Buy This Michigan Bungalow for a Buck

Michigan house for $1
Michigan house for $1

A single dollar can buy you this two-story, four bedroom 1926 Arts and Crafts-styled bungalow in Michigan. There's just one catch: it must be moved from its Detroit suburb to make room for a local park.

Moving this one-buck, fixer-upper is estimated to cost about $20,000. Add in renovations on the 2,110 square foot home, plus the cost of the land on which to place it, and it will likely cost more than last year's purchase price of $76,415..

If no one buys this Arts and Crafts-style home for $1 by May 31, 2010, it will be demolished. So what factors do you need to consider when uprooting and relocating a house?