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Making Unique Observations in a Very Cluttered World

Tuesday 30 July 2013

Detroit home priced at $1 sits on the market for 519 days... - and still for sale -

Detroit home priced at $1 sits on the market for 519 days... - and still for sale - 

Bargain: This 1915 home in Detroit has been on the market for just $1 for 519 days

It may not look particularly attractive, but as just $1 this family home is a complete bargain.
However, despite being on the market for the drop-down price since February last year, the Detroit property is astonishingly still for sale.
It is one of a number of run-down properties lying in the suburbs of Michigan's largest city, which earlier this month filed for bankruptcy, crippled by enormous debts.

Built in 1915, the property on Saint-Clair Street has been listed for sale since May 2011. 
After initially being placed on the market for $900, its price was dramatically reduced to just $1 in February last year.
A description of the property on the Zillow website describes it as a 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!'

The home is symbolic of the entire city, which earlier this month filed for bankruptcy. It is one of a number of homes across Detroit on the market for $1.
After standing empty for so long, the houses are often ransacked by thieves who strip them of everything, including water tanks and pipes.


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