Abandoned Historic House Purchased for $1

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The James Lee House, an abandoned and rundown Victorian built in 1848 that's listed on the National Historic Register, was sold to Jose and Jennifer Velázquez for the bargain price of $1. After a year of renovations, the Memphis home is now a gorgeous B&B.

This House Was Purchased for $1 | House Beautiful

(Image credits: The James Lee House)

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Tara is Apartment Therapy's Assistant Editor & Social Media Manager. When not living in 140 characters, you'll find her thrift shopping around Boston, canning, and Instagramming photos of cats.