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10432 Declaration Dr, Colorado Springs, CO, 80925

5beds
4baths
3,367sqft
$550,000
$163price/sqft
$3,513/moest. monthly cost
$140,520/yrincome needed

About This Home

More than 3,200 finished square feet, 5 bedrooms, 3.5 baths, an upper-level loft, finished basement and main-level flex room give this Lorson Ranch home exceptional flexibility. Major 2026 improvements include a new roof, interior and exterior paint, window screens, luxury vinyl plank flooring, cabinetry and appliances—meaning many of the big updates have already been completed. Even better, the solar system will be paid off at closing, with no solar loan or lease payment for the buyer to assume. The open main level brings the living, dining and kitchen spaces together, with granite countertops, stainless-steel appliances, abundant cabinetry and a breakfast bar for casual meals and conversation. Just off the entry, the separate flex room can serve as a home office, formal dining room, playroom or quiet sitting area. Upstairs, a generous loft provides a second living, media or study space. The primary suite features a private 5-piece bath with dual sinks, soaking tub, separate tiled shower and large walk-in closet. Three additional bedrooms, a full hall bath and conveniently located upper-level laundry complete the second floor. The finished basement adds even more usable living space with a large recreation room, fifth bedroom and full bath—ideal for guests, hobbies, fitness, gaming or movie nights. Central air conditioning provides summer comfort. Outside, enjoy a fenced backyard with lawn, concrete patio and room for play, pets, gardening or outdoor entertaining. Convenient access to neighborhood parks and trails, shopping, dining, Colorado Springs Airport and area military installations completes a home that offers space, flexibility, substantial recent improvements and the added benefit of paid-off solar.

Getting Around

6
WalkingCar-Dependent
0
TransitNo Nearby Transit
25
BikeSomewhat Bikeable

Schools

5/10
Grand Mountain SchoolGrades PK-80.7 mi
5/10
Mesa Ridge High SchoolGrades 9-124.3 mi

Construction

Condition

  • Property condition: Existing Home
  • Year built: 2014

Materials

  • Roof: Composite Shingle
  • Construction materials: Masonite,Framed on Lot

Other

  • Builder model: Malibu
  • Builder name: Aspen View Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Oven,Range,Refrigerator,Washer
  • Laundry features: Electric Hook-up,Upper Level

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • 5-Pc Bath,Pantry
  • Window features: Window Coverings
  • Flooring: Carpet,Ceramic Tile,Luxury Vinyl
  • Fireplace features: None
  • Finished area below ground: 1,008
  • Finished area above ground: 2,359

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,367
  • Total interior livable area: 3,367 sqft

Other

  • Level: Upper
  • Area: 192

Property

Details

  • Parcel number: 5514416016

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Concrete
  • Fencing: Back Yard

Lot

  • Lot size: 5,898 sqft
  • Features: Level,Near Fire Station,Near Park,Near Schools,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Hail
Lightning
Wildfire
Strong Wind
Tornado

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$272$3,264
Property Taxes $206$2,472
Electricity $254$3,050
Total$3,513$42,156
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,445/yr
40% on housing$105,390/yr
45% on housing$93,680/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$163This listing

vs Other Active Listings

Avg $/sqft

ZIP 80925$172
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80925
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-16Price change$540,000
2026-07-21Listed for sale$550,000
2022-11-01Listing removed--
2022-10-21Price change$490,000
2022-10-13Price change$500,000
2022-10-06Price change$525,000
2022-09-08Price change$550,000
2022-08-31Price change$565,000
2022-08-17Price change$575,000
2022-07-15Listed for sale$585,000
2022-03-22Listing removed--
2022-03-20Listed for sale$550,000
2015-03-30Sold$292,755
2014-08-21Sold$61,155

For Sale by Agent

AgentTammi Stuart
BrokerageKeller Williams Premier Realty

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