Sounds like a bargain

From AP via the Santa Fe New Mexican, California town that created online bidding frenzy finally sold. For $700,000. 82 acres.

“There’s a mile and a half of river frontage. It’s very green and beautiful. Great weather,” said Krall, of Laguna Hills. “In San Francisco, $700,000 doesn’t buy you a one-car garage.”

Bridgeville, which dates to the early 1900s, includes a post office, a cemetery and more than a dozen cabins and houses. It needs a new well and several buildings need to be renovated.

In December 2002, Bridgeville became the first town “sold” on eBay. Almost 250 bids were cast during the town’s month on the electronic auction block. Bidding started at $5,000 and went well beyond the asking price of $775,000 to close at $1,777,877.

But no buyer ever appeared, no check arrived and the deal fell through.