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Grand Detroit homes priced under $400K

Motor City mansions at discount

Realtor.com

For years, Detroit has been practically giving away vacant homes. An organization called Building Detroit auctions off two houses per day with starting bids at $1,000, to buyers who promise to bring their properties up to code within six months (or nine for historic properties).

But what about the higher end of such a deeply discounted housing market? Realtor.com provided a selection of 10 larger and more stately homes on the market in Detroit, which is now out of bankruptcy.

These are large homes with anywhere from five to eight bedrooms and beautiful period details in historically upscale districts of the Motor City. Counting down from the most costly, here are those houses, with not one priced over $400,000.

—By Colleen Kane, Special to CNBC.com
Posted 11 Nov. 2014

2204 Seminole St.

Price: $365,000
Bedrooms: 8
Bathrooms: 4 full, 3 half
Square footage: 5,605

This house was built in 1918 in Indian Village, a historic neighborhood on Detroit's east side. It was designed by architects Herman & Simons in a Mediterranean style distinguishing it from many of its Tudor, Georgian and colonial-revival neighbors.

It features two family rooms, a wood paneled library/office with a fireplace and a garden room. The price has been reduced from $379,000.

Listing here.

51 Edison St.

Price: $339,000
Bedrooms: 6
Bathrooms: 4 full, 1 half
Square footage: 6,000

This brick home built in 1909 is in central Detroit's Boston-Edison Historic District, a neighborhood of more than 900 homes, and one of the country's largest residential historic districts. Numerous homes in the district were built for prominent auto industry figures, including the Henry Ford House down the street from this one.

The house has original details like Italian tiling in the entryway, claw foot bathtubs and a dramatic central wood staircase, not to mention a wood-paneled ballroom on the third floor. The kitchen has been updated with a farmhouse sink and subway tiling continuing through a breezeway that leads to a family/media room.

Listing here.

671 Edison St.

Realtor.com

Price: $298,500
Bedrooms: 6
Bathrooms: 6 full, 1 half
Square footage: 6,000

La Maison de la Paix was built in 1914 in the Boston-Edison Historic District, across from Voigt Park. Since its listing in September, the price has been reduced from $350,000.

The house has a number of architectural influences, with exposed beam ceilings, a wood-paneled formal dining room, built-in kitchen cabinets, a four-season sun porch, as well as Pewabic tile, a Detroit-made arts and crafts staple. Two-toned stained glass door panels and windows and French doors allow for lots of natural light, while the oak stairwell landing window seat at a leaded glass window adds another arts and crafts touch.

Listing here.

1037 Iroquois St.

Realtor.com

Price: $294,500
Bedrooms: 8
Bathrooms: 4 full, 2 half
Square footage: 5,500

Ravenscroft was built in 1902 in Indian Village, and according to the listing, it was reportedly designed by Albert Kahn, one of the three prominent architects associated with the neighborhood, who designed Edsel and Eleanor Ford House as well as the Packard Automotive Plant.

This is another home with a reduced price, which has gone down several times from $394,500.Although it has come on and off the market for a few years, the house was last sold in 2009 for $148,000. In addition to a potential 12 bedrooms, the house has a separate gardener's apartment and the coach house is rented out. The formal living room has built-in bookshelves integrated with the fireplace mantle, and there are other built-ins throughout, original pocket doors and a window seat with storage beneath.

Listing here.

2481 Seminole St.

Realtor.com

Price: $239,900
Bedrooms: 6
Bathrooms: 2 full, 1 half
Square footage: 3,800

Another home located in historic Indian Village, this stately 1914 Colonial Revival house features an updated kitchen, refinished hardwood floors, an original claw foot tub, some original tiling and a sunroom. Two of the six bedrooms have private studies.

The house last sold in 2005 for $165,000, and has since been on the market for $80,000, $25,000, and the current asking price of $239,900.

Listing here.

2051 Chicago Blvd.

Realtor.com

Price: $219,900
Bedrooms: 6
Bathrooms: 4 full, 1 half
Square footage: 4,302

This three-story 1922 Tudor in the Boston-Edison district was listed earlier this year for $274,900. It retains original features like Pewabic tile, hardwood floors, a built-in closet, leaded glass windows and a claw-foot tub.

It has updates like a subway tiled kitchen with butcher block counters and a farm sink, a new hot water tank and boiler, as well as security cameras and light fixtures.

Listing here.

19647 Roslyn Rd.

Realtor.com

19647 Roslyn Road
Price: $289,900
Bedrooms: 7
Bathrooms: 3 full, 2 half
Square footage: 3,600

This 1928 Tudor is located in Detroit's Sherwood Forest Historic District of about 435 homes. It was last sold for just $50,000 in 2002. Its current price is actually up $10,000 from earlier this year.

Now it's being touted as ready-to-go for buyers who don't want to put in work on a house—the kitchen has been updated with Viking appliances, and other updates include the roof, electrical, windows, plumbing and cement. The house has hardwood floors, a finished basement with terrazzo floor and a detached two-car garage.

Listing here.

19733 Shrewsbury Rd.

Realtor.com

Price: $279,900
Bedrooms: 5
Bathrooms: 3 full, 2 half
Square footage: 5,000

The circular drive and landscaping lends it a modern look, but this Tudor house was built in 1927. Other updates include the granite—stainless kitchen, a new HVAC system, an electric gate and a security system with cameras. There's a finished basement with a fireplace and an attached garage.

The asking price has been reduced several times, down quite a bit from the 2006 ask of $436,000, and the listing states the seller will contribute $8,000 toward roof replacement.

Listing here.

1991 West Boston Blvd.

Realtor.com

Price: $250,000
Bedrooms: 5
Bathrooms: 4 full, 2 half
Square footage: 4,000

Another house in Detroit's Historic Boston-Edison section, this brick colonial was built in 1922 for an art collector, and it shows in the home's the stairway/art gallery. Among the updates are marble floors, butcher block counters and a farmer's sink in the kitchen and multiple security cameras. Other features include wood floors, an in-law suite and a marble bath with rain shower.

This house changed hands last year for $50,000 and in 2009 for $38,500.

Listing here.

18111 Wildemere St.

Realtor.com

Price: $179,000
Bedrooms: 5
Bathrooms: 3 full, 2 half
Square footage: 3,670

This 1929 Tudor is located on a corner lot in the University District, an area of 1,200 single family homes as well as two small apartment buildings and 80 duplexes, just south of the University of Detroit Mercy.

Original features include a wood-paneled library, leaded glass windows and the stunning yellow Pewabic Pottery-tiled arched bath. This property last sold in 2003 for $289,000, and was listed for $89,900 in 2010.

Listing here.