This, as with all short sales, should come with a big disclaimer, as things (like the price) are often not as they appear. But gosh, that's quite a price drop! This 4,200-square-foot home, which was built in 2007, sold later that year for $1.3 million. In spring 2009, the home came back on the market for $1.45 million, and then the price began to fall. Precipitously. Now, more than two years later, the 4BD home is listed at $749,000 ($178 per square foot). The place appears to be in pretty good condition, with high-end kitchen finishes and a custom staircase. What it'll ultimately sell for is anyone's guess.
· Listing: 2208 W. Huron St. [Key Realty]