House for $1 in Bay Area

[Davon Blackwell]

Good evening BP,

A developer in my area (SF Bay Area) is selling a Victorian home for $1. The catch is the home needs to be moved to another lot and plans need to be approved by the city to place the house on the new lot. The house is a 3/1.5, 1350SF, and probably needs a total rehab. The lot I'm looking at is $195k. I would budget $150k for rehab. Homes in the area are selling for $650k and up.

I have a contractor and a lot lined up, but I don't I'm not sure how much it would cost to transport the house and if there are any finance companies that can help. Does anyone in the Bay Area have experience moving a house? Can someone give me a ballpark price for moving the home? Are their any finance options that would help with the move?