Courtney Engelman

Courtney Engelman

Property

524 W Pikes Peak Avenue, Colorado Springs, CO 80905

3
2
1,309 sqft

$380,000

FHA

Adjust your down payment to see the impact

How much can you bring down?66%
Cash to Close$252,324
Monthly Payment (PITI)
$1,083
Estimated Loan Balance$127,676
Remaining Loan Term20 years, 11 months

You cover the entire equity of $252,324!

Enter a smaller amount if you prefer to use secondary financing

$46,897 in interest paid off

Assumed Rate

3.57%
7.15%

Principal & Interest

$723 /mo
$1,078 /mo

Listing courtesy of: Anthony Petti MRP PSA SRES , Keller Williams Clients Choice Realty

What's Special

INVESTORSFRESH PAINTDININGSPACIOUSFINISHED BASEMENTFENCED YARD

Rare opportunity in Colorado Springs! This property features a single-family home situated on an expansive 11,000 sq. ft. **R-5 ZONED LOT** offering incredible potential for investors, developers, or homeowners with vision. The R-5 zoning allows for high-density residential development! Whether you’re looking to enjoy the existing home, renovate and expand, or unlock the full value of the land through new construction, this property offers unmatched flexibility. The home itself offers main-level living with a finished basement, making it versatile for a variety of needs. Step inside to a spacious living room with fresh paint, a walk-out dining area that opens to the backyard, and a covered front porch perfect for relaxing. The fully fenced yard provides privacy and space for pets, gardening, or entertaining. Recent updates include a **NEW ROOF** and new carpet on the basement stairs and hallway. Located near convenient access to downtown and Old Colorado City, this is a unique chance to secure a large R-5 lot in the heart of the city. Don’t miss the chance to own a property that combines immediate livability with long-term development upside!

Facts & Features

Comprehensive details about this property

Interior Features

Bedrooms & Bathrooms

Bedrooms3
Bathrooms2
Living Area1,309 sqft

Climate Control

CoolingCeiling Fan(s)
HeatingForced Air, Natural Gas
FireplaceNo

Interior Details

Flooring
Materials
Stories

Exterior & Parking

Parking

GarageDetached
Garage Spaces
CarportNo
Covered Spaces

Exterior Features

FencingFull
Roof TypeShingle
Architectural Style

Water & Pool

Sewer
Water SourcePublic
Private PoolNo

Construction & History

Construction Details

Year Built1940
Builder
Property TypeSingle Family Residence
Construction Materials

Community Features

Subdivision
No community features listed

HOA Information

HOANo

Financial & Market

Financial Details

Price per Sqft$290.3
Annual Taxes$1,171
Listed Date2025-09-09T17:40:08.312Z

Location

CityColorado Springs
StateCO
ZIP Code80905
CountyEl Paso

Listing Information

MLS ID5232238
Last Updated2025-09-09T17:40:00.072Z
Source
Inquire 524 Pikes Peak

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

MLS ID: 5232238

Listing From:

Last updated: 2025-09-09T17:40:00.072Z

© , PPMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Follow Us
NextHome Foundations

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than NextHome Foundations are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

equal-housing

UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.