Iowa family pays $500 for new home that now must be moved
Aug. 21, 2016
DUBUQUE, Iowa (AP) — A southeast Iowa family found a new home for $500. The catch is the home has to be moved to a new site to make room for a highway project.
The Dubuque Telegraph Herald reports (http://bit.ly/2babhaG ) that 31-year-old Steve Beighley and his fiancee, 32-year-old Crystal Dimick, still believe they got quite a deal.
Moving the home to a new site will cost about $75,000. Then there is the cost of land, a new foundation and a septic sewer system. Altogether, it will cost about $200,000 for a home that appraised at $443,000 currently.
The home was one of six the city of Dubuque sold earlier this month.
Assistant City Engineer Bob Schiesl says demolishing the home would cost roughly $25,000, so even a $500 purchase is a positive.
Information from: Telegraph Herald, http://www.thonline.com