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Backup Offers

516 E Cheyenne Rd, Colorado Springs, CO, 80905

$285,000

Home List Price

$3,384*

Closing Credit

3 Bedrooms
1 Full Bath
1,294 SqFt
$220/SqFt
House

Location

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516 E Cheyenne Rd, Colorado Springs$285,000

Buyer Closing Credits

$3,384*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1951
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceSee Remarks
ViewCity
MLS #4804344
Lot Size0.19 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 516 E Cheyenne Rd

Fantastic opportunity with this rancher on a large corner lot on the Southwest side! Cute home recently updated including brand new stucco siding and new roof. The rear of the lot is fenced and there is plenty of room to add a garage and for RV parking! The home features three bedrooms and one full bath all on the main level. Brand new front door, new interior paint and luxury vinyl flooring throughout. Kitchen offers a brand new faucet and garbage disposal. Tons of potential with the basement. Currently it is accessed by a trap door in the laundry/utility room, but with some modification, the stairs could be adjusted to open that up to allow easy access from the main level. The basement has a lot of potential for a craft area, workout room, or recreation/theater room plus plenty of storage. The laundry/utility room off the kitchen features electric hookups for the washer and dryer, additional storage cabinets, and a walk out to the fenced in rear yard. Outside you'll find a large patio with outdoor fireplace. This home also comes with central air conditioning and an upgraded electrical panel. Move-in ready with tons of potential to do more!

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Living Area: 1,294 SqFt

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (719) 634-8761
  • Listing Agent: Robin Searle GRI

Interior Features

Interior Information:

  • Appliances: Disposal, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Luxury Vinyl
  • Interior: See Remarks
  • Fireplace: See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Corner Lot, Level
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000
  • Price Per SqFt: $220/SqFt

Tax Information:

  • Annual Amount: $704
  • 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

516 E Cheyenne Rd vs Colorado Springs

37 DAYS ON ROCKET

-3 Days

$285,000

-$170K Less

$220/SqFt

-$12 Less

KEY TAKEAWAY

This property is $170K less than the Median Sold Price and $12/SqFt less than other homes in Colorado Springs, CO.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #4804344

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (719) 634-8761
  • Listing Agent: Robin Searle GRI

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, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$704$10,810
2019$557$10,810
2018$426$8,500
2017$402$8,500

History based on county public records data.

Payment Calculator

$1,490

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$921

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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-627355
8
/10

  • The Vanguard School (Elementary)

  • 1832 S Wahsatch Ave

  • 0.18 miles

  • Public Charter Grades KG-6

school-card-donut-627356
4
/10

  • Stratton Meadows Elementary School

  • 610 Brookshire Ave

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-627357
8
/10

  • Broadmoor Elementary School

  • 440 W Cheyenne Mountain Blvd

  • 1.59 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,846. Residents of Colorado Springs, CO typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 516 E Cheyenne Rd

What is the listing price of this property?

The listing price of 516 E Cheyenne Rd property is $285,000.

What type of property is this?

The property 516 E Cheyenne Rd is a house located in Colorado Springs, Colorado, 80905.

Is this property for sale now?

Accepting Backup Offers: 516 E Cheyenne Rd 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 $704 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 516 E Cheyenne Rd has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 516 E Cheyenne Rd is 1,294 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 516 E Cheyenne Rd is 1951.

Rocket Homes›Colorado›El Paso County›Colorado Springs›80905›516 E Cheyenne Rd

This home is located at 516 E Cheyenne Rd in Colorado Springs, CO and zip code 80905 in the Central Colorado Springs neighborhood. This 1,294 square foot home, which was built in 1951, sits on a 0.19 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $285,000.

In October 2024 more than 52 listings in Colorado Springs, CO were sold above the asking price. During the same period more than 66 listings were sold at asking price, while more than 99 were sold below. The number of listings in Colorado Springs, CO increased by 26.2% between September 2024 and October 2024. Listings spent 40 days on the market in October 2024, and had a median list price of $455,000 during the same period.

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

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