As we all have seen, the housing market in Colorado can be a bit pricey. According to Realtor, the median home selling prices in the three Colorado metropolitan areas are:

  • Fort Collins - $503k
  • Colorado Springs - $450k
  • Denver - $548k

The average selling price between the three metro areas is half a million dollars. This may seem discouraging for those looking to purchase a home and live a Colorado lifestyle. However, there are some homes in the state that are selling well below the median prices in the three metro areas of Colorado.

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We have found a home in Crestone, Colorado that is very affordable at a listing price of $115k on Realtor. For that price, you probably expect a very small parcel of land, but you are mistaken. This property has a third of an acre and the home has three bedrooms, two bathrooms, and 1,187 square feet of living space.

Colorado Home with Great Mountain Views Listed for $115k

With all the expensive homes for sale in Colorado, it is nice to see a very affordable home listed for under a quarter-million dollars.

The views are majestic from this home as the property gives you unobstructed views of the Sangre De Cristo mountain range and just a short drive to the Great Sand Dunes National Park.

This home is labeled as an investor-only property as it currently has tenants and a lease through July 2022. According to Realtor's monthly payment calculator, a twenty percent down payment of $23k on a thirty-year fixed rate mortgage of 3.113 percent would give you an approximate monthly payment of $507. This monthly payment would include principal, interest, property tax, home insurance, and HOA fees.

See the listing for this home in its entirety HERE.

Source: Realtor

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