A historic, yet spooky-looking mansion in Kentucky was recently sold for one dollar.
Sounds crazy? Well it's true, says Country Living.com.
More popularly referred to as the Ouerbacker-Clement house, the Romanesque-style mansion was built for a well-off coffee merchant named Samuel Ouerbacker in the late 19th century. The businessman lived there until his death in 1922. "The House that Coffee Built", according to Allday.com, it was just one of the big, beautiful mansions that were built along Jefferson, Chestnut, and Walnut Streets - just a few blocks away from the heart of downtown Louisville.
The mansion is located in Russell, a once-fashionable neighborhood in Louisville, Kentucky wherein there were so many impressive houses back in its heyday. While the property looks spooky, one cannot deny the fact that the structure is really beautiful and impressive - if you take into consideration its distinct details.
However, just like with any property that has aged and misused, the once beautiful mansion went through so many changes, wherein at one point, it even became an office for a local tax business until it was taken over by the city in 2005. Ironically due to unpaid taxes, said the Courier-Journal.
Hence, the once grand mansion fell into great disrepair, even suffering from a partial structural collapse, vandalism, and water damage through the years.
Back in 2008, the Louisville-Jefferson County Land Bank Authority was able to sell the creepy-looking Ouerbacker Mansion for a whopping $1. The lucky owner was Scott Kremer, an architect who had a noble vision for the mansion. Kremer initially had plans to restore the building so that it can be used for community purposes. However, his plans did not fall through and he eventually had to return the building to the city.
After a few more years of being abandoned, the Ouerbacker Mansion now has a new owner when it was sold earlier this year to Oracle Design. The company bought the property for the mindblowing sum of $1. The company, which bought the property from the bank, plans to turn the Ouerbacker Mansion into an apartment. This of course, after making some much needed repairs and a full restoration of the decrepit property.
A representative for Oracle said that the property is actually just one of the 14 residential properties that their company is eyeing in Louisville. Oracle is planning to restore these properties for its historic residential rehabilitation project, according to the Courier-Journal.
