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An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
858-997-3801
klingerealty@gmail.com
Compass
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on Apr 12, 2019 in Jim's Take on the Market, Where to Move | 0 comments | Print Print

Buy A Town

Looking for a quaint little place to move?

In Indiana, the town of Story — with a population of three people — is on the market for $3.8 million.

For that price, you get 17.4 acres with a historic general store, fenced horse pastures, an old grain mill, several barns, rental cabins and outbuildings that include two 19th-century outhouses.

And as of 2018, only three people — plus four dogs and a resident ghost — lived in the town, located about an hour south of Indianapolis. The only employer is a bed-and-breakfast called the Story Inn.

The B&B’s owner, 62-year-old lawyer Rick Hofstetter, also owns the town. He plans to keep the hotel — which, as the state’s oldest country inn, attracts visitors — but wants to relinquish the responsibility of managing the rest of the properties.

“The town’s fortunes should be decoupled from our hospitality operations,” he told the Herald-Times. “Macy’s doesn’t own the mall.”

The lucky buyer will get what Hofstetter calls “an entire historic town nestled in the hills of southern Indiana” that dates back to 1851, per the listing.

“This is not a reconstruction of an authentic little town,” Hofstetter told WANE-TV in Fort Wayne. “This is an authentic little town.”

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