The Least & Most Expensive Houses on the Market in Grand Junction
Is the cost of living in Grand Junction giving you the blues? Me, too. Just for kicks, I thought it would be fun to compare the most expensive and the least expensive houses on the market right now in Grand Junction.
Are you okay with making a huge mortgage payment every month? Would you be happier to have a small mortgage payment with money left over for other things? When it comes to the cost of housing in Grand Junction, here's a look at both ends of the spectrum.
Most Expensive vs. Least Expensive House in Grand Junction
Both of these homes are on the market at this time, October 18, 2021. The point of this comparison is to see the contrast in monthly costs associated with the homes.
The Most Expensive Home Currently on the Market in Grand Junction
This home can be found at 714 Curecanti Circle. It lists at $3,200,000. It is described as:
- 8,787 square feet
- 3 bedroom
- 5 bathroom
- wine room
- game room
- steam room
- movie theater
The Least Expensive Home Currently on the Market in Grand Junction
This home can be found at 585 25 1/2 Road #63. It lists at $39,000.00. It is described as:
- 924 Square feet
- 2 bedroom
- 2 bathroom
Crunching the Numbers
On a 30-year fixed-rate mortgage, the home at 714 Curecanti Circle would run you $12,725 a month to own.
In contrast, on a 30-year fixed-rate mortgage the home at 585 25 1/2 Road would cost you $656 a month to own (not including lot fees).
Put simply, you could own the second house for roughly the same amount as it would cost to make three months of house payments on the other.
Not Taking Sides
I'm not in the market for another house right now. I'm already punching myself in the head for having purchased a number of income properties years ago. Once it becomes clear what kind of mental illness motivated me to become a landlord I'll begin the search for a cure.
I'm in no way taking sides in this comparison. I've been to the more expensive home before. It is amazing. I have tremendous respect for the craftsmen behind this magnificent home. At the same time, I'm a huge fan of designers who can make the most out of finite space as with the least expensive home. In my opinion, they're both excellent prospects.
More than anything, it's my intention to simply present the options available to the local home buyer.