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You can live in a lighthouse, a log cabin, or a schoolhouse for less than the cost of the average U.S. home

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Whilst the housing marketplace is contracting and mortgage rates are leaping, the average home in the U.S. nonetheless cost over $440,000 in the 2d quarter of 2022, according to the St. Louis Fed.

That’s now not reasonable—and houses that experience their very own distinctive glance continuously raise a fair upper price ticket. When you’re prepared to seek, then again, bargains can nonetheless can be discovered on repurposed structures.

Maximum would require some maintenance, whether or not it’s updating out of date options or one thing extra really extensive. However when you’re prepared to do the paintings, you’ll no doubt have a home in contrast to any individual else. Listed here are a few on the marketplace these days:

A lighthouse and a non-public island

Benevolence: Knight Frank

You’ll have to transport to the U.Okay. to take merit of this deal, however a Pladda Isle, a private island off the Isle of Arran on Scotland’s west coast is lately to be had for $426,268. You’ll additionally get the former lighthouse keeper’s lodging, which has two reception rooms and 5 bedrooms and one rest room. There may be a massive vary of outbuildings and a helipad.

You’ll have just about 28 acres to your self, with perspectives of Northern Eire and the south coast of Arran. The lighthouse, regardless that, hasn’t been used for a while and can want upgrading.

When you’re a birdwatcher, the island is a breeding floor and preventing level for migratory seabirds.

Knight Frank is dealing with the record.

The Pulaski Schoolhouse

Benevolence: Redlow Crew

From 1920 to 1968, the Pulaski schoolhouse noticed scholars from kindergarten to 5th grade cross via its halls in Winamac, Ind. It later reworked into a museum for the group and a home. Now it’s on the marketplace once more, with a listing price of just $329,000.

The brick development has 4 bedrooms and a couple of.5 baths and sits on a 1.2-acre lot, with 9,600 completed sq. toes (and lots of room to amplify). A 4,000 sq. foot Quonset hut is connected which incorporates a complete kitchen. Whilst the development has been transformed, it nonetheless has the fitness center and degree, in addition to 12- to 13-foot ceilings and hardwood and terrazzo flooring. The roof, home windows, electrical energy, HVAC and plumbing have all been renovated inside of the previous yr.

Redlow Crew is record the belongings.

Dry items retailer from the Eighteen Eighties

Benevolence: Keller Williams Realty of Santa Fe

This development, constructed in 1881 and positioned in downtown Las Vegas (New Mexico) has served as a dry items retailer, a the city corridor, and a prison. It’s lately a retail jewellery retailer, but it surely’s able to be known as home. Listed for $345,000, it spans 4,000 sq. toes (2,000 on each and every flooring) and provides patrons the solution to have an condominium above a retail store or a greater residential belongings.

Keller Williams Realty of Santa Fe is dealing with the record.

A Virginia log cabin

Benevolence: Hawkins Actual Property

When you don’t want a lot of residing area and are yearning the rustic lifestyles, this one-bedroom, 1.5-bath log cabin in Max Meadows, Va., could be extra your pace. Constructed in 1850 and listed at $125,000, this 2,232-square-foot getaway sits on 5.1 acres. It’ll require a good bit of paintings, as you’ll have guessed from the value. The outside logs are in position, and electric and plumbing are roughed in, however you’ll need to do the leisure.

The cabin is as regards to climbing trails, rivers and the Foster Falls, a plunging waterfall with a pool at the backside.

Diane Hawkins of Hawkins Actual Property is the record agent.

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