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Denver
Denver
Price: $225,000
State of repair: Needs a lot of work

This is an example of a potentially fine house that has sunk into disrepair and distress, making it very hard to compete for buyers' attentions.

There's paint chipping off the exterior trim, pieces of siding have gone AWOL and window panes have been painted over. Weeds have sprung up in the yard.

On the plus side, there are artisanal features that often come with century-old homes: lovely interior woodwork and columns, clawfoot tub, casement windows and a fireplace. But it needs a "top to bottom" rehab.

Once that's done, the new owner will have a 1,400-square-foot house in a tidy neighborhood less than five miles west of downtown Denver.

For more info: HomeVestors



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Last updated March 22 2011: 11:15 AM ET
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