Washington Town sells for $360k on eBay

By
Education & Training with Professional Investors Guild

With the home prices dropping townaround the country it’s no surprise to find a great deal on a home, but now it looks as if the bargains have extended even further than we ever thought possible.

There are always a number of unusual items for sale on eBay, but it’s not every day that you see an entire town go up on the auction block. The fetching price for tiny Wauconda, Washington was a mere $360,000, which sounds like a veritable bargain, especially if one of your dreams in life is to own your own zip code.

Wauconda consists of only a restaurant, a small store, a gas pump, a four-bedroom house and that very exclusive zip code. Nevertheless, seller Daphne Fletcher claims to take in about $300,000 per year mostly thanks to the summer travel season with tourists passing through. The new owners of this quaint little town, Maddie and Neal Love, came in and sealed the deal after a protracted month-long bidding war. Who was the other competing bidder? It happened to be a nice young boy who tried to “surprise his parents” by buying a town. Not a bad anniversary gift, I guess.

Amazingly, this is not the first time an entire town has sold on the well-known auction site. Bridgeville, California sold for $1.78 million in 2003 and tiny Albert, Texas went up for a $2.5 million reserve price in 2007, among others. What kind of weird things have you seen up for sale on E-bay? I’d love to hear your thoughts…

 

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