Located in highly desirable Old Colorado City, this charming property offers incredible potential paired with rare commercial zoning, creating strong future development and investment opportunities. Set on a generously sized lot, this is a unique opportunity within walking distance to downtown Colorado Springs, local restaurants, parks, and the neighborhood elementary school, offering the perfect blend of convenience and lifestyle. The home features a spacious and functional layout, highlighted by a large loft area that adds versatility for a home office, creative space, or additional living area. The private backyard provides a quiet retreat, perfect for relaxing or entertaining. The rare heated two-car garage, complemented by extensive additional parking off the alley, is ideal for multiple vehicles, recreational storage, or future use options. With its combination of charm, functionality, walkable location, and future development potential, this property has endless possibilities.
For sale
Price cut: $15K (6/9)
$360,000
523 W Pikes Peak Ave, Colorado Springs, CO 80905
2beds
1,230sqft
:
Get pre-qualified$2,230/mo
Single Family Residence
Built in 1909
5,501 Square Feet Lot
$-- Zestimate®
$293/sqft
$-- HOA
What's special
- 127 days |
- 375 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
Candice Graham 719-321-3455,
8Z Real Estate LLC
Source: elevateMLS,MLS#: 3331748
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Other
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8 x 12
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Oven, Refrigerator, Washer
- Laundry: Main Level
Features
- Has basement: No
Interior area
- Total structure area: 1,230
- Total interior livable area: 1,230 sqft
- Finished area above ground: 1,230
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Heated Garage, See Remarks
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,501 Square Feet
- Features: Level
Details
- Parcel number: 7413125011
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, Frame
- Foundation: Not Applicable
- Roof: Composite Shingle
Condition
- Existing Home
- New construction: No
- Year built: 1909
Utilities & green energy
- Water: Municipal
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $399,625
- Annual tax amount: $1,266
- Date on market: 4/2/2026
- 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
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $360,000-4%$293/sqft |
Source:  elevateMLS #3331748 Report a problem | ||
| 4/2/2026 | Price change | $375,000+66.7%$305/sqft |
Source: elevateMLS #3331748 Report a problem | ||
| 3/25/2020 | Listed for sale | $225,000+59.6%$183/sqft |
Source: Re/Max Advantage Realty, Inc. #3153580 Report a problem | ||
| 10/31/2008 | Sold | $141,000+88%$115/sqft |
Source: Public Record Report a problem | ||
| 6/14/1996 | Sold | $75,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,154 +24.5% | $26,780 |
| 2023 | $927 -7.7% | $26,780 +64.6% |
| 2022 | $1,005 | $16,270 -2.8% |
| 2021 | -- | $16,740 +15.1% |
| 2020 | $1,002 +0.5% | $14,550 |
| 2019 | $997 +21.3% | $14,550 +24.8% |
| 2018 | $822 -5.2% | $11,660 |
| 2017 | $867 +5.5% | $11,660 +2.6% |
| 2016 | $822 +22.7% | $11,360 |
| 2015 | $670 +5.1% | $11,360 +9% |
| 2014 | $638 | $10,420 |
| 2013 | -- | -- |
| 2012 | -- | $10,220 |
| 2011 | $638 | $10,220 -3.9% |
| 2010 | -- | $10,640 |
| 2009 | -- | $10,640 +0.9% |
| 2008 | -- | $10,540 |
| 2006 | -- | $10,540 +17% |
| 2004 | -- | $9,010 |
| 2003 | $543 +3.7% | $9,010 -3.9% |
| 2002 | $524 +0.9% | $9,380 +7.8% |
| 2001 | $519 | $8,700 |
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.Climate risks
Neighborhood: Old Colorado City
Nearby schools
GreatSchools rating
- 6/10West Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Coronado High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: West
- Middle: West
- High: Coronado
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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