The headline is a little too good to be true. $500 for a new house? Technically, that was the price tag on the home that Steve Beighley and his fiancee purchased their new home for. There is only one problem. They have to move the house.

The home has to be moved due to a highway construction project, thus the low price for the home. And that will come with quite the price tag. $75,000 just to move the house. Then you have to buy land and pour a new foundation. Altogether, the couple plans to spend $200,000 on the project. Still not bad though for a house that appraised at $443,000!

The home was one of six that the city of Dubuque sold earlier this month. The city engineer said that the cost of demolishing the home would have been nearly $25,000.


[via KCRG]