NOT LISTED FOR SALE

1508 E Pikes Peak Ave Colorado Springs, CO 80909

Hillside Neighborhood

Estimated Value: $465,823 - $542,000

4 Beds
2 Baths
1,872 Sq Ft
$263/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $475,000 $254 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,648/month

4 Days on Market

Highlights

  • Views of Pikes Peak
  • Property is near a park
  • Hiking Trails
  • Meadow
  • Multiple Fireplaces
  • 2 Car Attached Garage

About This Home

As of October 2024

Fantastic investment opportunity in downtown Colorado Springs. Duplex located across from Memorial Park. Both units are rented. Each unit has 2 bedrooms, 1 bath,, fireplace, 1 car attached garage and in unit laundry. Newer roof, freshly painted exterior, new concrete back patios, newer furnaces, newer water heaters, stainless appliances and water proof luxury vinyl floors throughout the main level. Both units have long term tenants. Great Pikes Peak and mountain views. Great access to the amenities of downtown. Please do not visit the property without approval from listing agent as both units are occupied.

Last Agent to Sell the Property

Michael Turner

LIV Sotheby's International Realty CO Springs Brokerage Phone: 303-893-3200 Listed on: 09/04/2024

Last Buyer's Agent

Melissa Woodley

RE/MAX Real Estate Group License #FA40022723

RE/MAX Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1985

Lot Details

  • 8,294 Sq Ft Lot
  • Meadow
  • Landscaped with Trees

Parking

  • 2 Car Attached Garage

Property Views

  • Pikes Peak
  • Mountain

Home Design

  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Crawl Space
  • Oven
  • Electric Dryer Hookup

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Concrete Porch or Patio

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$762

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Total Bathrooms: 2
  • LaundryFacilites: Electric Hook-up, Main
  • Property Attached Yn: Yes
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Fill Sq Ft Total: 1872
  • Year Built: 1985
  • Attribution Contact: 303-893-3200
  • Special Features: None

Interior Features

  • Appliances: Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Type: Two, Wood Burning
  • Floor Plan: 2 Story
  • Flooring: Carpet, Luxury Vinyl
  • MainFloorBedroomYN: No
  • Finished Sq Ft: 1872

Exterior Features

  • New Construction: Existing Home
  • Foundation Details: Crawl Space
  • Lot Type: Meadow, Mountain View, Trees/Woods, View of Pikes Peak
  • Lot Location: Hiking Trail, Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center
  • PatioDesc: Concrete
  • Roof: Composite Shingle
  • Exterior Construction: Stucco, Wood
  • Structure: Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Type: Attached

Utilities

  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
  • Hot Water: Municipal

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Schools

  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1904
  • Lot Size: 8296.0000

Tax Info

  • Flip Tax Amount: 761.72
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Oct 4, 2024
Sold by
1508 E Pikes Peak Avenue Llc
Bought by
Helsley Michael Richard
Seller's Agent
Michael Turner
LIV Sotheby's International Realty CO Springs
Buyer's Agent
Melissa Woodley
RE/MAX Real Estate Group
List Price
$475,000
Sold Price
$475,000
Views
5
Current Estimated Value
$491,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,956
Avg. Annual Appreciation
3.36%
Original Mortgage
$451,250
Outstanding Balance
$446,506
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$45,450

Purchase Details

Closed on
Jan 23, 2020
Sold by
Pikes Peak Rentals & Services Ltd
Bought by
1508 E Pikes Peak Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
2%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2017
Sold by
Penner Teresa Lee and Penner Terry
Bought by
Pikes Peak Rentals And Services Lytd

Purchase Details

Closed on
Sep 27, 2002
Sold by
Wilson James A and Wilson Gail T
Bought by
Penner Teresa L

Purchase Details

Closed on
Aug 1, 1985
Bought by
Pikes Peak Rentals And Services L

Purchase Details

Closed on
Feb 1, 1985
Bought by
Pikes Peak Rentals And Services L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Helsley Michael Richard $475,000 Coretitle
1508 E Pikes Peak Avenue Llc $235,000 Unified Title Co
Pikes Peak Rentals And Services Lytd -- None Available
Penner Teresa L $170,000 North American Title Co
Pikes Peak Rentals And Services L -- --
Pikes Peak Rentals And Services L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helsley Michael Richard $451,250
Previous Owner 1508 E Pikes Peak Avenue Llc $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $475,000 0.0% $254 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $475,000 -- $254 / Sq Ft
Source: Pikes Peak REALTOR® Services

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $870 $23,820 -- --
2024 $762 $20,040 $4,930 $15,110
2022 $910 $16,270 $4,470 $11,800
2021 $1,010 $17,110 $4,700 $12,410
2020 $956 $14,090 $3,620 $10,470
2019 $951 $14,090 $3,620 $10,470
2018 $971 $11,730 $2,970 $8,760
2017 $815 $11,730 $2,970 $8,760
2016 $621 $10,720 $2,740 $7,980
2015 $619 $10,720 $2,740 $7,980
2014 $614 $10,210 $2,630 $7,580
Source: Public Records

Agents Affiliated with this Home

  • Michael Turner

    Seller's Agent in 2024

    Michael Turner

    LIV Sotheby's International Realty CO Springs

    (719) 434-0199

    3 in this area

    232 Total Sales

    Michael Turner
    Section Image
  • Melissa Woodley

    Buyer's Agent in 2024

    Melissa Woodley

    RE/MAX

    2 in this area

    16 Total Sales

    Melissa Woodley
    Section Image
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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 4291771

Pikes Peak REALTOR® Services

APN: 64171-23-018

Colorado El Paso County Colorado Springs 80909 Hillside

1508 E Pikes Peak Ave, Colorado Springs, CO

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Pikes Peak REALTOR® Services IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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