursing home, is headed to the auction block after being abandoned for more than 13 years. During that time, the home racked up over $150,000 in unpaid property taxes, a news release said.
While the home will have an opening bid that equals what’s owed, if no one jumps on it, the price will go down from there. It can potentially drop as low as $1, which will happen if no one bids.
“This is a rare opportunity for someone to acquire a unique property in a historic part of the city of Delaware,” county auditor George Kaitsa said in the release. “And it will be sold to the highest bidder without regard to any of the back taxes or assessments that are owed on the property.”
Regardless of how much the property goes for, a $45 deed fee along with a $42 recording fee will be added to the winning bid.
“If the winning bid exceeds $500, then the winner must be able to pay at least $500 on March 15 with cash, a certified check or a money order,” the release says.
The auction will be held on March 15 at the Hayes Services Building.