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5715 Velvet Ct, Colorado Springs, CO, 80918

3beds
3baths
2,452sqft
$504,950
$206price/sqft
$3,224/moest. monthly cost
$128,960/yrincome needed

About This Home

Welcome to this cozy home located in the lovely Colorado Springs’ Deer Run subdivision, situated on a quaint cul-de-sac. This updated ranch-style layout offers a smooth, open feel with tall ceilings, generous natural light, and modern finishes throughout. A refreshed kitchen sits at the heart of the home, finished with quartz counters, new cabinetry, stainless steel appliances, and contemporary fixtures. Off from the kitchen, a dedicated laundry room with a utility sink adds everyday convenience. A small deck just beyond the kitchen creates a simple outdoor spot for morning coffee or evening unwinding. Two bedrooms and two baths complete the main level, including a comfortable primary suite with a renovated five-piece bath featuring updated tilework, a soaking tub, and a separate shower. Downstairs, the basement adds flexible living space with an additional bedroom, a roomy three-quarter bath, new carpet, updated paint, and generous storage. An attached two-car garage includes finished drywall and new paint. An excellent tucked away location that is a stone's throw from Austin Bluffs Pkwy. and a 3-minute car ride to the Powers Corridor off Stetson Hills Blvd. You will feel at home as soon as you step into this practical layout with thoughtful updates. Schedule your showing today. HOA dues also include: mowing, exterior water and access to the Norwood Recreation Center along with the pool and pickleball courts. HOAs are not voluntary.

Getting Around

27
WalkingCar-Dependent
0
TransitNo Nearby Transit
21
BikeSomewhat Bikeable

Schools

5/10
6/10
Jenkins Middle SchoolGrades 6-80.6 mi
3/10
Doherty High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Existing Home
  • Year built: 1995

Materials

  • Foundation: Crawl Space
  • Roof: Composite Shingle
  • Construction materials: Stucco,Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range,Refrigerator

Basement

  • Area: 1191

Basement

  • Has basement: Yes
  • Basement: Partial,Finished

Bedrooms & Bathrooms

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

Features

  • 5-Pc Bath,6-Panel Doors,Great Room,Vaulted Ceiling(s)
  • Flooring: Carpet,Tile,Luxury Vinyl
  • Number of fireplaces: 1
  • Fireplace features: One
  • Fireplace: Yes
  • Finished area below ground: 1,191
  • Finished area above ground: 1,261

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 2,452
  • Total interior livable area: 2,452 sqft

Property

Details

  • Parcel number: 6314104013

Features

  • Patio & porch: Wood Deck

Lot

  • Lot size: 5,924 sqft
  • Features: Cul-De-Sac,Hiking Trail,Near Fire Station,Near Hospital,Near Park,Near Schools,Near Shopping Center,HOA Required $

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener,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

  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Lightning
Winter Weather
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 $2,553$30,636
Home Insurance *$296$3,552
Property Taxes $189$2,268
Electricity $186$2,232
Total$3,224$38,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,537/yr
40% on housing$96,720/yr
45% on housing$85,973/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

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 80918$149
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80918
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$499,000
2026-08-02Price change$504,950
2026-07-24Listed for sale$515,000
2026-07-16Listing removed$535,000
2026-07-01Price change$535,000
2026-06-05Listed for sale$539,900
2026-04-28Sold$387,000
1996-09-06Sold$130,000

For Sale by Agent

AgentAlan Armour
BrokerageREMAX PROPERTIES

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