Location: Dallas
Price: $165,000
Bedrooms/baths: 4/3.5
Square feet: 3,032
Prices in and around Dallas have remained extremely affordable throughout the boom and bust cycles.
During the first three months of 2012, the typical home sold for about $161,000, according to the National Association of Home Builders.
This massive 3,000-square-foot, four-bedroom home, located about 12 miles from the city's center, has large rooms with vaulted ceilings, a huge fireplace and an indoor atrium -- with a fountain.
The place recently underwent some major renovations. The bathrooms have been re-tiled and new flooring and stainless steel appliances have been installed, according to agent Kent Robbins. The garage has also been turned into a game room, with a kitchenette and full bath. It could be converted easily into a mother-in-law suite.
The property, which was recently up for sale then pulled off the market, sits on one-fifth of an acre and includes an in-ground swimming pool and a refurbished wooden deck.
For further information: TruliaNEXT: Indianapolis: A big, souped-up Colonial