$280,000
PENDING $20K PRICE DROP

521 Observatory Dr Unit 12D Colorado Springs, CO 80904

Westside Neighborhood

Estimated payment $2,003/month

Total Views 1,135
2 Beds
2 Baths
1,212 Sq Ft
$231 Price per Sq Ft

Highlights

  • 2 Car Attached Garage
  • Living Room
  • Dining Room
  • Bristol Elementary, School of the Arts and STEM Rated A-
  • Forced Air Heating System

About This Home

**Charming Two-Bedroom, Two-Full-Bathroom Condo in Promontory Point** Discover this beautifully situated west-side condo featuring stunning Pikes Peak views. With elegant wood floors and an abundance of natural light, this home boasts vaulted ceilings that elevate the living experience. The open layout includes a spacious kitchen, dining, and living room area, complete with a cozy wood-burning fireplace and access to a private balcony—perfect for enjoying those breathtaking views. The main floor hosts a generously sized bedroom with a walk-in closet and an attached bathroom, thoughtfully designed to allow guest access while maintaining privacy. Upstairs, you'll find a loft-style bedroom and bathroom, offering a unique and inviting space. The property includes a two-car tandem garage with an interior entry, ensuring convenience and security while helping to keep utility bills low. Additional storage space is also available. New furnace was installed in 2014. Enjoy the convenience of being within walking distance to Old Colorado City and mere minutes from I-25, Colorado College, and downtown Colorado Springs. The HOA takes care of the beautifully manicured landscape, providing plenty of green space to enjoy, giving you the feel of your own yard.

Listing Agent

Frank Griffin

Flat Rate Realty Group LLC Brokerage Email: Homes@FlatRateRealtyGroup.com,719-283-9098 License #100074937

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $912

Year Built

  • Built in 1984

Lot Details

  • 1,307 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,212 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Schools

  • Bristol Elementary School
  • Holmes Middle School
  • Coronado High School

Utilities

  • Forced Air Heating System

Community Details

  • Prompntory Point Association, Phone Number (719) 578-9111
  • Promontary Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74123-17-052

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$912

Year Built

Built in 1984

Lot Details

0

HOA Fees

$360 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Levels: Two
  • Year Built: 1984
  • Above Grade Finished Sq Ft: 1212
  • Entry Location: Stairs
  • Exclusions: N/A
  • Living Area: 1212
  • Directions: I-25 to Uintah, head west...turn left on Walnut, right or west on Monument, left or south on Manitou, right on Praderia that turns into Observatory Dr
  • SubdivisionName: Promontary Point
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 1
  • REC_UpperLevelBedrooms: 1
  • Attribution Contact: Homes@FlatRateRealtyGroup.com,719-283-9098
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range
  • Full Bathrooms: 2
  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 2
  • Entry Level: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Forced Air

Condo/Co-op/Association

  • Association Name: Prompntory Point
  • Association Fee Frequency: Monthly
  • Association Fee: 360
  • Phone: 719-578-9111
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 4320.00
  • REC_AssociationFeeTotalAnnual: 4320.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Holmes

Lot Info

  • Parcel Number: 74123-17-052
  • Lot Size Acres: 0.03
  • Building Area Total: 1212
  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 912

MLS Schools

  • Elementary School: Bristol
  • High School: Coronado

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $804 $20,800 $4,390 $16,410
2022 $862 $15,400 $2,880 $12,520
2021 $935 $15,850 $2,970 $12,880
2020 $879 $12,950 $2,220 $10,730
2019 $874 $12,950 $2,220 $10,730
2018 $867 $11,810 $1,800 $10,010
2017 $821 $11,810 $1,800 $10,010
2016 $721 $12,430 $1,990 $10,440
2015 $718 $12,430 $1,990 $10,440
2014 $644 $10,710 $1,790 $8,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2025 05/17/25 Pending -- -- --
05/15/2025 05/15/25 Price Changed $280,000 -3.4% $231 / Sq Ft
04/23/2025 04/23/25 Price Changed $290,000 -3.3% $239 / Sq Ft
04/11/2025 04/11/25 For Sale $300,000 -- $248 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $170,000 Land Title Guarantee Co
Warranty Deed $146,900 Fntc
Warranty Deed -- None Available
Trustee Deed -- None Available
Trustee Deed $184,488 None Available
Trustee Deed $358,054 None Available
Warranty Deed $162,000 Unified Title Co Inc
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,900 New Conventional
Previous Owner $136,000 New Conventional
Previous Owner $139,555 New Conventional
Previous Owner $162,000 Seller Take Back
Source: Public Records

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Source: REcolorado®

MLS Number: 5726877

REcolorado®

APN: 74123-17-052