Adjacent is Barrington Hills, as well, is one of the most expensive Chicago suburbs (35 miles north west of Chicago). Executive communities of rolling hills, trees, equestian country. 
Posted on 11/01/2009 10:01:09 AM PST by Jet Jaguar
A Chicago suburb could not get anyone to fork over $1 for a home, the Belleville News-Democrat reported.
The village of Barrington, Illinois put three older homes up for sale for just $1 each, but was not able to get any interested buyers.
The suburb hopes to sell and relocate the homes in order to make way for redevelopment in the downtown area, according to the paper.
If no buyers come forward, the village will demolish the houses, which many residents say hold an historic value.
(Excerpt) Read more at foxnews.com ...
Fine. Then pony up $1 per house. It shouldn't be that hard, now should it?
What is the housing tax on a dollar home there?
Location, Location, Location
It all depends on where you put it down after you pick it up.
I have not seen a picture of the homes but I’ll bet they are pretty large.
Moving costs would be sky high per mile.
It would have to be really “historic” for somebody to buy it and move it.
“and relocate the homes”
They cost a buck BUT, the homes have to be physically moved to a new piece of property. Quite a misleading headline.
Sure. Buy this old house for 1 dollar and then pay a fortune to relocate it. What a deal. Clearly there is no land deed involved in the purchase.
Or just have it dismantled and sell the remaining pieces as scrap—which are clearly worth far more than $1.00.
$1 for the house, quarter million for the lot to put it on, and a like amount to move it. And dont’ forget its “historical” value. A commission will regulate and enforce every detail of the building’s rehab. No thanks.
My guess, in addition to paying for ‘moving’ the homes, they will have to meet some nebulous ‘historic-preservation’ value commitments after they have been moved.
Democrats NEVER miss an opportunity for eff up your life.
Their regs make the hysterical slowciety look tame.
If Valerie Jarrett won’t bite for a dollar then somethings really wrong with this investment.
Adjacent is Barrington Hills, as well, is one of the most expensive Chicago suburbs (35 miles north west of Chicago). Executive communities of rolling hills, trees, equestian country.
$1 Illinois Homes Won’t Sell
Duh. Have you seen them?
“Sure. Buy this old house for 1 dollar and then pay a fortune to relocate it.”
I don’t recall any bailout funds for house movers. Must be in the next stimulus bill.
Yea, I thought exactly the same thing. From what I can gather tho, the neighbors think these are “historic” buildings (but they’re not on any historic register) and they’d howl at such an action.
Here’s more info:
http://cbs2chicago.com/wireapnewsil/1.sale.price.2.1280667.html
You can’t see the first two on Google street view, but you can see down the street and it looks like a pretty common residential neighborhood that borders on a commercial zoned busy street. The homes are probably filled with iron pipe, which isn’t worth much, and older dimension lumber, which might be worth something. The trim and fixtures would be the only things where a big payoff could be...
Some friends of ours bought a large, old farmhouse in a similar situation and got it for a next-to-nothing bid. Of course, they had to buy a lot large enough to accomodate this house. Then they had to have it moved. Then, to their surprise, they learned that the country considered it new construction which meant that it had to be up to code. However, since it was a historical building, nothing could be done which altered its historical character, meaning that everything they did cost about 10x what it should. By the time, they got done, they realized that they could have built a similar but brand-new house for only a few thousand dollars more, a few thousand headaches less.
Things got really dicey when a waterspout appeard nearby.
In fact, I found a news article about it:
http://www.10newsonline.com/news/local/story.aspx?storyid=40446
Sorry. “County” not country.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
