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A nice house for <$10K? 1313 Responses
Last post: 1 year, 1 month ago | Thread started: Mar 23, 12, 11:49 p.m.
- akrok
Youngstown, Ohio. Median price: $55,400
Lansing, Mich. Median price: $64,400
Toledo, Ohio. Median price: $64,900
South Bend, Ind. Median price: $68,700
Akron, Ohio. Median price: $74,900
Ocala Fla. Median price: $75,400
Dayton, Ohio. Median price: $78,000
Cumberland, Md. Median price: $80,700
Grand Rapids, Mich. Median price: $81,100
Decatur, Ill. Median price: $81,300
- Dog-earMar 24, 12, 1:25 a.m. – Permalink
- albums
I can attest to the deals in Michigan. A buddy just got back from there yesterday, I forget the town, but it's small, about 2 hours from the Ann Arbor/Detroit area. He got 5 acres, 1,600ish sqft livable, an unfinished basement beneath the entire house, a 3 bay garage with 2 bays being 2 deep, totaling a 5 car garage with still more shop/storage space as well as a 14x40 drive through rv parking building all for less than 80K.
Aside from replacing outdated wood paneling on some walls, the house was pretty modern with tile & wood floors in most all the rooms, arched ceilings, open floor plan. It even has a little bar w/ old style swinging doors set back & built into the living room wall and a study/library room accessible from 2 of the 4 upstairs bedrooms & the hallway. Another slick feature is the garage is set about 15-20ft from the house but there is a fully covered & finished walkway that connects the two buildings for unobstructed access.
- Dog-earMar 24, 12, 7:33 a.m. – Permalink
- d_rek
I live in Michigan and bought a house back in July 2011 in a fairly rural area that is about 45 minutes outside of Downtown Detroit.
For under $70k I got a bungelow-style 1550 sqft house that was built in 2006, tucked away in a nice sleepy subdivision. It has an unfinished basement that runs the length/width of the house. 1st floor is master bedroom with a master bath, kitchen, laundry, guest bath and living/dining room combo area. 2nd floor is 2nd and 3rd bedroom and another full bathroom. I don't have a garage but I do have a modest sized shed on the lot. The yard is also modest... but with a 6-month old the less yardwork right now the better.
The value of the home dropped about 10% since I bought it (sigh, i know). But there are some *amazing* deals in MI right now. I expect in 5 years or so to be able to sell it for at least what I paid.
If you must live in the City of Detroit there are some mind-blowing home prices, like $5-10k for a lot of square footage... but... just keep in mind taxes are way high because of corrupt-ass city government and massive population loss. Also, it's real hit-or-miss... and you'll probably be putting more money to bring any of those homes upto code than they cost to purchase.
I personally wouldn't live in Detroit... but one of the surrounding burbs like Royal Oak, Clawson, Troy, Sterling Heights, etc are all like 20-30 minutes from the downtown area and are all generally pretty nice places.
- Dog-earMar 24, 12, 8:11 a.m. – Permalink
- utopian
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- Dog-earMar 24, 12, 9:48 a.m. – Permalink
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、- Dog-earMar 24, 12, 5:11 p.m. – Permalink
- stepson
detroit's sick... i have a friend who just bought a beautiful 8 bedroom victorian style manor for around 5k.. it's a stunning house but a little dilapidated.. you have to be ok with getting mugged / carjacked once in a while though.
alternatively, there are tons of abandoned houses there.. if you can bring it up to code AND prove that you've lived in it for a year it's yours.. pretty sweet
- Dog-earMar 24, 12, 5:24 p.m. – Permalink
- jagara
They (who are they?) say that if you spread the rumour that a house is haunted, then no one is interested. That's when you swoop in, and buy for a fraction of the price. Then you can get a house in a shitty neighborhood for like, 2000 $. Wait, it's true...
- Dog-earMar 27, 12, 4:18 p.m. – Permalink
