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Backup Offers

1124 W Pikes Peak Ave, Colorado Springs, CO, 80904

$714,900

Home List Price

$8,489*

Closing Credit

5 Bedrooms
3 Baths
House

Location

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1124 W Pikes Peak Ave, Colorado Springs$714,900

Buyer Closing Credits

$8,489*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1909
HeatingBaseboard, Forced Air
CoolingCentral Air, Wall Unit(s)
MLS #2138326
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1124 W Pikes Peak Ave

Welcome to this House and Cottage with a double lot on desirable West Pikes Peak Ave, where historic charm meets modern luxury! This cosmetically remodeled property is a rare find. Formerly a 2 bedroom 1 bathroom house, a main level master suite has been added to turn the house into a modern 3 bedroom, 2 bathroom house with central air, PLUS a brand new 2 bedroom, 1 bathroom cottage with separate utilities, ideal for multi-generational living or significant rental income potential! The Main House: Step inside the main house and experience the fresh, modern feel of a complete cosmetic remodel. From the newly installed windows, sleek new flooring, and a brand-new kitchen equipped with top-of-the-line appliances, to the added master suite with its private en-suite bathroom. The home also now features central AC, a new roof, gutters, and windows. The Cottage: But that’s not all—this property includes a detached cottage, offering an exciting opportunity to significantly reduce the cost of homeownership. With 2 bedrooms, a bathroom, and all-new construction, this cottage is completely move-in. It features its own private parking, a fenced-in yard with a charming deck, electric heat, and a mini-split AC system. Plus, with separate utility metering, managing tenants is a breeze! Income Potential: Whether you choose to rent the main house while living in the cottage, or rent both units to maximize your investment, the income potential here is unbeatable. Reduce your mortgage payments through consistent rental income from either unit—an exceptional opportunity for any homeowner or investor! Location, Location, Location: Pikes Peak Ave is a desirable neighborhood just minutes from downtown Colorado Springs. It has easy access to local restaurants, shops, and outdoor activities. Whether you're looking to enjoy the vibrant local lifestyle or take full advantage of the property's rental possibilities, this property offers unmatched flexibility and value.

Property Details

Property Features

Property Information:

  • Year Built: 1909

Listing Office:

  • Office Name: Renjoy Real Estate
  • Office Phone: (719) 650-7245
  • Listing Agent: Jacob Mueller

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: Central Air, Wall Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $714,900

Tax Information:

  • Annual Amount: $1,460
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Colorado Springs, CO.

Med. Sold Price

$455K

Med. Price/SqFt

$232

Avg. Days On Market

40

# of Sold Homes

217

1124 W Pikes Peak Ave vs Colorado Springs

80 DAYS ON ROCKET

+40 Days

$714,900

+$259.9K More

KEY TAKEAWAY

This property is $259.9K more than the Median Sold Price in Colorado Springs, CO.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #2138326

Listing Office:

  • Office Name: Renjoy Real Estate
  • Office Phone: (719) 650-7245
  • Listing Agent: Jacob Mueller

IDX 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.

Copyright © 2024 Pikes Peak Association of REALTORS® and PIKES PEAK REALTOR® Services Corp. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 27, 2009Home Sold
$200,000
Oct 17, 2008Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,460$21,510
2019$1,262$21,510
2018$1,195$17,200
2017$971$17,200

History based on county public records data.

Payment Calculator

$3,636

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,210

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-587583
5
/10
  • Bristol Elementary School

  • 890 N Walnut St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-587584
3
/10
  • Midland Elementary School

  • 2110 Broadway Ave

  • 1.08 miles

  • Public District Grades PK-5

school-card-donut-587585
3
/10
  • Columbia Elementary School

  • 835 E Saint Vrain St

  • 1.85 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,918. The most common annual income of people living in Colorado Springs, CO is less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1124 W Pikes Peak Ave

What is the listing price of this property?

The listing price of 1124 W Pikes Peak Ave property is $714,900.

What type of property is this?

The property 1124 W Pikes Peak Ave is a house located in Colorado Springs, Colorado, 80904.

Is this property for sale now?

Accepting Backup Offers: 1124 W Pikes Peak Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,460 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 27, 2009 for $200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1124 W Pikes Peak Ave has 5 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 1124 W Pikes Peak Ave is 1909.

Rocket HomesColoradoEl Paso CountyColorado Springs809041124 W Pikes Peak Ave

This home is located at 1124 W Pikes Peak Ave in Colorado Springs, CO and zip code 80904 in the Old Colorado City neighborhood. This home, which was built in 1909, sits on a 0.17 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $714,900.

While more than 52 listings in Colorado Springs, CO in October 2024 were sold above asking price, there were more than 66 listings sold at asking price, and more than 99 were sold below. Between September 2024 and October 2024, Colorado Springs, CO real estate market has seen increase in the number of listings by 26.2%. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $455,000.

From Rocket Homes Real Estate and based on county public records data.

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