125 E 3rd St N, Cheyenne Wells, CO, 80810
About This Home
Investor special with value-add potential! This spacious home offers a layout that could lend itself to a variety of renovation strategies. The main level features high ceilings, exposed brick accents, laminate flooring, three bedrooms, a three-quarter bath, and an open living, dining, and kitchen area. Many of the upper-level windows have been updated to vinyl, and the upper kitchen cabinetry appears newer, providing a starting point for your renovation plans. The basement includes a large family room, kitchenette with dining area, full bathroom, laundry area, and two bedrooms plus an additional non-conforming bedroom. With its separate side entrance, the lower level may offer potential for a separate living area, guest quarters, or rental income opportunity. The property does need rehabilitation and is suited for investors, contractors, or buyers seeking a major renovation project. Missing kitchen components, worn flooring, deferred maintenance, and overall condition will require investment and updating. Located on the edge of town with a manageable yard and convenient access to local amenities, this property presents an opportunity to restore and reposition a home with considerable square footage and flexible living arrangements.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1939
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedroom2
- Level: Main
- Area: 120
Bedroom3
- Level: Main
- Area: 120
Bedroom4
- Level: Basement
- Area: 132
Bedroom5
- Level: Basement
- Area: 132
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bedrooms: 3
Dining Room
- Level: Main
- Area: 56
Features
- None
Interior Area
- Total structure area: 2,320
- Total interior livable area: 2,320 sqft
Kitchen
- Level: Main
- Area: 110
Living Room
- Level: Main
- Area: 240
Master Bedroom
- Level: Main
- Area: 120
Property
Details
- Zoning: Unk
- Special condition: Real Estate Owned
Features
- Patio & porch: None
- Exterior features: None
Lot
- Lot size: 4,094 sqft
- Lot size dimensions: 65 x 63
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Winter Weather
- Drought
- Lightning
- Strong Wind
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $480 | $5,760 |
| Home Insurance * | $222 | $2,664 |
| Property Taxes | $32 | $384 |
| Electricity | $186 | $2,232 |
| Total | $920 | $11,040 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $76,000 |
| 2026-06-23 | Listed for sale | $95,000 |
View on Zillow