Exceptional investment or house-hacking opportunity just 5 minutes from Downtown Colorado Springs! This versatile property is fully updated and configured for dual-living flexibility, featuring completely separate entrances for both the main level and lower level. The bright main level offers 2 bedrooms and 1 full bathroom with modern interior finishes. Greeted right away with the central living space, and views of the mountains directly through the window. The kitchen boast beautiful updates and both bedrooms serve as their own retreat in the unit with a full bath between. The lower level features an independent 1 bedroom, 1 full bathroom unit ideal for rental income or multi-generational living. Major capital improvements provide complete peace of mind, including a new roof installed last year, a newly relined sewer line, and all HVAC systems under 5 years old. All furniture in the property is negotiable! Situated on a generous lot with plenty of outdoor space and quick access to downtown dining, shopping, and major corridors, this turn-key property is ready for an investor seeking strong cash flow or an owner-occupant looking for a property with options! Between location, beautiful updates, and peace of mind, this property has it all!
For sale
Price increase: $76K (9/24)
$475,000
720 S Prospect St, Colorado Springs, CO 80903
3beds
1,464sqft
Single Family Residence
Built in 1948
7,697 Square Feet Lot
$-- Zestimate®
$324/sqft
$-- HOA
What's special
- 32 days
- 551
- 67
Zillow last checked:
Listing updated:
Listed by:
Andrew Perkett 719-659-3870,
Better Homes and Gardens Real Estate Kenney & Company,
Thomas Kenney 719-650-7290
Source: elevateMLS,MLS#: 3351104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Basement
- Area: 648
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Electric Hook-up, Lower Level, Main Level
Features
- Secondary Suite w/in Home
- Flooring: Carpet, Vinyl/Linoleum
- Basement: Full,Partially Finished
Interior area
- Total structure area: 1,464
- Total interior livable area: 1,464 sqft
- Finished area above ground: 816
- Finished area below ground: 648
Property
Parking
- Parking features: No Garage
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 7,697 Square Feet
- Features: See Remarks
Details
- Parcel number: 6420205028
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding, Framed on Lot
- Foundation: Walk Out
- Roof: Composite Shingle
Condition
- Existing Home
- New construction: No
- Year built: 1948
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $324/sqft
- Tax assessed value: $358,161
- Annual tax amount: $1,245
- Date on market: 9/8/2026
- 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 |
|---|---|---|
| 10/10/2026 | Listed for rent | $2,500$2/sqft |
Source: REcolorado as distributed by MLS GRID #4147383 Report a problem | ||
| 9/24/2026 | Price change | $475,000+19%$324/sqft |
Source: | ||
| 9/7/2026 | Listed for sale | $399,000-17.7%$273/sqft |
Source: | ||
| 8/26/2025 | Listing removed | $484,900$331/sqft |
Source: | ||
| 8/25/2025 | Listed for sale | $484,900$331/sqft |
Source: | ||
| 8/8/2025 | Pending sale | $484,900$331/sqft |
Source: | ||
| 6/6/2025 | Price change | $484,900-6.7%$331/sqft |
Source: | ||
| 4/3/2025 | Price change | $519,900-7.1%$355/sqft |
Source: | ||
| 2/21/2025 | Listed for sale | $559,900+124%$382/sqft |
Source: | ||
| 11/9/2024 | Listing removed | $250,000-54.5%$171/sqft |
Source: | ||
| 7/1/2024 | Listing removed | -- |
Source: | ||
| 6/25/2024 | Price change | $549,900-4.3%$376/sqft |
Source: | ||
| 5/30/2024 | Listed for sale | $574,900+35.3%$393/sqft |
Source: | ||
| 11/9/2023 | Listing removed | -- |
Source: | ||
| 2/18/2022 | Sold | $425,000+1.2%$290/sqft |
Source: Public Record Report a problem | ||
| 1/21/2022 | Listed for sale | $420,000+52.7%$287/sqft |
Source: | ||
| 11/10/2021 | Sold | $275,000+10%$188/sqft |
Source: Public Record Report a problem | ||
| 10/8/2021 | Listed for sale | $250,000$171/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,513 +8.2% | $25,250 -20.2% |
| 2024 | $1,398 +74.7% | $31,640 |
| 2023 | $800 -7.9% | $31,640 +121.3% |
| 2022 | $869 | $14,300 -2.9% |
| 2021 | -- | $14,720 +25.7% |
| 2020 | $795 +0.5% | $11,710 |
| 2019 | $790 +32.6% | $11,710 +36.5% |
| 2018 | $596 -5.3% | $8,580 |
| 2017 | $630 +5.6% | $8,580 +7.8% |
| 2016 | $596 +158.4% | $7,960 |
| 2015 | $231 +3.1% | $7,960 +7% |
| 2014 | $224 | $7,440 |
| 2013 | -- | -- |
| 2012 | -- | $7,440 |
| 2011 | $488 | $7,440 -10% |
| 2010 | -- | $8,270 |
| 2009 | -- | $8,270 -7% |
| 2008 | -- | $8,890 |
| 2006 | -- | $8,890 +24.3% |
| 2004 | -- | $7,150 |
| 2003 | $234 -48.1% | $7,150 -13% |
| 2002 | $451 -3.1% | $8,220 +2.5% |
| 2001 | $465 | $8,020 |
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: Central Colorado Springs
Nearby schools
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.







