Historic 1900 Home Offered for Sale for One Dollar
A historic house in Maine is on the market for one dollar, but the buyer faces the significant challenge of relocating the structure within the next few years.
A historic house in the coastal port city of Bath, Maine, has hit the real estate market for just one dollar. However, the buyer must relocate the building from its current site, or it will face demolition.
The shipbuilding company General Dynamics Bath Iron Works announced it is selling two residential buildings for one dollar each, including the "Deering House," built around 1900 and located at 606 Washington Street. The buyer is required to move the buildings to a legally permitted site by November 20, 2027.
The Deering House was originally the home of Gardiner G. Deering, a prominent shipbuilder who helped establish Bath’s reputation as a major shipbuilding hub in the late 19th and early 20th centuries. Today, the structure serves as office space, with tenants holding a valid lease until November 2027, as reported by WMTW.
Bath Iron Works notes that the buildings are being sold in their current condition, without warranty. The buyer is responsible for all relocation costs, including permits, approvals, licensed structural movers, site preparation, foundations, and infrastructure.
"It is important for General Dynamics and Bath Iron Works to continue to grow as a company and employ thousands of residents in Maine. We are looking for ways to improve our facilities," said Jolene Nickerson, director of infrastructure capital assets at the company. "The hope is that there is someone who has a lot available to move the structure to, and that it is financially viable for someone interested in the house to move it and preserve its historic character."
If no buyer steps in to save the residence, it will be demolished to make room for a new facility. The idea of moving a historic home in Maine is not unprecedented. Last May, a 575-square-meter house designed in 1899 was moved about half a kilometer across the city of Augusta. The 54-ton structure was split into two parts and transported to a new lot, with the total project cost exceeding half a million dollars.
