Who Says $1 Won't Buy You Anything?

Want an amazing deal? How about a sprawling, two-story farmhouse in Leesburg, VA for $1?

The catch: The land underneath is not for sale, and the buyer will have to pay to have the house carted away.

When Loudoun Country Day School moves this summer to a new $32 million, 70-acre campus, the eight-acre lot it is vacating will be turned into an assisted-living residence for 87 people.

In its application for a special-use permit for the site, the company agreed to investigate the history of the farmhouse and make it available to buyers interested in moving it. The 2,500-plus-square-foot house has been altered by the school, which uses it for offices and an after-school program. Whoever buys and moves it will need to get permission from the town, the county and possibly the Virginia Department of Transportation.

Cost would vary depending on how far the house had to go and how many utility lines it had to cross. But just to move it a few feet down the road, an operation that would involve lifting it off its foundation and attaching it to a tractor-trailer, would cost a minimum of $25,000.

After running two newspaper ads, the company received calls from about 10 interested buyers. Three offers were serious: a nonprofit organization, a medical facility and someone who wanted to convert it to short-term housing.

For more information about housing deals in your area contact bill.swanson@cbshome.com.