House in California for 15K?

[Kathy Johnson]

There is a 2 bedroom house in Trona, CA listed for sale at $15,000.  There is only one photo from the street outside of the house and tenants are in the house so I am guessing that the unbelievably low price is due to some sort of issue about the tenants.  The inside could be totally trashed, but the outside doesn't look as bad as other houses listed for more than twice as much in the same area.

[Nathan Gesner]

Quote from @Kathy Johnson:

There is a 2 bedroom house in Trona, CA listed for sale at $15,000.  There is only one photo from the street outside of the house and tenants are in the house so I am guessing that the unbelievably low price is due to some sort of issue about the tenants.  The inside could be totally trashed, but the outside doesn't look as bad as other houses listed for more than twice as much in the same area.

The median price in Trona is $65,000 which is a 26% increase over a year ago, but it's already dropped 3% this year and is expected to go lower.

Good news: I can't find a single property for rent in Trona, so it shouldn't be hard to find Tenants.

Bad news: A 2bed/1bath trailer is selling for $45,000 so this house must be really trashed. I would consider this a D- property and the town is probably the same. It sounds cheap, but I bet it comes with a lot of headaches.