Couple buys their dream house in Reno for just $1 after it was originally listed for more than $1million …but there's a catch

A savvy Nevada couple scored the bargain of a lifetime when they bought their dream home for just $1.

Logan and Angelina Needham became the proud owners of the oldest house in Reno, with historians claiming it was one of the first ever built in the city.

After a 'thorough vetting process' the couple purchased the historic property from its previous owners, Jacobs Entertainment, who are a gaming, hospitality, and entertainment company.

The company had originally bought the home for a whopping $1.2 million, so the pair got an unbelievable discount.

However, the price tag of $1 comes with quite a big catch - it's up to the new owners to firstly relocate and then preserve the property.

(A savvy Nevada couple scored the bargain of a lifetime when they bought their dream home for just $1)

(Logan and Angelina (pictured above) were chosen by the company above the two other candidates who submitted bids)

(The company had originally bought the home for a whopping $1.2 million, so the pair got an unbelievable discount)

Jeff Jacobs, the CEO of Jacobs Entertainment, told the Reno Gazette Journal: 'It's important to preserve Reno's historic homes as we continue to revitalize downtown.

'We are happy to see the West Street home go to the Needhams. This is an example of progress and preservation happening hand-in-hand.'

Logan and Angelina were chosen by the company above the two other candidates who submitted bids.

They were picked due to the size of their available plot of land they planned to relocate the property to, as well as its proximity to the home's current location.

The house is known locally as the Benham-Belz House.

(According to Reno Historical and historian Alicia Barber, there is 'persuasive evidence that it was constructed in Reno's founding year of 1868 or early 1869, making it the oldest known house constructed in Reno')

(Pictured: A map from 1868 of the original Reno townsite, which features the Benham house)

Ref: Couple buys their dream house in Reno for just $1 after it was originally listed for more than $1million …but there's a catch (dailymail)

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