They raised the money from a charity auction to restore the two storey property in Cleveland, Ohio, which had peeling paint and a sagging roof. It is the childhood home of Jerry Siegel, who, along with his classmate Joe Shuster, created Superman, one of the world's most recognised heros.
The property also now had a new fence with a stylized Superman 'S' on the front to acknowledge its place in comic book history. 'It is good to have something to mark the spot where Superman was dreamt up,' said current owner Jefferson Gray who bought the house more than 25 years ago without knowing of its famous connection.
The man behind the restoration, Brad Meltzer, also a comic book creator, decided the property need to be saved after he visited the house and was appalled by its rundown state.
'The house where Google was created is saved. The farm where Hewlett Packard was founded is preserved. And Richard Nixon's house is a museum. But the house where Superman, one of the world's most recognized heroes was created was a wreck,' he explained.
'It made no sense to me. Superman is totally entwined in the American Dream but the house was falling apart,' he added.
Along with other superman fans he created the Siegel & Shuster Society and asked friends and contacts to donate items for a charity auction which raised $100,000.
Siegel was just 16 and a comic book fan and budding artists when his father died of a heart attack after being robbed and he began to wonder how he might have been saved.
He was in his bedroom in the property when he imagined a bulletproof man of steel whose superpowers were disguised by his normal mild mannered personna and got his friend Shuster to help draw the first version of the hero which became the famous comic strip in 1938. Shuster's house no longer exists.