I was referring to undeveloped lots as per the comment I was replying to. At that price, it would have already been developed.
Most cheap undeveloped land that is for sale has some issue with it (unbuildable, access, wetlands, flooding, one or more utilities unavailable, nuisances - noise, terrain, etc).
FYI- the linked property has the land assessed at 133k. It's not purchasable as a 100k lot if there is a house on it.
Edit - doing more research the "Essential Craftsman" house is on Farm/Forest zoned land. It may have been recently rezoned to build residential on.
Two economists are walking down the street and one of them notices what appears to be a $20 bill on the sidewalk. “It’s not a real $20 bill,” the other economist declares. “If it were a real $20 bill, someone would have picked it up off the sidewalk already.”
Most cheap undeveloped land that is for sale has some issue with it (unbuildable, access, wetlands, flooding, one or more utilities unavailable, nuisances - noise, terrain, etc).
FYI- the linked property has the land assessed at 133k. It's not purchasable as a 100k lot if there is a house on it.
Edit - doing more research the "Essential Craftsman" house is on Farm/Forest zoned land. It may have been recently rezoned to build residential on.