Posted October 13, 2018 12:29:37Bali’s bungalow house of horror has been sold for a record-breaking $1,971,500, and it will be put to good use.
Owner Srikanth Kumar was the first to sell the bungalows, located at the corner of the Malakot River and the Bali-Sangkul Beach resort, to a company called The House Builder.
The owners of the house have agreed to sell it for about $1 million, according to the owner.
The house has been owned by Srikant Kumar since 1996 and he has lived there for the last three decades.
He had no plans to sell but he found himself at a financial disadvantage after he sold the house.
He took out a loan from his employer to pay for the purchase and he was in the process of collecting a $100,000 mortgage when the bank told him he had to sell, according a news release from the B.N.K.M.A. group.
The House Builder’s website says it has been building houses since 1976 and has sold more than 10,000 bungalowing houses.
It has a website and an app that let users search for properties and buy and sell houses, and has helped over 200,000 people save more than $2 billion in their investments.