This Louisvile, Kentucky building called the Ouerbacker Mansion, after its coffee magnate owner Samuel Ouerbacker, was built in 1860. The Romanesque structure in the once trendy Russell neighborhood is now boarded up, crumbling and has no intact windows.
After Ouerbacker's death in 1922, Reverend George Clement, a bishop in the African Methodist Episcopal Zion Church, purchased the mansion and lived there through the 1930s. Then in a neighborhood that was no longer fashionable, a tax business bought the mansion next, only using the first floor.
By the year 2005, the once palatial home had been abandoned and was in a state of disrepair. The city then took over the house. That year, part of the building collapsed, and the city sunk approximately $100,000 into the structure to stabilize it.
Earlier in 2014, a company called Oracle Design bought the mansion for one dollar. Oracle plans to restore the structure and convert it into apartments. One can see from the pictures that Oracle not only has their work cut out for them, but if they restore the mansion's once grand architectural details, it should make for some beautiful real estate, even when divided.
See more pictures and learn more about the mansion here.
I imagine they'll have to sink at least a million into that project.