Historic, Character Home, Finished Basement
1918 Colorado Cottage, 1848 Square Feet, Small-Town Aguilar — $65,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1918 cottage, 1848 sqft, stucco exterior, historic character, small-town Colorado setting |
| Condition | 25% | 5 | No system dates given; forced-air propane noted; no renovation history; cosmetic/unknown state |
| Price / Sq Ft | 15% | 9 | Listing $35/sqft vs zip median $123/sqft — 72% below; 2 comps, directional but striking |
| Price vs. Market | 5% | 1 | $65K vs $339,900 median — 81% below, but zip median likely skewed by acreage/land sales |
| Market Conditions | 5% | 7 | DOM 32 vs median 34, sale-to-list 94.4%, price drops 40.7% — clear buyer's market signal |
At $65,000 for a 1918 house in Colorado, you stop and look twice. Not because the price signals something wonderful — it signals something unknown. But 1,848 square feet for that number, in a state where the median price per square foot in this zip code runs around $123, means you're looking at roughly $35 per square foot. That gap is wide enough to absorb a lot of work and still come out ahead.
The house is a single-story stucco cottage, wood-frame construction on a perimeter foundation, composition shingle roof. Three bedrooms, one bath. The layout is straightforward, which is worth something when you're starting a renovation. Heat runs on forced-air propane. The listing gives no dates on systems, no renovation history, nothing that tells you what's been touched and what hasn't. That's the honest uncertainty here: you don't know what you're walking into beyond the structure itself. Condition is the variable, and the listing gives you little to work with on that front.
The lot is 6,011 square feet, which gives you a yard without being unmanageable. Municipal water and sewer through the Town of Aguilar. A few blocks from the local school campus. Driveway parking with street parking available.
The hard thing to say plainly: the price-versus-market comparison the listing implies is mostly a function of what else sells in this zip code, which appears skewed by land and acreage sales. Aguilar is a small Southern Colorado town, and the buyer pool for a project house here is thin. The market is showing that clearly — about 40 percent of listings have taken price cuts, and sale-to-list ratios are in the low 90s.
So what you have is a 106-year-old house that needs an honest look before you commit, in a market where buyers have leverage and sellers know it. If the bones are sound and the systems are workable, $65,000 for 1,848 square feet in Colorado is the kind of entry point that makes a first house or a long project feel financially survivable. That's what the price makes possible.
