East English Village in Detroit
East English Village in Detroit
Price now: $15,900
Price at last sale: $49,900 in 2008
Bedrooms: 3
Baths: 1.5

Detroit's East English Village is a well-kept neighborhood of tree-lined streets just north of the affluent Grosse Point. In it, resides this Colonial-style, 1,500-square-foot home, which sold for $49,900 just four years ago. But now, realtor Chad Evans worries that they won't even get the $15,900 asking price for the place.

Home prices have been decimated here and this home also needs a new furnace and a new kitchen, he said. The last owner stripped it of appliances and other things of value several months ago, he said.

"I bet we get $9,900 for it," he said. "At that price, it's a great house, a perfect starter home."

For more information: Trulia

By Les Christie @CNNMoney - Last updated January 23 2012: 5:37 AM ET
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