I bought mine for $95k like 6 years ago. But it looked like a crack den, had nicotine tar dripping from the walls, and is entirely uninsulated in Minnesota so that might have something to do with the price.
Today it’s worth $120k on the low end and it still looks like a place where people turn into missing persons (I did fix the nicotine tar issue though). I live in a pretty damn low COL area so if my house is worth that much then I don’t imagine that you’d be able to find a house for $90k anymore anywhere unless it’s a meth factory on top of a superfund site or something.
In my area I saw a house that was selling as a fixer-upper, needed a lot of work, the bank wouldn’t even approve mortgage for it. It was listed for $800k and it eventually sold for an all-cash offer of $1.26m. They flipped it and sold for $1.87m in less than a year.
I bought mine for $95k like 6 years ago. But it looked like a crack den, had nicotine tar dripping from the walls, and is entirely uninsulated in Minnesota so that might have something to do with the price.
Today it’s worth $120k on the low end and it still looks like a place where people turn into missing persons (I did fix the nicotine tar issue though). I live in a pretty damn low COL area so if my house is worth that much then I don’t imagine that you’d be able to find a house for $90k anymore anywhere unless it’s a meth factory on top of a superfund site or something.
In my area I saw a house that was selling as a fixer-upper, needed a lot of work, the bank wouldn’t even approve mortgage for it. It was listed for $800k and it eventually sold for an all-cash offer of $1.26m. They flipped it and sold for $1.87m in less than a year.