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Sold for $724,000
  • $724,000

    40 Lake Ave, Colorado Springs, CO 80906

    4beds
    2,280sqft
    Single Family Residence
    Built in 1950
    0.57 Acres Lot
    $813,900 Zestimate®
    $318/sqft
    $3,060 Estimated rent

    Home value

    $813,900

    $757,000 - $887,000

    $3,060/mo

    Zestimate® history
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    What's special

    Bonus roomSpacious foyerAmple outdoor spaceLarge corner lotUpdated bathColorado springs schoolOriginal metal cabinetry
    This midcentury stucco rancher is a true gem nestled on a spacious 1/2 acre corner lot just blocks away from the iconic Broadmoor Hotel. This home is a testament to timeless design with many original touches, including a charming covered front porch and spacious foyer. The classic lines and understated architectural elegance provide a pleasing backdrop that invite your personal touches. Step inside, and you'll be greeted by thoughtfully laid-out living spaces. The living room has a cozy masonry fireplace and large picture window creating an inviting and bright atmosphere. The kitchen retains it's vintage appeal featuring original metal cabinetry for a delightful blend of form and function. Two bedrooms are located off a hallway for privacy, with a primary bedroom suite featuring an updated private three-quarter bath, and the main level guest bath has also been updated. The full basement provides a spacious living room for guests and entertaining, another fireplace, an updated bath, two additional bedrooms, laundry room, and bonus room for projects or storage. The large corner lot offers ample outdoor space, providing opportunities for gardening, entertaining, or simply enjoying the Colorado sunshine. With a spectacular location close to hiking, trails, D12 schools, the Colorado Springs School, and shopping, you'll have easy access to world-class amenities, dining, and entertainment. Don't miss this opportunity to enjoy the Broadmoor lifestyle and own a piece of history in one of Colorado Springs' most desirable neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sylvia Jennings 719-491-1116,

    Berkshire Hathaway HomeServices Rocky Mountain

    Bought with:

    Kurtis Bunck ABR

    RE/MAX Properties Inc

    Source: elevateMLS,MLS#: 3227025MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    Basement
    • Area: 1140
    Heating
    • Forced Air, Natural Gas
    Cooling
    • None
    Appliances
    • Included: 220v in Kitchen, Dishwasher, Refrigerator
    • Laundry: In Basement, Electric Hook-up
    Features
    • Flooring: Carpet, Tile
    • Basement: Full,Finished
    • Number of fireplaces: 2
    • Fireplace features: Basement, Masonry, Two
    Interior area
    • Total structure area: 2,280
    • Total interior livable area: 2,280 sqft
    • Finished area above ground: 1,140
    • Finished area below ground: 1,140

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Even with Main Level, Garage Door Opener, Gravel Driveway
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Stairs to back entrance, Stairs to front entrance
    Features
    • Fencing: Back Yard
    Lot
    • Size: 0.57 Acres
    • Features: Corner Lot, Level, Near Fire Station, Near Park, Near Public Transit, Near Schools, Near Shopping Center, Landscaped
    Details
    • Parcel number: 7436101006

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Roof: Composite Shingle
    Condition
    • Existing Home
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Natural Gas Connected, Phone Available

    Community & HOA

    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $318/sqft
    • Tax assessed value: $731,500
    • Annual tax amount: $1,978
    • Date on market: 2/2/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    1/31/2024Sold$724,000-3.5%$318/sqft
    Source: elevateMLS #3227025 Report a problem
    12/25/2023Pending sale$749,900$329/sqft
    Source: BHHS broker feed #3227025 Report a problem
    12/24/2023Contingent$749,900$329/sqft
    Source: elevateMLS #3227025 Report a problem
    12/12/2023Listed for sale$749,900$329/sqft
    Source: elevateMLS #3227025 Report a problem
    5/29/2020Listing removed$2,450$1/sqft
    Source: Zillow Rental Manager Report a problem
    5/22/2020Listed for rent$2,450+11.4%$1/sqft
    Source: Zillow Rental Manager Report a problem
    5/17/2019Listing removed$2,200$1/sqft
    Source: Zillow Rental Manager Report a problem
    4/4/2019Listed for rent$2,200$1/sqft
    Source: Zillow Rental Manager Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,230 +63.2%$49,010
    2023$1,979 -5.2%$49,010 +79.9%
    2022$2,086 $27,240 -2.8%
    2021-- $28,020 +9.8%
    2020$1,946 +1.1%$25,520
    2019$1,925 +6.2%$25,520 +7.7%
    2018$1,813 -0.4%$23,700
    2017$1,820 +0.4%$23,700 -3.5%
    2016$1,813 -1.1%$24,570
    2015$1,833 +5.1%$24,570 +5%
    2014$1,744 $23,400
    2013-- --
    2012-- --
    2011$1,807 --
    2010-- $27,900
    2009-- $27,900
    2008-- $27,900
    2006-- $27,900 +30.7%
    2004-- $21,350
    2003$1,515 +2.7%$21,350 -4%
    2002$1,475 -1%$22,250 +8.2%
    2001$1,490 $20,570
    Find assessor info on the county website

    Neighborhood: Broadmoor

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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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    Estimated market value
    $813,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $813,900