Welcome to your oasis in Old Colorado City! This charming 2-bedroom, 2-bathroom condo offers breathtaking views and the convenience of being close to downtown, Old Colorado City, and the mountains—without the hassle of yard maintenance. Recently updated, it features new lighting, flooring, a washer and dryer, and a stylish new fireplace surround. The interior is both welcoming and modern. Outside, you'll enjoy beautifully maintained landscaping, a new roof, and ample parking options in the tandem garage or parking lot. Additionally, the romantic balcony provides stunning views of the mountains and mesas. Enjoy majestic views and tranquility while being less than a 10 minute drive to downtown or Old Colorado City. Come see your next home or investment opportunity today!
Sold for $328,000
$328,000
540 Observatory Dr, Colorado Springs, CO 80904
2beds
1,244sqft
Condominium
Built in 1984
-- sqft lot
$317,000 Zestimate®
$264/sqft
$1,758 Estimated rent
Home value
$317,000
$298,000 - $336,000
$1,758/mo
Zestimate® history
Owner options
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$1,758/mo
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$1,758/mo
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$2,237/mo
Est. payment
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$2,237/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nicholas Caffey 505-948-4704,
Brickleys Property Solutions
Bought with:
Brittany Littleton
Exp Realty LLC
Source: elevateMLS,MLS#: 5348436
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Windows: Window Coverings
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Insert
- Common walls with other units/homes: Rear Unit
Interior area
- Total structure area: 1,244
- Total interior livable area: 1,244 sqft
- Finished area above ground: 1,244
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Tandem
- Attached garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1.5
- Entry location: Rear Unit
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 435 Square Feet
- Features: Backs to Open Space, Near Schools, Near Shopping Center
Details
- Parcel number: 7412317033
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco, Framed on Lot
- Foundation: Slab
- Roof: Composite Shingle
Condition
- Existing Home
- New construction: No
- Year built: 1984
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Landscape Maintenance
HOA
- Services included: Covenant Enforcement, Snow Removal, Trash Removal
- HOA fee: $360 monthly
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $322,798
- Annual tax amount: $848
- Date on market: 11/16/2024
- Listing terms: Assumable,Cash,Conventional,FHA,FHA203K,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2024 | Sold | $328,000-2.1%$264/sqft |
Source:  elevateMLS #5348436 Report a problem | ||
| 9/12/2024 | Listed for sale | $335,000+3.1%$269/sqft |
Source: elevateMLS #5348436 Report a problem | ||
| 11/12/2021 | Sold | $325,000$261/sqft |
Source:  PAR #196707 Report a problem | ||
| 10/4/2021 | Pending sale | $325,000$261/sqft |
Source:  RE/MAX International #196707 Report a problem | ||
| 10/3/2021 | Contingent | $325,000$261/sqft |
Source: elevateMLS #1832229 Report a problem | ||
| 9/24/2021 | Listed for sale | $325,000+41.4%$261/sqft |
Source: elevateMLS #1832229 Report a problem | ||
| 3/15/2019 | Listing removed | $229,900$185/sqft |
Source: Franklin Properties #3426119 Report a problem | ||
| 3/9/2019 | Price change | $229,900-4.2%$185/sqft |
Source: Franklin Properties #3426119 Report a problem | ||
| 3/2/2019 | Listed for sale | $239,900$193/sqft |
Source: Franklin Properties #3426119 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $849 -6% | $21,630 |
| 2023 | $903 +61.9% | $21,630 +34.1% |
| 2022 | $558 | $16,130 -2.8% |
| 2021 | -- | $16,600 +11.9% |
| 2020 | $1,007 +0.5% | $14,840 |
| 2019 | $1,002 +11.3% | $14,840 +14.6% |
| 2018 | $900 -5.3% | $12,950 |
| 2017 | $950 +5.6% | $12,950 -4.8% |
| 2016 | $900 +14.1% | $13,610 |
| 2015 | $789 +12.6% | $13,610 +16.9% |
| 2014 | $700 | $11,640 |
| 2013 | -- | -- |
| 2012 | -- | $12,740 |
| 2011 | $758 | $12,740 -0.9% |
| 2010 | -- | $12,850 |
| 2009 | -- | $12,850 -5.1% |
| 2008 | -- | $13,540 |
| 2006 | -- | $13,540 +13.3% |
| 2004 | -- | $11,950 |
| 2003 | $663 +3.7% | $11,950 +2.6% |
| 2002 | $639 +16.5% | $11,650 +23.3% |
| 2001 | $548 | $9,450 |
Find assessor info on the county website
Neighborhood: Old Colorado City
Nearby homes
- $265,0002 bd2 ba1.2k sqft542 Observatory Dr, Colorado Springs, CO 80904Sold
- $294,6002 bd2 ba1k sqft538 Observatory Dr, Colorado Springs, CO 80904Off Market
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Nearby schools
GreatSchools rating
- 6/10Bristol Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Holmes Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Coronado High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Middle: Holmes
- 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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Estimated market value
$317,000
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
$317,000
- Colorado
- El Paso County
- Colorado Springs
- 80904
- Old Colorado City
- 540 Observatory Dr
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