1 month on rocket

1617 N Chestnut St, Colorado Springs, CO, 80907

$1,095,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Baths
3,802 SqFt
$288/SqFt
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
CoolingNone
BasementYes
MLS #9011885
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
  • Living Area: 3,802 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER 1ST CHOICE REALTY
  • Office Phone: (719) 439-1651
  • Listing Agent: Shawn Keehn

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: None

School Info

Assigned Schools Information:

  • Coronado High School, Public District Grades 9-12
  • Holmes Middle School, Public District Grades 6-8
  • Bristol Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From I25, head west on Centeninial blvd exit, left on N. Chestnut

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,095,000
  • Price Per SqFt: $288/SqFt

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.

Med. Sold Price

$480K

Med. Price/SqFt

$224

Avg. Days On Market

37

# of Sold Homes

198

1617 N Chestnut St vs Colorado Springs

41 DAYS ON ROCKET

+4 Days

$1,095,000

+$615K More

$288/SqFt

+$64 More

KEY TAKEAWAY

This property is $615K more than the Median Sold Price and $64/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in September 2024

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #9011885

Listing Office:

  • Office Name: COLDWELL BANKER 1ST CHOICE REALTY
  • Office Phone: (719) 439-1651
  • Listing Agent: Shawn Keehn

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IDX ©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.

Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 1:57:48 AM 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

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.

Elementary School

school-card-donut-727392
5
/10
  • Bristol Elementary School

  • 890 N Walnut St

  • 0.79 miles

  • Public District Grades PK-5

Middle School

school-card-donut-727393
5
/10
  • Holmes Middle School

  • 2455 Mesa Rd

  • 1.23 miles

  • Public District Grades 6-8

High School

school-card-donut-727394
5
/10
  • Coronado High School

  • 1590 W Fillmore St

  • 1.61 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,377. The most common annual income of people living in Colorado Springs, CO is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesColoradoEl Paso CountyColorado Springs809071617 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 3,802 square foot 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.

In September 2024 more than 47 listings in Colorado Springs, CO were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 100 were sold below. The number of listings in Colorado Springs, CO increased by 28.2% between August 2024 and September 2024. The median list price of listings available in September 2024 was $480,000, while the average time on the real estate market was 37 days.

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

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