Detroit Homes For Sale Amid Bankruptcy

Amid Detroit's historic bankruptcy, hundreds of homes in Detroit are listed on online housing marketplace Zillow for less than $5,000. This home was once listed for $1. Andrea Canty, a real estate agent with Re/Max Premier Inc. in Detroit said many of these rock-bottom listings are homes that are not habitable, vandalized, or suspected of housing squatters.
Detroit Homes For Sale Amid Bankruptcy

About 90 homes in Detroit were listed for less than $1,000 on Zillow -- mostly homes that are in foreclosure or are bank-owned, boarded up and vacant. This two-bedroom, one-bathroom home is listed for $100.
Detroit Homes For Sale Amid Bankruptcy

This three-bedroom, one-bathroom "bungalow style" home is listed on Zillow.com for $70. Built in 1923, it was last sold in Oct. 2000 for $4,000.
Detroit Homes For Sale Amid Bankruptcy

This three-bedroom, one-bathroom foreclosed home is listed on Zillow.com for $100.
Detroit Homes For Sale Amid Bankruptcy

This two-bedroom, two-bathroom home built in 1923 is listed on Zillow for $100.
Detroit Homes For Sale Amid Bankruptcy

This three-bedroom, one-bathroom home built in 1961 is on sale for $100.
Detroit Homes For Sale Amid Bankruptcy

This five-bedroom, two-bathroom Fannie Mae HomePath property is also listed for $100 on Zillow. Built in 1917, the home is described as a "great income opportunity".
Detroit Homes For Sale

How will Motor City bounce back? Its metro housing market began its turnaround in Nov. 2011, after falling 52 percent from its peak. In June, the median home value was up 14.3 percent year-over-year and 72 percent of the homes sold during the month were sold for a gain, Zillow reports. In the second quarter, values were up a whopping 3.3 percent. This three-bed home is on sale for $219,000.
Detroit Homes For Sale

This two-bedroom, one-bathroom home is a lower unit in a mult-family home on sale for $12,500. The multi-family home spans 1,316 sq. ft. on a lot that is 5,227 sq. ft. It was built in 1957. Described in the listing as a Fannie Mae HomePath property, it has a two-car garage and full basement.
Detroit Homes For Sale

This home is described as a brick bungalow featuring three bedrooms, one bathroom a garage and basement. It is listed for $8,000.
Detroit Homes For Sale

This seven-bedroom home with 4.3 bathrooms is listed for $800,000. The listing describes it as: "Originally a Palmer Woods Developer's private residence and incredibly maintained. Designed by Richard Marr for Charles Burton. Home sits on a double lot, has four fireplaces, an in-law quarters, intricate woodwork and plastering, stain leaded glass and more!"
Detroit Homes For Sale

This $479,900 condo has four bedrooms, 3.5 bathrooms and spans 3,180 sq. ft. The listing states: "Model home at Shorepointe Village features solid hardwood floors, GE profile stainless steel appliances, custom cabinets built by Mutschler Kitchens, two fireplaces, two master suites, open floor plan and a 45 foot boat dock. Enjoy a 56 percent property tax reduction with a 15year NEZ abatement."
Detroit Homes For Sale

This five-bedroom, four-bathroom home is listed for $215,000. It was bulit in 1924.
Detroit Homes For Sale

This four-bedroom, 4.1 bathroom home is listed for $189,900. The home was built in 1927 and is described as "Italian Renaissance brick."
Detroit Homes For Sale

This five-bedroom, four-bathroom, foreclosed home is listed for $139,000. Built in 1926, the home is described as a "spectacular University sub 5 bedroom Tudor. All offers and commissions are subject to Bankruptcy Court approval."