Owning a mansion is a privilege in itself because not all of us can afford one! But what if there was a palace-like home available for less than the cost of your dinner? Maybe you should try investing in this house. But wait! No one wants to buy it?
1. The House In Question
This mysterious house was in Montclair, New Jersey. If you ask us the age, then well, it is around 111 years old! However, after the house was put on the market, the price gave many people an uneasy feeling that they haven't experienced before. So get ready for the next blow.
2. Affordable Luxurious Mansion
What are some of the things that you can buy for less than $10? Are you thinking of granola bars, chocolate chip cookies, and even earbuds? Surprisingly, besides these things, you can also afford this 111-year-old Montclair mansion for only $10! How can it be true?
3. Perfect Location
This property was based in the suburban town of Montclair. A scenic area full of friendly residents here might give you every reason to proceed with that ten-buck buy. What's more, it is also surrounded by many restaurants, schools, and entertainment facilities. With so many amenities, why did no one come forward to buy this house then?
4. The History Of This Mansion
Before we reveal the answer, let's talk about the mansion's history first. Its story can be traced back to 1906 when a renowned architect, Dudley S. Van Antwerp, designed it. Van Antwerp was also the brains behind some of the most remarkable constructions around, like the Yacht Club in Bayside, Long Island, and the Montclair Watchung Avenue Congregational Church. With such a famous providence, why did no one buy it?
5. The Previous Owner
Moreover, the mansion was previously owned by the first African-American athlete to captain the famous Notre Dame football team, Aubrey Lewis. Noteworthily, Lewis was a member of the first FBI agent training program to include black people. However, something undesirable happened after his death.
6. A New Plan For The House
After Lewis had passed away in 2001, his house was bought by the BNE Real Estate Group. They eventually decided to build eight other homes on the property. However, this proposal fell through, leaving behind an orphaned mansion with a shocking catch.
7. Retaining The Historical Significance
In fact, the BNE realtors had halted their plan even before they'd made any progress. The true reason was: they'd signed an agreement with the Montclair Historic Preservation Commission. The main aim was to retain the estate's historical significance. But how did that contribute to such a low price?
8. The Huge Trick
Well, you might think we're kidding around, but the realtors had themselves tagged the Montclair mansion's price! They are not new to the real estate business, and selling properties has been their business for years. Still, they have put this particular house for sale for no more than just ten bucks, and that was where the big catch came into play.
9. More Advantages
Van Antwerp's creation was a huge Colonial-style structure. The house itself was around 4,000 square feet and sat peacefully on a two-and-a-half acre plot. You'd think that there was plenty of room to put up more buildings and amenities on the scenic land. But all these specialties will fade away when you discover the huge catch this house had in store for its buyer.
10. Interior Details
This Montclair mansion comprises six bedrooms and three-and-a-half bathrooms! Its carriage house and private exterior tennis court make it stand out from the crowd. So how did it end up on sale for such a low price?
11. The Market Value
Given the out-and-out size and the vast portfolio of amenities, this mansion was given an estimated market value of $1.35 million. Although that might sound exclusive and expensive, it's no surprise given that many houses in the neighborhood sell for around this price. That price of $10 starts to sound even weirder.
12. The Hidden Catch
You may ask: is it haunted or something? Sometimes, haunted or literally "abandoned" properties are put on sale for an affordable price. However, this particular huge and lavish mansion wasn't haunted by any measure! So, if this house was perfectly normal, why did no one buy it then?
13. Shocking Requirement Along With The Purchase
The shocking truth was: whoever purchased the mansion needed to agree to do something to be able to go ahead with the purchase. If you still think that $10 outlay is worth any requirement, you'd better read on.
14. Some Big Responsibilities
It turned out that the buyer had two responsibilities: firstly preserve the property's historical significance, and secondly handover the land to BNE, who planned to undertake future projects. But how could it be possible since the century-old house had stood there such a long time?
15. The Only Solution
On the one hand, the Montclair Township Planning Board had approved a subdivision of the land with the builders BNE; and on the other hand, the historic preservation commission had fought the proposed demolition. Hence, whoever bought the mansion would have to relocate it within a quarter-mile and foot a pricey bill for the huge undertaking.
16. Expensive Moving Expenses
The developers even offered to pony up $10,000 toward a buyer's moving expenses, though that's only a fraction of the total cost. A buyer would have had to spend $200,000 for the move, as well as purchase a plot of land nearby. Still, the six-digit estimate was way less than the $1.35 million asking price for the historic home when it was last listed for sale. So what became of the house?
17. A Pitiful Truth
Unfortunately, no one bought this estate in the end. Not only did the neighborhood lose a beautiful home, but it also lost a piece of history. The house belonged to Aubrey Lewis, one of Montclair's most successful residents. It was this impressive past that prompted the preservation commission to fight for protected historical status. The battle ultimately was lost, and now several exquisite homes starting at $800,000 have supplanted the Aubrey Lewis House.