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Sold for $540,000
  • $540,000

    138 Rainbow Pl, Colorado Springs, CO 80906

    4beds
    2,208sqft
    Single Family Residence
    Built in 1955
    0.29 Acres Lot
    $-- Zestimate®
    $245/sqft
    $2,607 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,607/mo

    Zestimate® history
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    What's special

    Charming ranch home sitting on over a quarter acre lot, lovingly owned by the same family more than 45 yrs. That kind of long term ownership shows in all the right ways. This is a well cared for home that has been maintained with pride over time. Located on a quiet, low traffic loop street just minutes from The Broadmoor Hotel & outdoor escapes including Stratton Open Space & North Cheyenne Canon Park offering both convenience and access to nature. Original hardwood floors are in excellent condition & add warmth, character, and a sense of history you simply cannot replicate today. The living room is bright & inviting with a large picture window that fills the space with natural light. The floor plan flows naturally into the kitchen which features an eat in counter, generous cabinet space & newer appliances. The main level offers main level living with a primary bedroom, two additional bedrooms & full bathroom. Exterior curb appeal stands out with front landscaping, classic brick exterior & decorative shutters that give the home a timeless feel. A covered front porch with a white picket walkway creates a welcoming entry. The two car garage is a rare feature in the neighborhood. The huge backyard is spacious & private with mature lilac trees and plenty of room for gardening, pets, play, or simply enjoying the outdoor space. The basement is more than 80% finished and offers additional endless potential. It includes a fourth non conforming bedroom, family room, spacious laundry/utility area, multiple storage rooms & a full bathroom with a brand new vanity. This space could easily function as a secondary living area or extended living suite. Just waiting for your vision. Homes in this area rarely come to market. This property stands out for its lot size, condition, layout & long term ownership history, all in one of Colorado Springs’ most established & desirable areas. A solid, well loved home in a quiet residential enclave. YOUR POT OF GOLD AT THE END OF THE RAINBOW!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Messick ABR AHWD GREEN GRI MRP SRES 719-337-5343,

    Galvan and Gardner Real Estate Group, Inc.

    Bought with:

    Katrina Hegeman

    Exp Realty LLC

    Source: elevateMLS,MLS#: 5625240MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Other
    • Level: Main
    • Area: 121 Square Feet
    • Dimensions: 11 x 11
    Heating
    • Forced Air, Natural Gas, See Prop Desc Remarks
    Cooling
    • None
    Appliances
    • Included: 220v in Kitchen, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Washer
    Features
    • High Speed Internet
    • Flooring: Ceramic Tile, Wood
    • Windows: Window Coverings
    • Basement: Full,Partially Finished
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,208
    • Total interior livable area: 2,208 sqft
    • Finished area above ground: 1,104
    • Finished area below ground: 1,104

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage Door Opener, Garage Amenities (Other), See Remarks, Concrete Driveway
    • Attached garage spaces: 2
    Features
    • Patio & porch: Concrete, Covered, See Prop Desc Remarks
    • Fencing: Back Yard
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.29 Acres
    • Features: See Remarks, Hiking Trail, Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center, Landscaped
    Details
    • Parcel number: 7425401002
    • Other equipment: Sump Pump

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Framed on Lot, Frame, See Prop Desc Remarks
    • Roof: Composite Shingle
    Condition
    • Existing Home
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, See Remarks

    Community & neighborhood

    Location
    • Region: Colorado Springs

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    6/16/2026Sold$540,000$245/sqft
    Source: elevateMLS #5625240 Report a problem
    5/21/2026Contingent$540,000$245/sqft
    Source: elevateMLS #5625240 Report a problem
    4/30/2026Listed for sale$540,000$245/sqft
    Source: elevateMLS #5625240 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,978 +119.8%$33,980
    2023$900 -5.3%$33,980 +68.6%
    2022$951 $20,160 -2.8%
    2021-- $20,740 +17.1%
    2020$758 +1.2%$17,710
    2019$749 +35%$17,710 +18.8%
    2018$555 -0.4%$14,910
    2017$557 +0.4%$14,910 +1.2%
    2016$555 +7.4%$14,740
    2015$517 +6.2%$14,740 +6%
    2014$487 $13,900
    2013-- --
    2012-- $14,190
    2011$950 $14,190 -10%
    2010-- $15,760
    2009-- $15,760 +9.1%
    2008-- $14,450
    2006-- $14,450 +28.4%
    2004-- $11,250
    2003$792 +2.9%$11,250 -9.6%
    2002$769 -9.2%$12,450 -0.2%
    2001$848 $12,480

    Find assessor info on the county website

    Neighborhood: Broadmoor

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Canon
    • Middle: Cheyenne Mountain
    • High: Cheyenne Mountain
    • District: Cheyenne Mtn-12

    Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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