Cheapest Denver Homes For Sale April 2022 Update
In the Denver Metro Association of Realtors’ April Market Trends Report, released on April 5, the average price of a detached single-family home hit a new record high of $797,700, up nearly 60 $000 in March compared to the previous month.
What about the cheapest homes for sale in Denver right now? It turns out they’re usually more expensive too, even when the house itself isn’t suitable for living.
As of January 2020, several homes were available within Denver city limits for less than $250,000. But those days are over. In WestwordIn the March 2021 roundup of the cheapest homes for sale in Mile High, the cheapest abode was listed at $265,000. And in a December 2021 sequel, the Homesnap website’s most affordable home had a tag for $290,000.
At first glance, the five cheapest detached single-family homes available on April 6 would appear to represent an improvement, as prices start at $275,000. However, the listing for this property uses the word “structure” rather than “house” to describe the building on the lot and labels it as “uninhabitable” and in need of scraping. And only two homes on the list cost less than $400,000, down from sixteen in December.
Here are the five cheapest Denver homes for sale today, listed in descending order, with links, details and original listing text.
5. 3098 Federal Boulevard South
600 square feet
Year built: 1945
“This is your chance to purchase a property that is zoned for mixed use! Current situation is a single family home – but use your imagination for future uses! Buyer must verify any future use with the City! of 2 bedrooms and 1 bathroom, with a kitchen, living room, laundry room with storage and a large yard. Lots of parking. All appliances included, the 12×24 laundry room is not included is in square feet.”
4. 3360 Kentucky Ave West
1,047 square feet
Year built: 1952
“A great starter home. Needs renovation. Close to city center and bus stations. Seller needs 45-60 days rent.”
3. 2773 Hazel Court South
816 square feet
Year built: 1953
“Pure luminosity exudes from this quaint Harvey Park residence. A large bay window illuminates a spacious living room with natural light, creating the perfect setting to enjoy the afternoon reading. Adjoining for seamless connectivity, a dining room provides space for guests to mingle.Hardwood flooring continues into a classic kitchen flanked by all-white cabinetry and butcher block countertops.A spacious master bedroom features expansive windows while a master bedroom versatile secondary provides the perfect space for a home office.Neutral white tiles adorn a shared bathroom.Customization opportunities await in a large backyard.Convenient updates include a new roof installed in the last six months as well as new interior and exterior paint.Residents revel in an ideal location around the corner from the future small area plan of Lo retto Heights with easy access to restaurants and international grocery stores on Federal Boulevard and shopping at River Point in Sheridan.”
2. 4831 Lincoln Street
1,166 square feet
Year of construction: 1930
“Opportunity in a booming neighborhood. Close to the convention center and easy access to I-25 and I-70.”
1. 175 South Eliot Street (pictured at top of this article)
Year built: 1922
“This is a great opportunity for new construction or development. There is a structure on the property but it is uninhabitable and needs to be scraped. This is a large, centrally located lot adjacent to downtown Denver. The land is approximately 6,250 square feet and zoned E-SU-DX. Submit all offers with proof of funds, and cash or hard cash is preferred.”