The Herald Banner, Greenville, TX

Real Estate News

April 2, 2012

Homes for the Price of a Car


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North Little Rock, Arkansas

210 Melrose Circle, North Little Rock AK (below)

For sale: $30,000

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 2012 Dodge Dakota truck, which run about $28,000 to $32,000.

Memphis, Tennessee

969 Tunstall St, Memphis TN (below)

For sale: $24,000

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?

Wichita, Kansas

1620 W 2nd N, Wichita KS

For sale: $54,900

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.

Sleepy Eye, Minnesota

108 Elm St NW, Sleepy Eye MN (below)

For sale: $39,900

Located two hours southwest of Minneapolis, Sleepy Eye is a smaller lake town. This slice of real estate is move-in ready with newer paint, flooring and furnace. The home also has a covered porch and detached two-car garage. For the same price, you could fill the garage with a Buick Enclave, which costs the same as the home: $39,000.

Detroit, Michigan

15851 Rutherford St., Detroit MI (below)

For sale: $12,900

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.

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