A $448,000 home sold for $240,000. A $1.3 million house sold for $597,000. Those are just some of the bargains that homebuyers and investors scooped up at auction Monday.

One hundred foreclosed homes, ranging from run of the mill to million dollar houses went on the auction block in downtown Denver.

“It was a beautiful house,” said Margaret Papp, who wanted to buy the million dollar Castle Rock home. “(It is) really beautiful. It just sold for a little bit more than I wanted to pay, so it was kind of sad.”

The home was previously listed at $1.3 million.

“It was still listed in the MLS for $644,000,” said Meagan Andrews, Papp’s realtor. “It had several price reductions, needs a lot of work, so I am a little surprised it went for close to $600,000, but I still think it was a pretty screaming deal.”

Most real estate experts said the deals are there, especially in these tough economic times. They said prices are at 10-15 year historic lows.

“No one buys resale property anymore,” said Maynard Rome, of Maynard-Rome Associates. “People go to auctions and buy them for 50 cents on the dollar or less.”

Rome said home auctions are the future, at least during the recession.

One of the auctioneers from Real Estate Disposition, LLC said unlike auctions in the past, most people are buying for themselves, not as investments.