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For sale
  • Price increase: $76K (9/24)
    $475,000

    720 S Prospect St, Colorado Springs, CO 80903

    3beds
    1,464sqft
    : 
    $3,104/mo
    Get pre-qualified
    Single Family Residence
    Built in 1948
    7,697 Square Feet Lot
    $-- Zestimate®
    $324/sqft
    $-- HOA

    What's special

    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!
    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#: 3351104MLS Logo

      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

        DateEventPrice
        10/10/2026Listed for rent$2,500$2/sqft
        Source: REcolorado as distributed by MLS GRID #4147383 Report a problem
        9/24/2026Price change$475,000+19%$324/sqft
        Source: elevateMLS #3351104 Report a problem
        9/7/2026Listed for sale$399,000-17.7%$273/sqft
        Source: REcolorado as distributed by MLS GRID #9078272 Report a problem
        8/26/2025Listing removed$484,900$331/sqft
        Source: elevateMLS #7488040 Report a problem
        8/25/2025Listed for sale$484,900$331/sqft
        Source: elevateMLS #7488040 Report a problem
        8/8/2025Pending sale$484,900$331/sqft
        Source: elevateMLS #7488040 Report a problem
        6/6/2025Price change$484,900-6.7%$331/sqft
        Source: elevateMLS #7488040 Report a problem
        4/3/2025Price change$519,900-7.1%$355/sqft
        Source: elevateMLS #2437729 Report a problem
        2/21/2025Listed for sale$559,900+124%$382/sqft
        Source: elevateMLS #2437729 Report a problem
        11/9/2024Listing removed$250,000-54.5%$171/sqft
        Source: elevateMLS #8521465 Report a problem
        7/1/2024Listing removed--
        Source: elevateMLS #6554779 Report a problem
        6/25/2024Price change$549,900-4.3%$376/sqft
        Source: elevateMLS #6554779 Report a problem
        5/30/2024Listed for sale$574,900+35.3%$393/sqft
        Source: elevateMLS #6554779 Report a problem
        11/9/2023Listing removed--
        Source: elevateMLS #8521465 Report a problem
        2/18/2022Sold$425,000+1.2%$290/sqft
        Source: Public Record Report a problem
        1/21/2022Listed for sale$420,000+52.7%$287/sqft
        Source: elevateMLS #5199116 Report a problem
        11/10/2021Sold$275,000+10%$188/sqft
        Source: Public Record Report a problem
        10/8/2021Listed for sale$250,000$171/sqft
        Source: elevateMLS #8521465 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central Colorado Springs

        Getting around

        47 / 100
        Car-Dependent
        43 / 100
        Some Transit
        71 / 100
        Very Bikeable

        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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