Seller's Agent in 2025
Stephanie Lee
Lee and Associates Real Estate, Inc.
(719) 963-6032
5 in this area
43 Total Sales
244 Washington St Monument, CO 80132
4
Beds
2
Baths
2,084
Sq Ft
7,693
Sq Ft Lot
Highlights
- Additional Residence on Property
- Forced Air Heating System
- Baseboard Heating
- Bear Creek Elementary School Rated A-
- Ceiling Fan
- 2-minute walk to Limbach Park
About This Home
As of August 2025Incredible income-producing opportunity located in the heart of downtown Monument! This rare commercial property features two separate dwellings on one beautifully landscaped lot, offering built-in flexibility and multiple streams of potential income.
The front home is approximately 1,444 sq ft with 3 bedrooms and 1 full bath. Currently configured as private office space for local businesses, each bedroom functions as an individual office. In addition, there's a smaller flex room that could also be leased separately, ideal for a part-time professional or private workspace adding even more income potential. A spacious, sun-filled kitchen with large windows and skylights adds warmth and versatility to the space, making it equally suitable as a short-term rental conversion.
Tucked behind the main home is a updated guest cottage offering approximately 640 sq ft with 1 bedroom, a loft, and a stylish 3/4 bath. French doors lead to a peaceful, private courtyard perfect for relaxing or hosting guests. The cottage is currently operated as a short-term rental and has shown strong demand, even with limited availability. With expanded booking options, the new owner could further maximize its use.
Zoned for commercial use and located just a short walk to Monument Lake, restaurants, shops, farmers markets, and concerts in the park, this property is nestled in one of Monument’s most vibrant and walkable districts. Whether you're looking to expand your investment portfolio, launch a business, or live on-site while generating income, this one-of-a-kind property offers endless potential and long-term value.
****** Take a look at the property video to get a real feel for the layout!********
Last Agent to Sell the Property
Lee and Associates Real Estate, Inc. Brokerage Phone: 719-963-6032 Listed on: 06/13/2025
Last Buyer's Agent
Lee and Associates Real Estate, Inc. Brokerage Phone: 719-963-6032 Listed on: 06/13/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1915
Lot Details
- 7,693 Sq Ft Lot
- Property is Fully Fenced
Parking
- 8 Parking Spaces
Interior Spaces
- 2,084 Sq Ft Home
- Ceiling Fan
- Crawl Space
- Electric Dryer Hookup
Kitchen
- Oven
- Dishwasher
- Disposal
Additional Homes
- Additional Residence on Property
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2025
Closed on
Aug 22, 2025
Sold by
Tedeschi Philip and Albright Rebecca L
Bought by
Mckinley Roy J
Seller's Agent
Stephanie Lee
Lee and Associates Real Estate, Inc.
Buyer's Agent
Stephanie Lee
Lee and Associates Real Estate, Inc.
List Price
$636,500
Sold Price
$625,000
Premium/Discount to List
-$11,500
-1.81%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,282
Avg. Annual Appreciation
-0.98%
Purchase Details
Closed on
Oct 22, 2004
Sold by
Stone William E and Stone Ruth R
Bought by
Tedeschi Philip and Albright Rebecca L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 5, 2001
Sold by
Miller Scott Allen
Bought by
Stone William E and Stone Ruth R
Purchase Details
Closed on
Aug 8, 1994
Sold by
Defelice Samuel G and Defelice Constance J
Bought by
Miller Scott Allen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 19, 1994
Sold by
Defelice Samuel G
Bought by
Defelice Samuel G and Defelice Constance J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,500
Interest Rate
7.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 1993
Bought by
Tedeschi Philip
Purchase Details
Closed on
Aug 1, 1986
Bought by
Tedeschi Philip
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $625,000 | Stewart Title | |
| Warranty Deed | $275,000 | Security Title | |
| Warranty Deed | $180,000 | North American Title Co | |
| Warranty Deed | $85,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $220,000 | Commercial | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $33,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Sold | $625,000 | -1.8% | $300 / Sq Ft |
| 07/17/2025 07/17/25 | Pending | -- | -- | -- |
| 06/13/2025 06/13/25 | For Sale | $636,500 | -- | $305 / Sq Ft |
Source: Pikes Peak REALTOR® Services
Tax History Compared to Growth
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 | $9,728 | $139,020 | -- | -- |
| 2024 | $9,700 | $144,690 | $16,200 | $128,490 |
| 2023 | $9,700 | $144,690 | $16,200 | $128,490 |
| 2022 | $7,510 | $102,310 | $12,270 | $90,040 |
| 2021 | $7,550 | $102,310 | $12,270 | $90,040 |
| 2020 | $6,260 | $81,190 | $10,480 | $70,710 |
| 2019 | $6,231 | $81,190 | $10,480 | $70,710 |
| 2018 | $3,164 | $39,140 | $9,370 | $29,770 |
| 2017 | $3,463 | $39,140 | $9,370 | $29,770 |
| 2016 | $3,017 | $39,660 | $8,920 | $30,740 |
| 2015 | $3,013 | $39,660 | $8,920 | $30,740 |
| 2014 | $3,143 | $39,660 | $8,810 | $30,850 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Lee
-
Andrew Lee
A
Seller Co-Listing Agent in 2025
Andrew Lee
Lee and Associates Real Estate, Inc.
(719) 963-6032
5 in this area
28 Total Sales
Map
Source: Pikes Peak REALTOR® Services
MLS Number: 6430633
APN: 71154-03-020
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