Abandoned South Dakota Town on Sale for $250k

Re:Abandoned South Dakota Town on Sale for $250k by simmons on Wednesday December 02, 2015 @09:16AM (#10663006)

It looks like the only way this land could be remotely considered a town is its history -- there was once a post office and 40 people living there. That was apparently enough to get its name on the highway sign. But it's not an incorporated entity, and doesn't appear to have any substantial number of historic buildings left standing, so it really is just a piece of property for sale. You couldn't be your own mayor (as the article implies you could do) any more than I could declare myself to be mayor of my house.

On a side note, I was driving through rural South Dakota around ten years or so ago and stopped to eat at a small town diner. I checked out their bulletin board and was floored that someone was selling a house for $10k. So maybe the area could be a good deal for someone looking to get away from it all. :)

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Re:Abandoned South Dakota Town on Sale for $250k by bovermyer on Wednesday December 02, 2015 @09:56AM (#10663259)

As someone who has lived in South Dakota previously, yes, you can buy property for pretty cheap - including, even now, houses for 10-20 grand.

However, keep in mind that at that price point, you're usually forgoing things like reasonable Internet, neighbors closer than a mile away, and any kind of nearby amenities whatsoever. Oh, and the house usually needs a ton of work, and the basement is guaranteed to be damp at best, if not moldy.

$250k for a 6 acre plot of land with only one good structure on it seems overpriced for the region. I bought a 5.5 acre farm with a good house, garage, workshop, and sturdy fencing for $70k. Later sold it for $100k.

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