Put Some Money Down - and Buy Yourself a Town 

A couple of weeks ago, the little town of Wauconda, Washington went up for sale on eBay.  It has no town hall, police station or fire department but it does, however have a zip code and a post office. 

The town's owner, Daphne Fletcher, said she never expected it to draw the publicity that it has.  The internet auction of the tiny town has been widely reported on television stations, radio stations and in the newspapers.  It turns out that the impending sale of the town is the biggest news event it has ever had. 

Although Fletcher had set the minimum bid at $359,000, earlier in the week it had only attracted a high bid of $155,100.  But, possibly due to all of the news coverage, by Saturday morning 108 bids had come in with the highest one at $370,000. 

Two years ago, she put Wauconda put up for sale with a Realtor at a price of $1.1 million, perhaps a bit overpriced, and did not even get a nibble.  Now, Fletcher is trying her hand as a FSBO and handling the transaction by listing it on eBay. 

The auction will be open until Friday with a bid of $495,000 as an automatic deal.  

The winning bidder will become the owner (and possibly mayor) of their very own hamlet complete with a restaurant and bar, gas station, convenience store and a four-bedroom home. 

An entire town for $495,000?  It sounds like a good deal to me!

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Copyright 2010 "Put Some Money Down - and Buy Yourself a Town" 

 Claudette Millette, Broker, Owner, The Buyers' Counsel - (508) 881-6230

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