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Palace for sale in New York for only 50 thousand dollars

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Palace

A case of amazement struck the pioneers of social networking sites, a palace for sale in New York State. It offered for sale for only $ 50,000, but the buyer must acquiesce in one condition.

A palace for sale in New York for only 50 thousand dollars

Those wishing to purchase a 6 thousand square foot Victorian mansion must present their restoration plan to the historic property.

The date of construction of the palace

The palace built-in 1861 in Auburn, New York, on a one-acre land.

It contains

  • 10 bedrooms
  • 5 toilets
  • 4 fireplaces
  • In addition to a two-storey annexe building

The city of Auburn bought the property, and the city planning department cooperated with real estate agent Michael Dirosa to find a unique way of selling.

Michael said:

Buying a property is not an auction, but a competition.
Adding:
  • “Potential buyers must state their future plans for the property, schedule, and cost of the restoration process.”

How is the winner chosen?

  • The application closed on December 18th.
  • The city council will choose the winning bid on January 8th, based on the best plan, not the best price.

Eventually, the application closed on December 18th, and the city council will choose the winning bid on January 8th, based on the best plan, not the best price.

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