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Sold for $470,000
    • $470,000

    518 E Madison St, Colorado Springs, CO 80907

    5beds
    1,768sqft
    Single Family Residence
    Built in 1914
    5,697 Square Feet Lot
    $466,600 Zestimate®
    $266/sqft
    $1,931 Estimated rent

    Home value

    $466,600

    $443,000 - $490,000

    $1,931/mo

    Zestimate® history
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    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Rodny Rodriguez MRP 719-649-1544,

    The Cutting Edge

    Bought with:

    Melanie Attig CLHA

    Coldwell Banker Realty

    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: $266/sqft
    • Tax assessed value: $381,779
    • Annual tax amount: $110
    • Date on market: 5/21/2026
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/24/2026Sold$470,000-1.5%$266/sqft
    Source: elevateMLS #4743467 Report a problem
    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
    2025$110 -94.9%$26,910 +3.2%
    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

    Neighborhood: Central Colorado Springs

    Nearby homes

    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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    Estimated market value
    $466,600
    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
    $466,600

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