Get All Access for $5/mo

'World's Cheapest Home' Listed for $1 Sells in All-Cash Deal The two-bedroom home can be found in Pontiac, Michigan.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

The residential real estate market thrives on competitive pricing, and this $1 home sent potential Michigan homebuyers into a tizzy.

The overzealous Zillow listing for the Pontiac, Michigan, house calls it the "World's Cheapest Home" but more importantly, "a ticket to the real estate adventure of a lifetime." It's a cozy, two-bedroom, one-bathroom home that sits at a modest 724 square feet with "avant grade" features including a sometimes leaking roof and a "floor hole" located next to the furnace.

Related: The First NFT Home Just Sold for $175,000

"Whether you're dreaming of flipping for glory or embarking on a lucrative leasing venture, this home's potential is as limitless as your imagination," the listing boasts. "Buckle up for a journey filled with twists, turns, and a whole lot of character. Don't just buy a house—buy an experience."

The creative writing paid off—the home's realtor Chris Hubel confirmed to FOX Business that the house sold for $52,000 after receiving a whopping 142 offers.

Hubel, who works with Good Company Realty, said that the offer was an all-cash deal and revealed that he received over 4,500 calls from interested buyers who had seen the Zillow listing, noting that the listing had an estimated 250,000 views in just one week of being posted.

Related: This $650 NYC Apartment Is Literally Smaller Than A Closet

The listing was posted on the popular Instagram account "Zillow Gone Wild" where it received nearly 31,000 likes and hundreds of comments from viewers questioning whether or not the house was filled with "demons" or other spirits.

"Finally something within my budget," one user joked with a laughing emoji.

"I've bought worse for a whole lot more," another said.

The lowest offer that the team received for the Pontiac property was for a humbling $0.27.

"This was kind of an experiment to show that when you underprice a home, the market is just going to tell you what the true market value is," Hubel told FOX Business. "Since we did it the way that we did, we increased exposure and all of a sudden this home is marketed to the entire world as opposed to just the local market, which obviously impacts the sales price and that's a little more money."

According to Zillow, the home was last sold for $4,092 in February 2022.

Related: Internet Loses It Over Office Blatantly Converted Into Condo

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

How to Start a Freight Brokerage Business

Get your entrepreneurial destiny really moving by becoming a broker--matching shippers and transportation servicess--for the freight industry.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.