IPFS News Link • Housing
Million-Dollar Mansion Has A Bargain Basement Price
• npr.org, Meg Cramer and Sonari GlintonEven before the financial crisis, Detroit was known for its undervalued real estate. Now, a bad situation is even worse.
Michael Bradley and his sister Annette Foreman have spent the last several months cleaning their mother's home. She died on Christmas Eve last year, and they're putting her house up for sale.
The four-story house, known as Stone Hedge, was originally built for Walter O. Briggs in 1915. Briggs was in the car business. His company built auto bodies, and he owned the Detroit Tigers.