2 months on rocket

521 Observatory Dr, Colorado Springs, CO, 80904

$320,000

Home List Price

$3,800*

Closing Credit

2 Bedrooms
2 Full Baths
1,212 SqFt
$264/SqFt
Condo

Location

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521 Observatory Dr, Colorado Springs$320,000

Buyer Closing Credits

$3,800*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingTandem
Year Built1984
HeatingForced Air
CoolingCeiling Fan(s), Other
BasementYes
FireplaceMain Level, One, Wood Burning
MLS #7588219
Lot Size0.03 Acres
StatusActive

About 521 Observatory Dr

**Charming Two-Bedroom, Two-Full-Bathroom Condo in Promontory Point** Discover this beautifully situated west-side condo featuring stunning Pikes Peak views. With elegant wood floors and an abundance of natural light, this home boasts vaulted ceilings that elevate the living experience. The open layout includes a spacious kitchen, dining, and living room area, complete with a cozy wood-burning fireplace and access to a private balcony—perfect for enjoying those breathtaking views. The main floor hosts a generously sized bedroom with a walk-in closet and an attached bathroom, thoughtfully designed to allow guest access while maintaining privacy. Upstairs, you'll find a loft-style bedroom and bathroom, offering a unique and inviting space. The property includes a two-car tandem garage with an interior entry, ensuring convenience and security while helping to keep utility bills low. Additional storage space is also available. New furnace was installed in 2014. Enjoy the convenience of being within walking distance to Old Colorado City and mere minutes from I-25, Colorado College, and downtown Colorado Springs. The HOA takes care of the beautifully manicured landscape, providing plenty of green space to enjoy, giving you the feel of your own yard.

Property Details

Property Features

Property Information:

  • Year Built: 1984
  • Living Area: 1,212 SqFt

Listing Office:

  • Office Name: Flat Rate Realty Group LLC
  • Office Phone: (719) 283-9098
  • Listing Agent: Frank Griffin ABR AHWD CRETS EPRO GRI MRP PSA RENE RSPS SFR SRES SRS

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Basement: Yes
  • Interior: Nine Foot Plus Ceilings, Great Room, Vaulted Ceiling(s)
  • Fireplace: Main Level, One, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Tandem

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $320,000
  • Price Per SqFt: $264/SqFt

HOA Fees:

  • Amount: $360
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $879
  • 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

521 Observatory Dr vs Colorado Springs

69 DAYS ON ROCKET

+29 Days

$320,000

-$135K Less

$264/SqFt

+$32 More

KEY TAKEAWAY

This property is $135K less than the Median Sold Price and $32/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #7588219

Listing Office:

  • Office Name: Flat Rate Realty Group LLC
  • Office Phone: (719) 283-9098
  • Listing Agent: Frank Griffin ABR AHWD CRETS EPRO GRI MRP PSA RENE RSPS SFR SRES SRS

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: 11/21/2024, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 28, 2017Home Sold
$170,000
Dec 12, 2014Home Sold
$146,900
Dec 14, 2009Home Sold
$131,674
Jan 02, 2004Home Sold
$162,000

Tax History

YEARPROP. TAXASSESSMENT
2020$879$12,950
2019$866$12,950
2018$821$11,810
2017$721$11,810

History based on county public records data.

Payment Calculator

$2,025

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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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-461099
5
/10

  • Bristol Elementary School

  • 890 N Walnut St

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-461100
3
/10

  • Midland Elementary School

  • 2110 Broadway Ave

  • 1.19 miles

  • Public District Grades PK-5

school-card-donut-461101
8
/10

  • Steele Elementary School

  • 1720 N Weber St

  • 1.66 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 $45,918. Residents of Colorado Springs, CO typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 521 Observatory Dr

What is the listing price of this property?

The listing price of 521 Observatory Dr property is $320,000.

What type of property is this?

The property 521 Observatory Dr is a condo located in Colorado Springs, Colorado, 80904.

Is this property for sale now?

Active Listing: 521 Observatory Dr 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 $879 (source: MLS/based on county public records data).

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

The last sale was on February 28, 2017 for $170,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 521 Observatory Dr has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 521 Observatory Dr is 1,212 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 521 Observatory Dr is 1984.

Rocket Homes›Colorado›El Paso County›Colorado Springs›80904›521 Observatory Dr

This home is located at 521 Observatory Dr in Colorado Springs, CO and zip code 80904 in the Old Colorado City neighborhood. This 1,212 square foot home, which was built in 1984, sits on a 0.03 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $320,000.

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. In October 2024 in Colorado Springs, CO there were 26.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $455,000, while the average time on the real estate market was 40 days.

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

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