Grand Junction Colorado Actually Has a House For Sale For $150K
Just when you thought everything in this town was at least $300K, along comes this house in Orchard Mesa. At 528 square feet, you won't be hosting any weddings or Christmas galas in the home, but that's okay. If you're looking for a home with RV parking and a nice lot, this may just fit the bill.
Home For Sale For $150K In Grand Junction, Colorado
This home at 1737 Palisade Street in Grand Junction, Colorado just hit the market in early March 2023. At the list price of $150,000, it won't be on the market long. It's a bit surprising an investor hasn't picked it up already.
Features On The Home
The listing at Realtor.com describes the home as:
- one bed
- one bath
- 528 square feet
- 77 square foot bedroom
- wood stove
- 8,712 square foot lot
- detached single-car garage
- irrigation well included
- RV/boat parking
This May Be Just Perfect
There is such a thing as owning "too much house." If the expense doesn't get you, the upkeep will. This home has a kitchen, bedroom, bathroom, and small office space. If you're a single person, what more do you really need?
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Yes, it will need some work. Guess what? That can be some of the fun. If you possess skills when it comes to light carpentry, landscaping, and general maintenance, a little sweat equity may reap great benefits.
Cost Of Living
Property costs and rent have gone through the roof. It's a miracle anyone can afford any place to live these days. How much would it cost you each month to live in this house?
Let's say for a moment you put $25,000 down and mortgaged the remaining $125,000. Using the Google Mortgage Calculator, your monthly mortgage payment on a 30-year fixed at 7.5% would come to $879.00.
While that's anything but cheap, it may very well be the best deal in town. Given the incredible potential of the land this house occupies, this may prove to be a wise investment.
Hey, Waylon, What Do You Care?
The unbelievably high cost of real estate has me so mad I could squeeze a grape. How are people supposed to live? It was bad enough when I was trying to buy my first home in Grand Junction. Back then, a new home in this same neighborhood would have cost you $90,000.
Take a quick tour of this Grand Junction home. Regrettably, the listing did not include interior shots.