Motor City bargains

Price: $99,900

Bedrooms: 8
Baths: 2
Size: 4,894 square feet

Description: Victoriana abounds in this revitalizing neighborhood a couple miles west-northwest of downtown. Some of the blocks have been placed on the National Register of Historic Places, and it's one of a few neighborhoods of architecturally significant buildings left mostly intact in hard-hit Motor City. A strong community preservation initiative that sprung up in the 1960s saved it from the urban renewal efforts that claimed many other neighborhoods.

This grand three-story brick home features formal living and dining rooms, a family room, laundry room and a two-car garage. Details include hardwood floors throughout, carved wood moldings and a wood-burning fireplace.

The house needs some work - such as repairs on the plaster walls, according to agent Renee Holman - but it has great bones. And even paying full price, a buyer putting 20% down would have a very light mortgage payment of less than $450 a month for a 30-year fixed rate at the current low interest rates, plus $110 a month in property taxes.

For more information: Century 21 Today

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