This 125-year-old historic house is on sale for just $1. But there's a catch
A historic 125-year-old house in Bath, Maine, is being sold for $1 by General Dynamics Bath Iron Works to clear land for facility expansion. The buyer must relocate the structure by 2027, a process that could cost hundreds of thousands of dollars.
Why it matters
This illustrates the tension between industrial development and the preservation of local historical heritage in the United States.
A historic home in United States's Bath, Maine, that was once owned by a prominent shipbuilder is being offered for just $1. But whoever buys it will have to move the entire house to a new location or risk seeing it demolished, the New York Post reported.General Dynamics Bath Iron Works is offering two residential buildings for $1 each, including the circa-1900 Deering House at 606 Washington St. The company plans to clear the site for a new facility.A $1 house with a big catchThe buyer must move the Deering House to a legally permitted site by November 20, 2027. If no one takes on the challenge, the historic property could be demolished as part of the company's expansion plans.The house is being sold “as is, where is,” with no warranties, according to Bath Iron Works.
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