Housing costs have gone through the roof under the inflation of Joe Biden’s administration.
Even leaving out the more exotic locales of Palm Springs, Aspen and such, it’s no longer unusual to see an ordinary family home, three bedrooms, two baths, and such, listed for $600,000. Or $800,000. Or $1 million.
In Colorado a few miles west of Denver, for instance, a one-room, 261-square-foot cabin that is off-grid, meaning it has no power, is listed for $110,000.
Of course there are rural locales where the prices remain lower, but even so, one novel opportunity has arisen in the real estate world that stands out:
A three-story building, 25,496 square feet on 1.58 acres, 11 bathrooms, six bedrooms plus a separate one-bedroom apartment, two woodworking shops, classrooms, a music room with a stage, a total of 40 rooms.
For $150,000.
It needs to be a cash sale, as mortgage companies say insurance is problematic.
It’s actually a residence, having been converted more than 20 years ago from what originally was the 1903 school in Hunter, North Dakota.
Larry and Cheryl Schuler bought it and renovated it into living space for the couple to accommodate her business in the late 1990s. She died in 2020 and he’s now moved out, looking for a buyer.
The news of the offering was documented by North Dakota journalist Robin Huebner.
The property is at 320 Second St. E. in Hunter, about 40 miles northwest of Fargo.
The report explains the listing agent CJ Anderson with Berkshire Hathaway HomeServices Premier Properties.
There is a fixer-upper element, including that the gym addition needs roof repairs and the ancient stage in a community room has fallen into locker rooms below.
Anderson described it as a “one in a million property” and confirmed inquiries already have come from across the nation.
The Schulers initially bought the school and converted it to accommodate her three-dimensional embroidery business, as they needed space for the hundreds of colors of thread and the patterns they were shipping worldwide, the report said.
They turned the entire second floor into their business and renovated living spaces bit by bit.
The report said, “They used a large open area to hold seminars for the embroidery business, with guests staying in refurbished rooms along an upstairs balcony.
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