Michigan house sells for $1.75 on eBay

An abandoned house in Saginaw, Michigan has sold on eBay for $1.75.

The Saginaw house was picked up by 30 year old Joanne Smith from Chicago, who out bid 7 other bidders to acquire the house. Smith told AP that she had no plans to move into the house, and hoped to sell it for a profit.

Smith isn’t left with a bill for $1.75 alone though, she’s also up for $850 in back taxes and yard cleanup costs, but either, way, a house would seem like a bargain. There’s no more houses in Saginaw quite as cheap as this one, but recent eBay sales included prices ranging from $600 through to $6000. Before you pack your bags to buy your dream home using nothing more than a credit card, a word of warning: according to Wikipedia, Saginaw is a town in serious decline, with high rates of crime.