Laveen, AZ 85339
laveen arizona foreclosed home
Price of this home: $117,700
Last sold for: $117,700

Laveen is a former agricultural community that had lots of cheap land suitable for development during the real estate boom, according to local agent Tess Pysher.

Median home prices are now less than half their 2006 peak, according to Zillow. Many people who bought at the top of the market are now well underwater on their mortgages, leading to a spate of foreclosures.

This house is listed for less than 45% of the $270,000 it sold for when it was built five years ago. It has always been rented out by the owner, according to Pysher, but the tenants had intended to buy the house and kept it in great condition.

It boasts features like a sitting room in the master suite, walk-in closets and ceiling fans. There's more than 2,000 square feet of interior space and a two-car garage.

For further information: Trulia

Source: Coldwell Banker
  @CNNMoney - Last updated January 18 2013 11:45 AM ET
Join the Conversation
Top 10 cities people are moving to

Whether it's the warm weather, jobs or cheap cost of living, these are the top 10 cities Americans are moving to, according Penske Truck Rental's annual list.

Real Estate Calculator

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.28%4.41%
15 yr fixed3.30%3.33%
5/1 ARM3.30%3.34%
30 yr refi4.31%4.39%
15 yr refi3.35%3.31%
View rates in your area
Find personalized rates:
Rate data provided
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.