Sunday, April 8, 2012

Homes for the price of a car

Homes for the price of a car

By Erika Riggs, Zillow
April 2, 2012

More from Zillow

» Justin Bieber’s Real Estate Woes Started With Kutcher

» Rapper Wiz Khalifa Shows Off Rockin’ Pittsburgh House

» Hollywood House of Sullavan, Hopper, Kilborn Sells

A house for the price of an SUV? That’s plausible, given the dip in housing. But a home for the price of a Ford Fiesta?
Whoa. Now there’s a value-bending proposition.
While most people don’t think of real estate in prices relative to that of a car, there are houses in some parts of the United States that are for sale with listing prices just like what you’d see at an auto dealership.
And we’re not talking about a house priced at the median home value of $150,000, which is akin to the sticker price of an Aston Martin. The homes featured below compare more favorably to standard highway fare: Nissans, Hondas, Fords, etc.
Some of these properties are distressed sales — either foreclosed or in the midst of a short sale — and some need a little renovation, but that’s still a pretty impressive given that they’re all comparable to the price of a new car.
1620 W 2nd N, Wichita, KS
For sale: $54,900
Photo: Zillow
Priced at almost $55,000, this Wichita home for sale is on the pricey end of our list. The adorable cottage offers 2 bedrooms, 1 bathroom and plenty of updates– including hardwood floors, a new kitchen, windows and roof. For the same price, a 2012 Mercedes Benz E-class could be a classy choice.
Photo: Zillow
This Two Rivers home for sale is a bank-owned property, but don’t let that deter you. Priced just under $30,000 and with three bedrooms, 1,512 square feet of living space and with fresh painting, new carpets and refinished hardwood flooring, this home is a steal. But if you prefer to drop $30k on a set of wheels, a base model of the 2012 Honda CR-V may be up your alley.

Photo: Google Maps
For much of the recession, Detroit has had some of the lowest home prices. Epidemic foreclosures have pushed prices down to double and even single digits. This brick home for sale is located in the Grandmont-Rosedale neighborhood of Detroit, which has experienced a dramatic drop in home values since 2008 but is seeing a small pick up in the past year with values increasing 4.9 percent quarter-over-quarter. This affordable Colonial has 3 bedrooms, 1 bath with hardwood flooring and glass-block windows. Or, for about $13,000, you could get a Ford Fiesta, which start at $13,500 for its base model.

210 Melrose Circle, North Little Rock, AR
For sale: $30,000
Photo: Zillow
This 2-bedroom, 2-bathroom home is a great investment opportunity since it used to be a duplex and, according to the listing, could easily be converted back. The home is situated on a larger block with a fenced yard and covered parking for two vehicles. This home’s automotive counterpoint? A Dodge Dakota truck, which run about $28,000 to $32,000.

Photo: Zillow
Less than $25k is quite a deal for a home built in the last fifteen years. This 3-bedroom, 2-bath Memphis home for sale was built in 1999 and features 1,200 square feet of living space as well as a two-car garage. For $25,000 in car value, how about a 2012 Toyota Camry?

Posted via email from Duane's Proposterous Posterous

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)