Can't beat the price: City buying Deane Blvd. home for $1
You can't beat the purchase price on 1922 Dean Blvd. This quaint one-story home in an attractive neighborhood between West Boulevard and Taylor Avenue is selling for $1.
The city purchased the foreclosed home from the county for a buck. Of course, the house is a major fixer-upper, but there are usable pieces, said Jean Wolfgang, an associate planner in the city development department.
As it stands now, the house is unlivable. It has big holes in the roof and the interior has mold issues from water damage. But the foundation is in good shape and the site plan is workable, Wolfgang said. The city plans to work with Habitat for Humanity knock down the house to its first-floor decking and rebuild a single-family home on the foundation.
Wolfgang said there are many "wins" with this house. The county is saving about $10,000 by not having to demolish the home, the city removes a blighted property from a nice neighorhood and Habitat uses its volunteer labor to provide an affordable home to a family with a no-interest mortgage, she said.
The city and county are in the final stages of working out the property transfer. Along with the $1 purchase price, the city will pay about $4,500 in outstanding taxes, special assessments and fees.
Once the city secures the property, Habitat will make a presentation to the city's Loan Review Board including design and cost. If the board approves, work will begin on building the new home.
Photo-Top: 1922 Deane Blvd.
Photo-Middle-Right: The home's roof is in rough shape.
Photo-Bottom-Right: The surrounding neighborhood is filled with charming, single-family homes.