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On August 13, 2008, a Detroit house was sold for the price of one dollar. Local real estate agents said that the deal was the direct result of the subprime mortgage and foreclosure crises in the real estate business.Detroit News: Houses go for a $1 (August 13) The building is located at 8111 Traverse Street, not far from Detroit City Airport.Detroit News: Houses go for a $1 (August 13) A neighbor said that less than two years ago the house "was the nicest house on the block."Detroit News: Houses go for a $1 (August 13)
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Fast Facts
- In November 2006, the house was bought for $65,000.Detroit News: Houses go for a $1 (August 13)
- The house was sold only 19 days after the ad was placedDetroit News: Houses go for a $1 (August 13)
- Everything inside the house, including the doors, the kitchen sink and the copper plumbing, was stolenDetroit News: Houses go for a $1 (August 13)
- The woman bought the house for investment purposes and will not live thereDetroit News: Houses go for a $1 (August 13)
- By 2009, the buyer will owe $3,900 in property taxesDetroit News: Houses go for a $1 (August 13)
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Managed By: danielle
Managed Since: 06/02/2009
Views: 190
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Managed Since: 06/02/2009
Views: 190
Money Earned: M$0.94
Page revenue is subject to change as we obtain data from our partners
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The Mahalo Top 7
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U.S. News: Buyer to Pay $1 for House in Detroit
usnews.com (August 13, 2008) -
The Detroit News: Foreclosure fallout: Houses go for a $1
detnews.com (August 13, 2008) -
GlennBeck.com: Detroit house sells for $1
glennbeck.com (August 14, 2008) -
Kare11.com: Foreclosed home sells for $1
kare11.com (August 14, 2008) -
Sott.net: Foreclosure fallout: Houses go for a $1
sott.net (August 13, 2008) -
Fox Business: House in Detroit Sells for $1
foxbusiness.com (August 13, 2008) -
PropertyExpat.org: Buyer to Pay $1 for House in Detroit
propertyexpat.org (August 14, 2008)
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U.S. News: Buyer to Pay $1 for House in Detroit
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1 Dollar House on Twitter Powered by Twitter
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RT @HotDealsRVA Mondays r for dollar bills like strip clubs : $1 High LIfes @ Border Chop House, $1 tacos @ Lil Mexico, $1 burgers @ Capital
@sharischaefer | July 06, 2009 05:35 PM -
RT @HotDealsRVA Mondays r for dollar bills like strip clubs : $1 High LIfes @ Border Chop House, $1 tacos @ Lil Mexico, $1 burgers @ Capital
@carl_brah | July 06, 2009 05:32 PM -
Mondays r for dollar bills like strip clubs : $1 High LIfes @ Border Chop House, $1 tacos @ Lil Mexico, $1 burgers @ Capital Ale House
@HotDealsRVA | July 06, 2009 05:32 PM -
i just worked on my house's floor n found 1 dollar hongkong,haha!then what will i do with that???
@annehalcynon | July 06, 2009 12:29 PM -
Went to an open house today 1/2 million dollar is what they are asking and they didn't mow the lawn!
@StealsDeals | July 05, 2009 10:17 PM
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Questions and Answers About 1 Dollar House | View All | Ask a Question
View All 1 Dollar House Questions (2891) | Ask a QuestionWhen is season 2 of The Sober House supposed to air on VH1? (2 Answers)No date has been set as of today...they are more than likely assembling a cast right now...my educated guess would be in June or July since that was the projected ... read moreMahalo Suggestion: Would it be possible to split the Mahalo dollar amount amongst more than 1 responder? (1 Answer)You can't split it up the way you are wanting to, but you could tip the original "best answer" winner and then privately tip someone else if you want. $1.00 ... read moreQuick announcement: Testing the M$ 1 dollar tips (3 Answers)What was the conclusion? What is the difference between tipping M$1 and M$.25? Can you clarify when these amounts are in action? read morewhat would you do with a million dollars? (8 Answers)I don't know that any of this is going to creative or smart or that different from what everyone else is saying... but anyway... Most of it is going to ... read more
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