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