Buy a Home for $100

By: Tim Ciesco Email
By: Tim Ciesco Email

Housing prices across the Western Slope are at record lows. But you'd be hard pressed to find one lower than the going rate for one home in Montrose -- $100.

The 2,300 square foot home at 925 S. 2nd Street sits quietly, awaiting its new tenants.

"The house has been completely gutted and gone through all the way from the roof, new plumbing, new electrical," said Bill Bond, Construction Supervisor for Habitat for Humanity of Montrose County.

Not to mention new windows, new flooring, new appliances and solid oak cabinets, and new landscaping. And all it will cost you -- $100 -- mortgage, title, and all.

"They can't believe it, especially when they walk through the house," said Bond.

Earlier this year, the two bedroom, two bathroom house was donated to Habitat for Humanity of Montrose County, who decided to raffle it off in hopes of raising the funds it needs to buy land for new projects.

"The proceeds from this will give us the shot in the arm we need to pursue that," said Bond.

Habitat is currently selling raffle tickets for $100 each. Officials say they decided to release only 2,500 tickets --so their value would equal the house's appraised value of roughly $250,000.

Just days into the sale, they say more than 300 tickets have already been sold.

"It's been absolutely overwhelming," said Bond.

Officials say they will raffle the house off once the ticket sale ends October 15 or once all the tickets are sold -- whichever comes first. They are giving interested people a chance to walk through the home during open houses that will take place every Sunday from 10 a.m. to 3 p.m.

"The ultimate prize for us is to get somebody that has lost their home for whatever reason in this economy and be able to get a home," said Bond. "But our attorneys say we can't restrict anybody, so come one and come all."

Tickets can be purchased at the Habitat for Humanity Re-Store on N. 4th Street in Montrose. They can also be purchased during the Sunday open houses. Officials say there is no limit to how many tickets each person can buy.

For more information, you can call Habitat for Humanity of Montrose County at (970) 252-9304.

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