705 E Hills Rd Colorado Springs, CO 80909
Knob Hill NeighborhoodEstimated payment $1,767/month
Highlights
- No Units Above
- Wood Flooring
- No HOA
- 0.35 Acre Lot
- Private Yard
- Living Room
About This Home
PRICE REDUCED! INCREDIBLE INVESTMENT OPPORTUNITY!
This property offers exceptional potential for the right buyer. With vision and renovation, it could be transformed into a charming single-family home surrounded by nature. The lot features mature trees, natural rock formations, and lush landscaping that create a serene, mountain-like atmosphere. Previous plans included adding koi ponds throughout the property—an idea that could easily be revived to create a stunning garden retreat.
For developers, the possibilities are even greater. The seller has consulted with the city and was informed that this one-third-acre lot may be suitable for two duplexes and two ADU structures (buyer to verify all information and perform their own due diligence).
The owner is open to owner-carry financing but prefers an outright sale.
Discover the potential this unique property holds—whether as a private sanctuary or a smart investment project!
Listing Agent
HomeSmart Brokerage Email: rickallanhomes@outlook.com,303-919-8472 License #100052875 Listed on: 07/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $919
Year Built
- Built in 1946
Lot Details
- 0.35 Acre Lot
- No Common Walls
- No Units Located Below
- East Facing Home
- Property is Fully Fenced
- Many Trees
- Private Yard
- Property is zoned R-2
Parking
- 2 Car Garage
- 1 RV Parking Space
Home Design
- Bungalow
- Entry on the 1st floor
- Fixer Upper
- Block Foundation
- Frame Construction
Interior Spaces
- 1-Story Property
- Living Room
- Wood Flooring
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Unfinished Basement
- Partial Basement
- Exterior Basement Entry
Schools
- Queen Palmer Elementary School
- Galileo Middle School
- Palmer High School
Utilities
- No Cooling
- Forced Air Heating System
- 220 Volts in Garage
- 110 Volts
- Private Water Source
- Phone Available
Additional Features
- Outdoor Grill
- Ground Level
Community Details
- No Home Owners Association
- Reeves Subdivision
Listing and Financial Details
- Exclusions: The wood piles can be purchased with the property or separately at a negotiated price.
- Assessor Parcel Number 64094-07-024
Map
Home Values in the Area
Average Home Value in this Area
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 | $919 | $21,090 | -- | -- |
| 2024 | $810 | $20,920 | $3,430 | $17,490 |
| 2022 | $6,285 | $12,740 | $2,540 | $10,200 |
| 2021 | $774 | $13,110 | $2,620 | $10,490 |
| 2020 | $662 | $9,760 | $2,290 | $7,470 |
| 2019 | $659 | $9,760 | $2,290 | $7,470 |
| 2018 | $570 | $7,770 | $1,510 | $6,260 |
| 2017 | $540 | $7,770 | $1,510 | $6,260 |
| 2016 | $431 | $7,440 | $1,670 | $5,770 |
| 2015 | $430 | $7,440 | $1,670 | $5,770 |
| 2014 | $422 | $7,020 | $1,670 | $5,350 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $320,000 | -8.6% | $513 / Sq Ft |
| 07/03/2025 07/03/25 | For Sale | $350,000 | -- | $561 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: REcolorado®
MLS Number: 5562861
APN: 64094-07-024
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