518 E 7th St, Leadville, CO 80461

Property Description

$40,900 Price Improvement! Looking for a budget-friendly project with exceptional potential? This adorable 1888 Victorian offers a rare chance to own a true piece of Leadville history-at a remarkably reasonable price, being sold as is/where is, for an East Side property. Set on a generous 0.42-acre lot, the home spans multiple consolidated parcels, giving you room to reimagine, restore, or plan for future redevelopment if desired (buyer to verify). Or renovate to your liking and move in to this terrific mountain home! The house itself is a full renovation project, and entry requires a signed waiver due to its age and condition. Floors may have soft spots, and sections of the home may not meet current code, making this an opportunity best suited for seasoned renovators, builders, or investors. Cash or rehab loans only. A major bonus is the oversized garage built in 2005-a valuable asset that adds immediate utility and storage while the main home awaits revitalization. The lot includes a mine waste pile under OU9 of the California Gulch Superfund Site. Contaminant levels tested below removal thresholds, but institutional controls limit soil disturbance, and redevelopment may require coordination with CDPHE and Lake County Environmental Health. No one under 18 allowed on-site. Want full documentation? Reach out for environmental reports, ICs, and showing requirements. A rare chance to revive an iconic Victorian on the East Side-offered at a price that reflects both its challenges and its potential.