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.
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.