Under $75K Thursday ~ c.1883 Fixer Upper in Las Animas, CO $54K

428 Elm Ave, Las Animas, CO 81054 $54,000 Off Market

Fixer Upper

House view featured at 428 Elm Ave, Las Animas, CO 81054

OHU50K NOTES

Of course, when a property is this cheap in a western state, we know there has to be a big issue. The house needs repairs that are very doable, but apparently the town has water issues.

Per Wikipedia:

Water is a central issue in Las Animas. Like many cities in southeastern Colorado, Las Animas competes with wealthier cities on the Front Range for the water to sustain life and the local agricultural economy. Developers and municipalities have capitalized upon drought and low crop prices by buying water from desperate farmers. As this water is diverted upstream to serve the larger cities, Las Animas loses access to this important resource.

Because of the poor quality of the city’s water supply, a reverse-osmosis filtration plant was installed in the mid-1990s. The loss of minerals in the water resulted in the collapse of many water mains, which had been supported by mineral deposits that formed on the insides of the pipes

1bed
1bath
912sqft
7,000sqft lot
Year Built 1883
Google Map
Property Listing
Contact Realtor: Tina Godfrey with Norm Murphy & Associates

Yard featured at 428 Elm Ave, Las Animas, CO 81054

REALTOR COMMENTS

Opportunity knocks, especially in this real estate market! This property consists of a one bedroom home located on a fenced lot with a detached garage. Typical for this era, you’re greeted by an enclosed front porch that leads guests into a large living room full of natural lighting. The wall of windows in the southern facing nook provides an ideal location for house plants and/or a reading area. There once was a wood burning fireplace located in the corner of the living room – the heat shields and chimney still remain. An arched opening showcases the formal dining room. The kitchen is a L-shaped design, complete with appliances. All rooms are generously sized. Outside you’ll find a fenced back yard complete with mature landscaping and a newer sewer line. The one-car detached garage has room for work benches, extra storage, and is accessible from the alley. This is a property with a lot of potential but there is no doubt this property also needs some repairs and upgrades. Seller will be removing the back porch to address how it is pulling away from the house. Price will be adjusted accordingly for any repairs…so act before repairs are made to get the best deal possible!