DENVER, Colorado — A townhouse in Denver’s Curtis Park neighborhood was originally on the market for $800,000. But the three-bed, three-bath, 2,268 square foot property at 28th and Stout Street is now under contract for less than $500,000.
This Denver townhouse went on the market several months ago after the homeowner passed away, according to listing agent Tim Davis with Weichart Realtors.
It went under contract, but during an inspection high levels of methamphetamine were detected. Lenders won’t back contaminated properties, so the deal fell through.
The property will likely need tens of thousands of dollars worth of remediation. Just about everything in the home will have to be torn out and then rebuilt - hence the price cut.
It went back on the market this week for $500,000. Davis says there’s been an enormous amount of interest, especially from companies experienced in remediation. Just days after the price drop the property is under contract again.
It’s unclear how exactly meth residue ended up all over the home. Denver police say they don’t have any reports of drug activity at that property.
The contamination report filed with Colorado Department of Public Health and Environment can be found here.