Friday, April 20, 2012

Wyoming town sells for $900,000

Dan Frosh reported a few weeks ago in the New York Times on the sale of unincorporated Buford, Wyoming for $900,000.  Dan Sammons, formerly of Newport Beach, California, has owned the 10-acre town since 1992, when he bought it from a New Jersey family for $155,000.  The town, which Frosh refers to as "a windswept Wyoming outpost just off Interstate 80 between Cheyenne and Laramie" consists of a gas station, trading post and cafe that attracts as many as 1000 visitors a day.  In the 1800s, Buford was a thriving railroad outpost of 2,000.   Indeed, Sammons converted what had been the town's schoolhouse into his office.

Frosh notes that the "sale drew interest from people around the world who dreamed of owning a bucolic American town on the edge of the frontier."  The purchaser of Buford is an anonymous Vietnamese man who issued this statement through his broker:
Owning a piece of property in the U.S. has been my dream ... So, I decided to make a trip to Wyoming, to bid on-site.  It was a long journey but I made it at last.  It is the American dream.  

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