News

Actions

What kind of house can you get for $200,000 or less in metro Denver?

Posted: 12:53 PM, Aug 25, 2017
Updated: 2017-08-25 14:53:14-04
What kind of house can you get for $200,000 or less in metro Denver?

DENVER – Anyone who’s looking to buy a home in Denver right now can tell you that affordable homes are getting harder to find and those that are available sell quickly.

Single-family detached homes for a median price of $420,000 last month but four years ago, that number was closer to $250,000.

Current listings show just a handful of properties listed at $200,000 or less and the Denver Metro Association of Realtors reports just 23 homes sold for less than $200,000 in July. The overwhelming majority of homes are listed in the $300,000 to $400,000 range.

Below are some of the homes currently for sale in the Denver metro area, with the least expensive properties listed first. (Note: For the purpose of this list, we focused on homes that are listed for at least $100,000 and excluded attached homes like condos.)

$150,000 - 7061 Cherry St., Commerce City
2 bedrooms, 1 bathroom, 700 sq. ft.
Built in 1932

This house is advertised as an “investment opportunity.” The home’s windows are boarded up and the property is being sold “as is” (and cash only).

$179,000 3240 S. Pearl St., Englewood
1 bedroom, 1 bathroom, 642 sq. ft.
Built in 1935

This home is also being sold “as is,” though the listing states the HVAC system “seems pretty recent.”

$185,000 5986 W. 3rd Ave., Lakewood
2 bedrooms, 1 bathroom, 807 sq. ft.
Built in 1943

Good news – this listing states that the seller has “removed junk from property since listing initially,” so whoever buys the home won’t have to deal with quite as much cleanup. The various structures on the lot (some of which are not included in property records) are sold as is.

$190,000 2803 S. Decatur St., Denver  (pictured above)
1 bedroom, 1 bathroom, 396 sq. ft.
Built in 1935

Sitting on a little less than a quarter of an acre, this small home is “old and vacant,” according to the property listing. The agent says it’s a great opportunity to build new.

$195,000 1261 Dallas St., Aurora
2 bedrooms, 1 bathroom, 792 sq. ft.
Built in 1951

This home’s seller has put some effort into making sure the property has some curb appeal – the listing shows a nice, green lawn and white picket fence. The listing does state that the home needs some fixing up and the tenant has “many ‘possessions.’”

$199,000 5121 Steele St., Denver
1 bedroom, 1 bathroom, 640 sq. ft.
Built in 1948

This home is located directly across the street from Swansea Neighborhood Park. The listing advertises an open floor plan and lots of light, plus a studio apartment in the back.

$200,000 9752 E. 10th Ave., Aurora
2 bedrooms, 1 bathroom, 956 sq. ft.
Built in 1914

Listed for $200,000 even, this home in Aurora has recently been updated with new carpet and features an enclosed porch/sunroom in the front.