What's the market value for a ghost town?

by Jamie Henry20 Oct 2014
Just in time for Halloween, Auction.com is selling a ghost town in Connecticut for less than $1 million.

Johnsonville Village, in a section of East Haddam, will go for $800,000 on Oct. 28, according to an Auction.com. Not too bad for your very own Connecticut village.

The 62-acre property comes with eight 19th century structures, a pond, a covered bridge, wooden dam, waterfall and the possibility of a restless spirit or two, the release said.

In the 1960s, a man named Raymond Schmitt purchased the property with the intention of turning it into a tourist attraction. However, Schmitt had a feud with local officials and eventually closed down the village and sold it, according to the Boston Globe.

The Hartford Courant reported that MJABC LLC has owned the property since 2001, though it has been deserted for years.

The brokers at RM Bradley are hoping that the village’s dilapidated condition, the result of years of neglect, will be a selling point. The spooky connotations of an abandoned old New England village are precisely why Jim Kelly, senior vice president of RM Bradley, put the ghost town on the market just before Halloween.

To watch a video for the listing, visit REP's American sister site, Mortgage Professional America, here.



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