Albert, Texas: Mint condition, 13 acres, low reserve!!!
- November 24th, 2007
- 4 Comments
A man in Italy bought the small Texas town of Albert on eBay for $3.8 million on Friday. That’s awesome. I wish I had my own town. Lucky jerk. Good for him, though.
Nobody currently lives in the town, but there’s a bar that’s open on the weekends. Go figure. The town is about 13 acres large and includes "a pavilion, an 85-year-old dance hall, a tractor shed, a three-bedroom house, plus peach and pecan orchards."
That actually sounds like kind of a good deal for $3.8 million even in light of the fact that the reserve price was set at only $2.5 million. Apparently this is the second town to be sold on eBay (Bridgeville, California was the first).
Whisky (Who am I?)
10 months ago
It’s sorta like the Luckenbach thang
Witsy (Who am I?)
10 months ago
Gee, My mother-in-law has 280 acres and I can only imagine she would LOVE to get $3.8 million for it. I guess all I must do is get her to set it up as a town. Geez.
Soda Pop (Who am I?)
10 months ago
So what does “buying a town” mean? Does the town generate positive income? Will he be able to levy taxes like a king? It kinda sounds like that this town is worthless.
fat albert (Who am I?)
2 months ago
Lets see-
A)13 acres in rural texas = thumbnail value 15,000 +/- 5%
B)various dilapidated structures on property = negative 10,000 USC to demolish
C)Small antiquated home on site 15,000 USC, +/- 10%
total assessed valuation = 20,000-22,500 USC
Price paid = 3.8 million
conclusion- the stupid rich walk the earth, be afraid, be very afraid