When it comes to Colorado real estate, location is everything. Especially when you are looking at a home in Denver. We've shown you massive mansions, tiny homes, and luxurious penthouses before, but nothing quite like this at this price point.

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With an average price per square foot of $1,642, this 731-square-foot home is listed on Realtor for $1.2 million. The home located at 2615 S. Saint Paul St. in Denver was built in 1941. With a total of three bedrooms and one bath, this home sits between two fairly large, newer homes on the block.

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One could argue that the home could be demolished and a new home could be constructed in its place. But I kind of like the little home.

While there are no photos of the inside of this house, you can get an idea of how small this single-story home is compared to the neighboring homes on either side of the property.

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Why is this small Denver home selling for so much money? The answer is in the location.

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The listing on Realtor says that the house is located in Colorado's University/Observatory Park area and could be a great opportunity for an investment or a redevelopment on this 7,500-square-foot lot.

For more information about this Denver property located at 2615 S. Saint Paul St., see the complete listing on Realtor.

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