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Sold for $855,000
    • $855,000

    537 Penrose Blvd, Colorado Springs, CO 80906

    4beds
    3,205sqft
    Single Family Residence
    Built in 1973
    0.82 Acres Lot
    $1,163,700 Zestimate®
    $267/sqft
    $4,125 Estimated rent

    Home value

    $1,163,700

    $1.05M - $1.30M

    $4,125/mo

    Zestimate® history
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    What's special

    Vaulted great room
    Set in a prime location behind the Broadmoor Hotel, this .82-acre lot is adjacent to 1 Penrose Lane which sits on .987 acres and can also be purchased. 537 Penrose Lane is 3,205 square feet, 4 bedrooms 5 bathrooms and a 2-car garage. The main level features a vaulted great room and dining room which walks out to a deck with views of the Broadmoor Hotel and the City. The kitchen flows to the living room that also walks out to the outside deck. The primary bedroom has two bathrooms and a private outside deck. There are three additional bedrooms and two are en-suites. This is a great opportunity to own a classic Broadmoor property whether simplifying or considering a second home property. The buyer has the option to join the Broadmoor Golf Club

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Raedel 719-210-4141,

    Broadmoor Properties,

    Tim Sheridan 719-337-1035

    Bought with:

    Eric Scott AHWD C2EX EPRO GRI

    LIV Sotheby's International Realty CO Springs

    Source: elevateMLS,MLS#: 5321914MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • 3/4 bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Hot Water
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Double Oven, Refrigerator
    • Laundry: Main Level
    Features
    • Beamed Ceilings, Great Room, Vaulted Ceiling(s), Wet Bar
    • Flooring: Carpet, Vinyl/Linoleum
    • Windows: Window Coverings
    • Has basement: No
    • Number of fireplaces: 2
    • Fireplace features: Two
    Interior area
    • Total structure area: 3,205
    • Total interior livable area: 3,205 sqft
    • Finished area above ground: 3,205
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Oversized, Concrete Driveway
    • Garage spaces: 2
    Features
    • Patio & porch: Wood Deck
    • Exterior features: Auto Sprinkler System
    • Fencing: None
    • Has view: Yes
    • View description: Golf Course, Mountain(s)
    Lot
    • Size: 0.82 Acres
    • Features: Sloped, Wooded, Hiking Trail, Near Fire Station, Near Schools, Near Shopping Center, Landscaped
    Details
    • Additional structures: Storage
    • Parcel number: 7435407002

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Stone, Wood Siding, Framed on Lot
    • Foundation: Other
    • Roof: Composite Shingle
    Condition
    • Existing Home
    • New construction: No
    • Year built: 1973

    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: $267/sqft
    • Tax assessed value: $1,087,575
    • Annual tax amount: $4,395
    • Date on market: 9/29/2023
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/28/2023Sold$855,000-12.3%$267/sqft
    Source: elevateMLS #5321914 Report a problem
    8/22/2023Contingent$975,000$304/sqft
    Source: elevateMLS #5321914 Report a problem
    7/24/2023Listed for sale$975,000+58%$304/sqft
    Source: elevateMLS #5321914 Report a problem
    5/25/2007Sold$617,000$193/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,000 +13.8%$72,870
    2023$4,395 -5.2%$72,870 +20.4%
    2022$4,635 $60,510 -2.8%
    2021-- $62,250 +7.7%
    2020$4,408 +1.1%$57,800
    2019$4,361 +6.2%$57,800 +7.7%
    2018$4,107 -0.4%$53,690
    2017$4,123 +0.4%$53,690 -5.7%
    2016$4,107 -3.3%$56,920
    2015$4,246 +5.1%$56,920 +5%
    2014$4,038 $54,200
    2013-- --
    2012-- --
    2011$3,582 --
    2010-- $55,310
    2009-- $55,310 +6%
    2008-- $52,180
    2006-- $52,180 +35.7%
    2004-- $38,440
    2003$2,386 -18.5%$38,440 -13%
    2002$2,929 -5.1%$44,180 +3.7%
    2001$3,085 $42,600
    Find assessor info on the county website

    Neighborhood: Broadmoor

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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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    Estimated market value
    $1,163,700
    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
    $1,163,700

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