Tuesday, July 21, 2009

Featured Place to Live: 6501 Penrod

I haven't done one of my featured places to live post in months because, quite frankly, the real estate market in Detroit has been too depressing to talk about. However, I have since learned that the most recent place that I featured has since been sold to a proud new homeowner. This, plus a couple of other long vacant homes being reborn, has convinced me that it's time to bring this feature back.

The featured place to live for this week is 6501 Penrod. This two bedroom, one bathroom 686 square foot ranch was built in 1950. It features hardwood floors, an updated kitchen and has been freshly painted. The property is represented by Don Locascio of Real Estate One. A brochure for this property is available here.

A video tour of this property is available below.

I also want to remind everyone that properties such as these are eligible for the Federal Housing Tax Credit, which provides an outstanding opportunity for first time home buyers. Between the tax credit and the current real estate market, there has never been a better time to buy a home.

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