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Million-dollar foreclosures

Even million-dollar mansions can become big bargains. That's especially true when banks repossess them from delinquent borrowers and put them back on the market.

Middleton, Wis.

1 2 2
  • Price: $1.05 million
  • Size: 8,466 square feet
  • Rooms: 5 bedrooms, 6 baths

This house was repossessed in a foreclosure auction last July and now it's being resold for less than half of what it cost back in 2008.

The new buyers will not only get plenty of open rooms and sunlight, but lots of amenities as well. The master suite comes with a sitting area and whirlpool bath. There's also a mother-in-law suite, exercise room and a Florida room with views of the 1.4-acre property's gardens.

Watch: Middleton, the Best Place to Live

Five years ago, Money Magazine named Middleton the Best Place to Live in the United States, citing its small town charm and its parks and bike trails. Many members of the University of Wisconsin faculty live in town and, oh yes, it has been home to the National Mustard Museum since 2009.

Near Lake Mendota, this home also offers easy access to several state parks and a local country club with a golf course.

For further information: Trulia

  @CNNMoney - Last updated January 30 2013 06:38 AM ET

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