Home ownership isn't cheap...unless you're buying central Minnesota's cheapest home on the market. In Holdingford, Minnesota there's a 3 bedroom, 1 bathroom home for sale for a jaw dropping $16,000. The home, located at 511 S 2nd St, Holdingford, MN 56340 is listed with Brandon Johnson at Voight Johnson.

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What's more shocking than the price is, the home has been on the market for about 45 days. You'd have thought someone would have scooped this deal up in a hot minute. I'm pretty sure my car cost about the same price when it was new...and it doesn't come with 3 bedrooms, a bathroom, and 1,270 square feet of space.

The home is finally listed as a pending sale, according to Realtor.com. So, why did it take so long for someone to jump at such a hot deal...it sounds too good to be true.

It's got a lot of people asking, "what's the catch?" Well, there's kind of a catch. Reatlor.com lists the property's condition as, "severe hazardous condition." If you were hoping to get a look inside the home, you're out of luck because no interior access will be granted and the home is being sold as-is.

This would be the perfect home for someone who knows how to handle hazardous situations, has the funds to tear it down and rebuild, or is looking for some land. In short, the price is cheap, but the cost to restore it might not be.