I think the point may just be that the price was pretty aggressive, not that it should necessarily be done.
I was also wondering if the pipe organ works, or is close to working. I don't even have an estimate of what that might be worth but it wouldn't surprise me that it alone would be more than what they paid for the place. Again, I'm not saying I would want them to do that, just that that may be pretty valuable on its own.
But on the flip side, I can see why they had a hard time finding a buyer. Even were it ready to live in on day one, it would be a project home nevertheless, just to find something to do with the space. You can get similar problems when selling a church; if there isn't another organization of a similar size and similar needs ready to move in, who is really going to buy it, especially for larger churches?
I was also wondering if the pipe organ works, or is close to working. I don't even have an estimate of what that might be worth but it wouldn't surprise me that it alone would be more than what they paid for the place. Again, I'm not saying I would want them to do that, just that that may be pretty valuable on its own.
But on the flip side, I can see why they had a hard time finding a buyer. Even were it ready to live in on day one, it would be a project home nevertheless, just to find something to do with the space. You can get similar problems when selling a church; if there isn't another organization of a similar size and similar needs ready to move in, who is really going to buy it, especially for larger churches?