2 months on rocket

1617 N Chestnut St, Colorado Springs, CO, 80907

$1,095,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Baths
Multi

Location

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1617 N Chestnut St, Colorado Springs$1,095,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1919
HeatingHot Water
CoolingCeiling Fan(s)
BasementYes
FireplaceNone
MLS #1231214
Lot Size0.40 Acres
StatusActive

About 1617 N Chestnut St

Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

Property Details

Property Features

Property Information:

  • Year Built: 1919

Listing Office:

  • Office Name: Coldwell Banker 1st Choice Realty
  • Office Phone: (719) 439-1651
  • Listing Agent: Shawn Keehn CRS PSA

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Lot Features

Lot Information:

  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Ceiling Fan(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,095,000

Tax Information:

  • Annual Amount: $1,180
  • Tax Year: 2020
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Housing Market Comparison

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

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Colorado Springs, CO

City

Med. Sold Price

$455K

Med. Price/SqFt

$232

Avg. Days On Market

40

# of Sold Homes

217

1617 N Chestnut St vs Colorado Springs

72 DAYS ON ROCKET

+32 Days

$1,095,000

+$640K More

KEY TAKEAWAY

This property is $640K more than the Median Sold Price in Colorado Springs, CO.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #1231214

Listing Office:

  • Office Name: Coldwell Banker 1st Choice Realty
  • Office Phone: (719) 439-1651
  • Listing Agent: Shawn Keehn CRS PSA

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

Nov 02, 2015Home Sold
$673,000
Mar 08, 2013Home Sold
$156,000
Nov 25, 2008Home Sold
$154,800

Tax History

YEARPROP. TAXASSESSMENT
2020$1,180$17,390
2019$1,014$17,390
2018$961$13,830
2017$754$13,830

History based on county public records data.

Payment Calculator

$5,533

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,349

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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-544196
5
/10

  • Bristol Elementary School

  • 890 N Walnut St

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-544197
8
/10

  • Steele Elementary School

  • 1720 N Weber St

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-544198
7
/10

  • Howbert Elementary School

  • 1023 N 31st St

  • 1.82 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,377. Residents of Colorado Springs, CO typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Colorado›El Paso County›Colorado Springs›80907›1617 N Chestnut St

This home is located at 1617 N Chestnut St in Colorado Springs, CO and zip code 80907 in the West Colorado Springs neighborhood. This home, which was built in 1919, sits on a 0.40 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $1,095,000.

Over 52 listings were sold over their listed price in October 2024 in Colorado Springs, CO. In the same period over 99 listings were sold below the listed price and 66 listings were sold for the listed price. In October 2024 in Colorado Springs, CO there were 26.2% more homes for sale than in September 2024. In October 2024 median list price was $455,000 and the average listing age was 40 days.

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

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