Condos for less than a new car

Home prices are plunging, and some of the best bargains are condos. Here are 8 that can be purchased for less than the cost of a new Prius.

1 of 8
BACKNEXT
Deerfield Park, Fla.
Deerfield Park, Fla.
Price now: $25,000

Beds: 1
Baths: 1.5
Square feet: 770

Description: Money Magazine recently rated Deerfield Beach the top place to live for affordable homes. It's just north of Fort Lauderdale on the Atlantic Coast and less than an hour from the attractions of Miami.

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.

For more information: Trulia
NEXT: Miami, Fla.
Last updated August 02 2010: 3:50 AM ET
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
More Galleries
Meet four kings of Alibaba's online retail empire Alibaba's shopping sites account for 80% of online retail in China. Meet four successful merchants. More
Cities where home prices are hitting new highs While home values nationwide are still down 13.5% from their pre-housing bust peaks, prices in these major housing markets have recovered -- and then some, according to Zillow. More
Cool cars from the Beijing Auto Show Here are some of the cars the world's automakers have unveiled this week for Chinese buyers. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.