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Under contract
    • Price cut: $10K (6/24)
    $477,000

    518 E Madison St, Colorado Springs, CO 80907

    5beds
    1,768sqft
    : 
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    Single Family Residence
    Built in 1914
    5,697 Square Feet Lot
    $-- Zestimate®
    $270/sqft
    $-- HOA

    What's special

    Fresh paintNew light fixturesAbundance of natural lightNew lvp flooringNewly renovated homeRefreshed bathroomsQuiet safe tree-lined streets
    Welcome to the highly sought out Bonnyville neighborhood. Located in the heart of Colorado Springs just north of downtown, adjacent to the Patty Jewett golf course, and a short commute to I-25. A combination of rich history known for its quiet, safe, tree-lined streets, and community friendly atmosphere. Highly walkable with easy access to Bonforte Park, the Bon Shopping Center, and Penrose Main Hospital. Once you step inside, you'll know this newly renovated home is the ONE with beautiful hardwood floors, an abundance of natural light complimented with new light fixtures, an updated kitchen with stainless steel appliances, refreshed bathrooms, new LVP flooring, new carpet, and fresh paint. This property offers a perfect blend of comfort, style, and investment options (a strong proven rental history). With 5 bedrooms, 2 full bathrooms, a walkout basement complete with a kitchenette the possibilities are endless - single family home, multigenerational living, short term rental (Vrbo or AirBnB), or mid term rental (traveling nurses). There is plenty of room for families, guests, or tenants. Additional updates include: a new roof in 2024, a new furnace in 2024, and a new water heater in 2023. If you're looking for a home in a neighborhood where deep and lasting relationships will be made, look no further, make this house YOUR HOME! A SOLID HOME! A SOLID INVESTMENT!
    57 days
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    244
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    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rodny Rodriguez MRP 719-649-1544,

    The Cutting Edge

    Source: elevateMLS,MLS#: 4743467MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Other
      • Level: Main
      • Area: 121 Square Feet
      • Dimensions: 11 x 11
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: 220v in Kitchen, Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Washer
      • Laundry: In Basement, Electric Hook-up, Gas Hook-up
      Features
      • Flooring: Carpet, Wood, Luxury Vinyl
      • Basement: Full,Partially Finished
      Interior area
      • Total structure area: 1,768
      • Total interior livable area: 1,768 sqft
      • Finished area above ground: 884
      • Finished area below ground: 884

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Gravel Driveway
      • Garage spaces: 2
      Features
      • Patio & porch: Covered
      • Fencing: Full
      • Has view: Yes
      • View description: City
      Lot
      • Size: 5,697 Square Feet
      • Features: Corner Lot, Level, Hiking Trail, Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center, Front Landscaped
      Details
      • Parcel number: 6406112013

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Frame
      • Foundation: Walk Out
      • Roof: Composite Shingle
      Condition
      • Existing Home
      • New construction: No
      • Year built: 1914

      Utilities & green energy

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

      Community & HOA

      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $270/sqft
      • Tax assessed value: $389,000
      • Annual tax amount: $110
      • Date on market: 5/21/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/25/2026Contingent$477,000$270/sqft
        Source: elevateMLS #4743467 Report a problem
        6/24/2026Price change$477,000-2.1%$270/sqft
        Source: elevateMLS #4743467 Report a problem
        5/31/2026Price change$487,000-3.9%$275/sqft
        Source: elevateMLS #4743467 Report a problem
        5/21/2026Listed for sale$507,000+153.5%$287/sqft
        Source: elevateMLS #4743467 Report a problem
        4/15/2024Listing removed--
        Source: Zillow Rentals Report a problem
        4/12/2024Price change$1,845-5.4%$1/sqft
        Source: Zillow Rentals Report a problem
        4/5/2024Listed for rent$1,950+26.2%$1/sqft
        Source: Zillow Rentals Report a problem
        11/4/2019Listing removed$1,545$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/3/2019Price change$1,545-0.3%$1/sqft
        Source: Zillow Rental Manager Report a problem
        10/31/2019Listed for rent$1,550-2.8%$1/sqft
        Source: Zillow Rental Manager Report a problem
        3/15/2018Listing removed$1,595$1/sqft
        Source: Zillow Rental Manager Report a problem
        2/25/2018Listed for rent$1,595+45%$1/sqft
        Source: Zillow Rental Manager Report a problem
        1/11/2018Sold$200,000+21521.6%$113/sqft
        Source: Public Record Report a problem
        3/7/2012Listing removed$925$1/sqft
        Source: RE/MAX Advantage #791589 Report a problem
        1/23/2012Price change$925-11.9%$1/sqft
        Source: RE/MAX Advantage #791589 Report a problem
        1/6/2012Price change$1,050-4.5%$1/sqft
        Source: RE/MAX Advantage #791589 Report a problem
        12/17/2011Listed for sale$1,100-99.1%$1/sqft
        Source: RE/MAX Advantage #791589 Report a problem
        12/17/2011Listing removed$1,100$1/sqft
        Source: RE/MAX ADVANTAGE #791589 Report a problem
        12/16/2011Listed for rent$1,100$1/sqft
        Source: RE/MAX ADVANTAGE #791589 Report a problem
        6/12/2007Sold$125,000$71/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,183 +134.3%$26,070
        2023$932 -7.8%$26,070 +56.6%
        2022$1,011 $16,650 -2.8%
        2021-- $17,130 +17.5%
        2020$990 +0.5%$14,580
        2019$984 -15.8%$14,580 -13.4%
        2018$1,170 -5.3%$16,830
        2017$1,235 +5.6%$16,830 +6.8%
        2016$1,170 +28%$15,760
        2015$914 +2.1%$15,760 +6%
        2014$895 $14,870
        2013-- --
        2012-- $14,580
        2011$887 $14,580 +6.7%
        2008-- $13,660
        2006-- $13,660 +19.9%
        2004-- $11,390
        2003$652 +3.7%$11,390 -0.6%
        2002$629 +8.2%$11,460 +14.5%
        2001$581 $10,010
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Central Colorado Springs

        Getting around

        73 / 100
        Very Walkable
        32 / 100
        Some Transit
        95 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Colorado Springs 11

        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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