515 Lake St, Rangely, CO 81648

Charming and full of character, this adorable home sits right in the center of Rangely on a spacious 0.18-acre fully fenced lot. Local history suggests this may have been one of the earliest homes built in Rangely, giving it a unique story and timeless appeal. Inside, the home offers a great functional floor plan with 2 bedrooms, 1 bathroom, and multiple flexible living spaces. The large living room with bay window provides plenty of natural light, while the central flex room can easily serve as a second living area, dining room, office, or hobby space. The spacious kitchen has been nicely updated and features all newer appliances, offering plenty of cabinetry and workspace. The home also includes a convenient mud room entry, a large bathroom, and two comfortable bedrooms, each with sliding glass doors providing direct access to the outdoors. Many of the major updates have already been completed, including fresh interior and exterior paint (2024), new roof (2022), new gutters (2023), new appliances, new water heater, and a new water main meter. The home also includes fiber internet availability, a security system, a wall air conditioning unit, and mixed heating with a wall heater for the main living space and electric heat in the bedrooms. Outside, the property truly shines. The large fenced yard is a peaceful retreat filled with mature trees, fruit trees, and seasonal wildflowers, creating a beautiful outdoor setting throughout the year. A large storage shed provides additional space for tools, equipment, or hobbies. The home is in remarkably solid condition for its 1920 construction. Some cosmetic updates such as new flooring or personal touches could easily transform the space while preserving its classic character. If you're looking for a home with charm, history, and potential, this property is a wonderful opportunity—and one of the most affordable character homes available in Rio Blanco County!!!