Last month we showed you what kind of car you could get for the monthly drop in benchmark house prices in some Vancouver neighborhoods. Along a similar theme, reader Avatar points out this round up of 8 condos in the US that cost less than a new car. This one bedroom 770 sq foot condo in Florida is going for $25k:
The condo is spacious and has a half bath, a screened porch, wood floors and is in move-in condition, according to agent Jana Brittenum of Keyes Real Estate. The corner location in the complex gives it nice garden views.
The condo community has good recreational facilities with a swimming pool, clubhouse and exercise area, but maintenance charges are a modest $180 a month.
The last time the unit sold was in 2005 when it went for $115,000. Why so inexpensive now? For one thing, it’s a short sale, which the lender will have to approve. Also, the condo association’s bylaws prohibit renters, so any buyers would have to want to live there.
See the Full article at CNN.com