Lobo, Texas - A ghost town in West Texas is up for sale for less than most houses.IRS says it has $1.5 billion in tax refunds waiting to be claimedThe current owner of the 10-acre town of Lobo, in West Texas, purchased the town in 2001 for $20,000 with a few friends.
The last residents of Lobo left in 1991, leaving behind an empty swimming pool, a motel, and a few houses.The owner is now selling Lobo for $100,000. Best neighborhoods to buy a house in HoustonThe cost difference between owning and renting has hit its widest gap in over 15 years.New ideas for the town range from a kangaroo farm to an escape room experience using the entire area.
The owner is taking bids on the property until June 24th.Houston named nation's top real estate market, according to studyLobo is located in Culberson County.
The town was founded in the 1880s and was once a thriving community with a population of over 100 people. The town's decline began in the 1950s, when the railroad was abandoned.