$1 19th Century Victorian Home Faces Foreclosure

By Lyneka Little

Sep 8, 2011 3:17pm

Medical bills and unemployment may cost homeowner Linda Hatchell  the 116-year-old, three-bedroom, two-bath Victorian home she purchased for $1, according to a story on the website Consumerist.

The story describes how, after pouring thousands into renovations and to relocate the home, Hatchell faces foreclosure –  it was  a battle with cancer and job loss that put her in the hole financially.

“It wasn’t financially possible for me to keep the house, but I wanted to try to stay here as long as I could,” Hatchell told NBC in Chicago.  ”I had one year left on my mortgage, and it would have been paid off.”

It was a moment of triumph for Hatchell, who’d moved the structure  from one street to another in the 1980s. The home that sits on .38 acres of land was once located a distance away from its current location.

According to the Consumerist, Hatchell shelled out hundreds of thousands on the property to bring the 19th century building up to code, including $50,000 to move the place. In 1989, the home was disassembled from its long-time perch on Main Street and moved to its current address on Elm Street in Glen Ellyn, Illinois.

And  that’s where it  has sat for more than 20 years as Hatchell poured money into the restoration of the property that was originally built for postmaster and village president Edgar McChesney, according to the Consumerist.

The home is listed for sale on Realtor.com for $549,999, advertising a four-car garage and two wood burning fireplaces.

“We usually get tipped off when a home is in danger but I wasn’t aware of it,” says Lee Marks, chairman of the Glen Ellyn Historic Preservation Commission.  We were very heartbroken when the home was moved because it was in a neighborhood that was South of the church where all very nice homes from the 1880s and 1890s were located. Of course we were thrilled when it was saved. It’s a wonderful Victorian house. ”

A potential foreclosure is troublesome for the community. ”We’re very concerned and we would not want to see the home lost,” says Marks.

After seeing a lot of homes torn down in the 90s, Marks says,  ”we would certainly want the house to be saved.”

Linda Hatchell declined to comment to ABCNews.com.

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