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307 S Institute St, Colorado Springs, CO, 80903

$370,000

Home List Price

$4,394*

Closing Credit

4 Bedrooms
2 Full Baths
1,440 SqFt
$257/SqFt
House

Location

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307 S Institute St, Colorado Springs$370,000

Buyer Closing Credits

$4,394*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1914
HeatingForced Air
CoolingNone
BasementYes
ViewCity, Mountain(s)
MLS #5892008
Lot Size0.07 Acres
StatusActive

About 307 S Institute St

Charming 4-Bedroom Bungalow with Pikes Peak views in the highly desirable Hillside neighborhood. This delightful 4- bedroom, 2-bathroom bungalow offers the perfect blend of historic charm and modern updates. Built in 1914, this home exudes character with its classic covered front porch that invites you to relax while enjoying stunning views of Pikes Peak and the Front Range. The home sits just blocks from Memorial Park and Prospect Lake, providing fantastic opportunities to enjoy local events, including the Fourth of July fireworks displays. Additionally, the vibrant new South End of downtown Colorado Springs is just 1 mile away, offering a variety of trendy restaurants, shops, and entertainment options. Inside, the main level features 2 cozy bedrooms and a full bathroom, as well as a freshly updated kitchen with new paint, new countertops, a new sink, and new Whirlpool stainless steel appliances. New laminate flooring in the kitchen and fresh carpeting in the lower level add modern touches, while newer vinyl windows bring in plenty of natural light. The lower level offers an additional 2 bedrooms and a full bathroom, perfect for guests or a growing family. The laundry room is located on the lower level and the washer and dryer included. This low-maintenance home is situated on a smaller lot with a storage shed and off-street parking. The stucco siding ensures minimal upkeep, allowing you more time to enjoy the beauty and excitement of the surrounding area. Whether you're drawn to the charm of this home or its prime location near parks, dining, and local attractions, this property offers a wonderful opportunity to live in one of Colorado Springs' most vibrant neighborhoods.

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 1,440 SqFt

Listing Office:

  • Office Name: LIV Sotheby's International Realty
  • Office Phone: (719) 337-1908
  • Listing Agent: Sherry Landwehr

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Laminate
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: City, Mountain(s)

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Pikes Peak Ave. to Institute. South on Institute to 307. The property will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $370,000
  • Price Per SqFt: $257/SqFt

Tax Information:

  • Annual Amount: $824
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$489.9K

Med. Price/SqFt

$220

Avg. Days On Market

51

# of Sold Homes

173

307 S Institute St vs Colorado Springs

31 DAYS ON ROCKET

-20 Days

$370,000

-$119.9K Less

$257/SqFt

+$37 More

KEY TAKEAWAY

This property is $119.9K less than the Median Sold Price and $37/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #5892008

Listing Office:

  • Office Name: LIV Sotheby's International Realty
  • Office Phone: (719) 337-1908
  • Listing Agent: Sherry Landwehr

IDX Listings courtesy of REColorado as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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: 12/22/2024, 12:57:49 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

Jun 17, 2003Home Sold
$95,400

Tax History

YEARPROP. TAXASSESSMENT
2020$824$12,140
2019$653$12,140
2018$619$8,900
2017$479$8,900

History based on county public records data.

Payment Calculator

$1,914

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,176

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-866278
3
/10
  • Columbia Elementary School

  • 835 E Saint Vrain St

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-866279
3
/10
  • Hunt Elementary School

  • 2101 Manitoba Dr

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-866280
5
/10
  • Queen Palmer Elementary School

  • 1921 E Yampa St

  • 1.46 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,061. The most common annual income of people living in Colorado Springs, CO is between $35k-100k. Typical family type 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

Frequently Asked Questions About 307 S Institute St

What is the listing price of this property?

The listing price of 307 S Institute St property is $370,000.

What type of property is this?

The property 307 S Institute St is a house located in Colorado Springs, Colorado, 80903.

Is this property for sale now?

Active Listing: 307 S Institute St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $824 (source: MLS/based on county public records data).

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

The last sale was on June 17, 2003 for $95,400. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 307 S Institute St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 307 S Institute St is 1,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 307 S Institute St is 1914.

Rocket Homes›Colorado›El Paso County›Colorado Springs›80903›307 S Institute St

This home is located at 307 S Institute St in Colorado Springs, CO and zip code 80903 in the Central Colorado Springs neighborhood. This 1,440 square foot home, which was built in 1914, sits on a 0.07 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $370,000.

In November 2024 more than 38 listings in Colorado Springs, CO were sold above the asking price. During the same period more than 46 listings were sold at asking price, while more than 89 were sold below. The number of homes for sale in Colorado Springs, CO increased by 14.4% between October 2024 and November 2024. In November 2024 median list price was $489,900 and the average listing age was 51 days.

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

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