Source AP ©

Italian buyer acquires unpopulated and one-house town in Texas

An unknown Italian purchased a 13-acre (5-hectare) unpopulated and one-house town in Texas for $3.8 million (2.57 million EUR).

But before Bobby Cave, who currently owns the town of Albert, signs the deed over, he must first figure out if the winning bid is legitimate. Cave said that unlike the usual items bought through eBay, there are no contractual obligations when it comes to real estate.

"It all turned out great," said Cave, 47, an Austin, Texas, real estate agent. "There's just not any way to insist that a guy from Italy write me a check for three million."

If the deal goes through, the winning buyer will inherit an icehouse created from the frame of the old general store, a pavilion, an 85-year-old dance hall, a tractor shed and a three-bedroom house. All of that, plus peach and pecan orchards, come with the land.

The reserve price for the town was $2.5 million (1.69 million EUR). Even if the deal does not go through, Cave said he has about five other prospective buyers genuinely interested in the town.

Bridgeville, in northern California, was the first town ever put on the eBay auction block. The 83 acres (34 hectares) were twice sold on the site, in 2002 (that deal fell through) and again last year.

Albert is about 60 miles (96 kilometers) north of San Antonio.

Comments
Russian opposition activists desperately urge the West to topple President Putin
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
The Royal Wedding and the Silly Season
Skripals fall under heavy British pressure
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Skripals fall under heavy British pressure
Russian spy Sergei Skripal recovers from chemical poisoning completely
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Beautiful and terrifying: Russia shows video of Bulava ICBM underwater salvo launch
London will beg Moscow for forgiveness