About This Home

This 4-bedroom, 2-bathroom single family at 431 Park Avenue in New Castle, CO is listed for $1,299,000 ($608 per sqft). Built in 1895, the home offers 2,136 sqft of living space on a 1.20 acres lot.

Key Features

  • Built in 1895
  • 1.20 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
2 full
1895

Amenities

Waterfront
Listing Description

Investor Special with Riverfront Opportunity - Endless Potential! Unlock the possibilities at 431 Park Ave, New Castle, CO. This is the project you've been waiting for! Whether you're looking for your next investment, a complete renovation, or a fresh start with a brand-new custom home, this property offers exceptional potential.

The sale includes the existing home, ready for a full remodel or demolition, situated on six Old Town lots, plus a separate neighboring riverfront parcel with direct access to Elk Creek. With the generous footprint and flexible layout, there may be opportunities to subdivide the lots (buyer to verify with the Town of New Castle), build two homes wi

th river frontage, develop a multifamily project, or create your dream home with incredible outdoor space. A unique feature of the property is a natural spring located below the homesite near the river, which feeds a peaceful retention pond, adding to the property's natural beauty and creating a truly one-of-a-kind setting.

Adding to the property's charm is an established orchard featuring apple, plum, chokecherry, apricot, and peachcot trees, providing beauty and seasonal harvests for years to come. Properties with this much land, river access, natural water features, and development potential are hard to find. Bring your vision and transform this unique opportunity into something truly special!

Monthly Cost Estimate

$6,947/mo

20% down · 6.5% · 30 years

Principal$939
Interest$5,629
Insurance$379

Estimates only. Actual payments may vary.

Location

431 Park Avenue

New Castle, CO 81647

Coryell Addition

Property Details

Construction

Vinyl Siding Frame

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom single family at 431 Park Avenue is listed at $1,299,000 ($608/sqft). The estimated monthly payment is $6,947 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1895, 1.20 acre lot, 2 stories, Waterfront.

This property is listed by Marty Rochowiak.

MR

Marty Rochowiak

Agent at Aspen Snowmass Sotheby's International Realty

Listed by Aspen Snowmass Sotheby's International Realty · Broker phone: (970) 925-6060 · View on Broker Site · Broker website

MLS# 193751· Source: Aspen Glenwood MLS· 109 days on PropertySimple

Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

431 Park Avenue, New Castle, CO 81647

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