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The cheapest house in the United States can be yours for a mere $1 – less than a cup of coffee or a bus ticket – but it might take some imagination if you want to make it your dream home.
The two-bedroom, one-bathroom house located in Pontiac, , is quite the fixer-upper, complete with features like overgrown shrubbery, a hole in the floor, and ‘exotic weeds’ that invite local critters to an impromptu garden party.
Offers will be accepted until 10am Wednesday for the bargain-priced 5,227 square foot house that hit the market this week.
The Zillow listing humorously suggests that buyers can ‘unleash their inner DIY guru’ to turn this home into a masterpiece that even Chip and might envy.
‘Unleash your inner DIY guru and embrace the challenge of turning this 2-bedroom, 1-bathroom ranch into a masterpiece that will make Chip and Joanna green with envy,’ the Zillow description writes.
The house is complete with features like overgrown shrubbery and ‘exotic weeds’ that invite local critters to an impromptu garden party
The house comes with an ‘avant-garde floor hole art installation’ that gives you ‘an authentic, unfiltered glimpse into the crawl space’
The listing, named ‘World’s Cheapest Home’ clearly depicts the chipped paint and grime covered floors
The house, originally built in 1956, previously sold for $4 ,092 in February 2022 and in 2004, it sold for the asking price of $32,400.
As of July 2023, the median listing home price in Pontiac, a city about 29 miles from Detroit, was $144.7K, trending up to 16 percent yearly.
Despite the price tag, the house offers a unique opportunity for those willing to take on an exciting real estate adventure.
‘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 writes.
‘Step inside and experience the thrilling rollercoaster of emotions as you discover every nook and cranny that’s begging for your creative touch.’
The price comes with a catch – including, a faulty roof, a hole in the floor and unfinished walls.
‘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.’
The exterior of the house looks weathered and unkept, with an overgrown lawn and out-of-control shrubbery
The price comes with a catch – including a faulty roof and unfinished walls
The listing, Magliette Atalanta named ‘World’s Cheapest Home’ clearly depicts the chipped paint and grime covered floors.
‘Let’s talk about the unique features that make this place stand out—like the avant-garde ‘floor hole’ art installation conveniently located next to the furnace,’ the listing continues.
‘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?’ it added.
The exterior of the house looks weathered and unkept, with an overgrown lawn and out-of-control shrubbery.
‘But wait, there’s more!The garden is a blank canvas waiting for your green thumb to work its magic. Imagine a garden so wild, even Mother Nature would raise an eyebrow,’ the listing writes.
The two-bedroom, one-bathroom house located in Pontiac, Michigan, is quite the fixer-upper, where buyers can ‘unleash their inner DIY guru’
‘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 writes
The bathroom appears filthy but the listing embarking on a lucrative leasing venture, this home’s potential is as limitless as your imagination.’
‘The overgrown shrubbery and exotic weeds lend an air of mystery, inviting local critters for an impromptu garden party.’
‘Investors, this is your moment to shine!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.’
‘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.’
Despite some rooms looking unfinished, due to walls with exposed wooden frames and cork insulation, the listing notes the house’s potential as being ‘a journey filled with twists and turns.’
‘Buckle up for a journey filled with twists, turns, and a whole lot of character.Don’t just buy a house—buy an experience.’
Some rooms appear unfinished, due to walls with exposed wooden frames and cork insulation
The listing notes the house’s potential as being ‘a journey filled with twists and turns’
‘Let’s talk about the unique features that make this place stand out—like the avant-garde ‘floor hole’ art installation conveniently located next to the furnace,’ the listing writes
‘Act now before someone else grabs this one-of-a-kind opportunity to own a slice of Pontiac awesomeness.’
On the other end of the spectrum, the most expensive home in America, named ‘The One,’ is a colossal 105,000-square-foot megamansion located in the Bel-Air neighborhood of Los Angeles.
The most hit the market in 2023 with a $295 million asking price.
It’s the fourth most expensive house in the world, with Buckingham Palace making the number one spot.
With an asking price of $295 million, it boasts 21 bedrooms, 42 bathrooms, five swimming pools, a 30-car garage, and even a bowling alley.
The house offers a unique opportunity for those willing to take on an exciting real estate adventure
The house, originally built in 1956, previously sold for $4 ,092 in February 2022 and in 2004, it sold for the asking price of $32,400
The house is located on 70 E Ypsilanti Ave, Pontiac, Michigan and is on sale for $1
Despite its initial asking price, it sold at auction for $126 million in 2022, setting a record for the costliest house ever sold in an auction.
It sold to a mystery buyer at a bankruptcy auction, less than half of its $295 million discount asking price.
Prospective buyers from across the globe, including the US, Middle East, and Asia, showed interest in this opulent property.
Despite the significant price difference, both homes offer unique experiences and opportunities for those looking to venture into the world of real estate.
Stephen Shapiro, founding partner of Westside Estate Agency, said the low price for the home reflected the ‘out-of-control ego’ of Nile Niami, 53, a Hollywood producer-turned-developer who started building the over-ambitious house in 2013 with the help of 600 contracted workers.
‘Most builders build a house that people can live in,’ Shapiro told the LA Times.’He built one thinking there was going to be demand for this outrageous over-the-top house.’
Niami hired renowned architect Paul McLean and interior designer Kathryn Rotondi to bring his vision to life on five acres in the hills overlooking Los Angeles.He had planned to sell the house for $500 million, but cost overruns left him in massive debt to the tune of $180 million.
The Bel Air mansion known as ‘The One’ sold for only $126 million at a bankruptcy auction on Thursday, less than half of the $295 million asking price, which was already cut down from its original price tag of $500 million
The mansion even possesses its own beauty salon, which boasts bright red walls and opaque shampoo stations
While most people would be happy with one pool, the Bel Air estate boasts five swimming pools
The sprawling complex houses 21 bedrooms, a bowling alley, private theater, a night club, multiple pools, a jacuzzi, a salon, a gym and an underground garage with two vehicle turntables.
Niami, known as ‘The King of LA mega-mansions,’ filed for Chapter 11 bankruptcy protection for his Crestlloyd company in October, after he defaulted on a $106 million debt owed to Hankey Capital.
Other features of the home include a movie theatre, ‘philanthropy wing’ for charity galas, a nightclub, an outdoor running track, and a 4,000 square foot guest house
An indoor bowling alley is yet another feature of the home, complete with digital score boards and lounge areas
Developer Nile Niami was once known as the most successful mega-mansion developer in LA
The palatial estate was subsequently placed into receivership – a form of foreclosure – last year after being listed for $340 million in January of that year.At that point, the home was pulled from auction, after ten months on the market.
Following the foreclosure, the sale of the home was subsequently blocked until November 29. It finally made its return to the market on Friday – with its price slashed by $45 million.
Niami had been attempting to regain control of the property, making a failed bid in December to launch a cryptocurrency called ‘The One Coin’ to pay off the home’s debts.
Don Hankey, owner of Hankey Capital, had accused Niami of growing too distracted to sell the home during the pandemic as the developer continued to propose new additions to the home, including scrapped plans to include a jellyfish tank.
Nile Niami, 53, a Hollywood producer-turned-developer, started construction the home in 2013, but the firm set up to build the superhome later went bankrupt
The sale set the record for costliest house sold in auction at $126 million, with an additional $15 million auction fee
Insiders familiar with the court proceedings say it will have to sell for at least $200 million just to cover the costs
Between April and August of 2020, Niami was cited five times by the City of Los Angeles for having illegal COVID parties at various houses.
The complaints accounted for a third of all of the complaints in the city over that period.
Neighbors told DailyMail.com at the time that it was like living ‘in a nightclub’ and that maskless ‘punks’ were ferried to the homes on buses.Niami had denied holding the parties.
He had also proposed living in ‘The One’ and turning it into an entertainment venue for concerts and boxing matches.
Niami had plans to turn the home into a film studio and commercial venue, using it to host new Netflix shows and start-up companies.
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