518 E 7th Street

Historic 1888 Victorian fixer-upper on a rare 0.42-acre lot composed of multiple consolidated parcels in Leadville’s desirable East Side. Approx. 855 sq ft, 2 bedrooms (non-conforming), 1 bath. Home requires full renovation and will not qualify for conventional financing—cash or rehab loan only. PRICED TO REFLECT KNOWN ISSUES. No repairs will be made by Seller. No heat, no cooling, no kitchen range. Bedrooms are non-conforming. Multiple items are not up to current Lake County code. Explore the potential to separate the lot back to its original plat for future spec home development (buyer to verify with city and county & state). Property includes a mine waste pile that is part of Operable Unit 9 (OU9) of the California Gulch Superfund Site. It is one of 17 piles left in place during OU9 cleanup due to contaminant levels below removal thresholds. However, elevated levels of lead and other contaminants remain, and institutional controls are in place to limit soil disturbance. Any redevelopment, excavation, or subdivision may require oversight from Lake County Environmental Health and the Colorado Department of Public Health and Environment (CDPHE). Due to conditions, access on to site, requires a signed waiver. No one under 18 is allowed on-site. Buyer to verify all information regarding environmental status, property features, lot size, zoning, and redevelopment potential.

Listing Office: HomeSmart Preferred Realty