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937 E Costilla St, Colorado Springs, CO, 80903

5beds
4baths
2,855sqft
$875,000
$306price/sqft
$5,233/moest. monthly cost
$209,320/yrincome needed

About This Home

Minutes from the heart of Downtown, this exceptional property blends modern upgrades, thoughtful design, & unique income potential. Step inside to a welcoming living room adorned with a tray ceiling, & a calming, designer color palette complemented by durable, easy-to-maintain flooring. The main level flows seamlessly into a full-size bathroom & a completely remodeled kitchen. Bold blue cabinetry pairs beautifully with crisp white tile & shiplap accents, creating a clean yet dynamic aesthetic. A large island with storage & seating anchors the space, while a spacious walk-in pantry with heated floors adds both luxury & functionality. Just beyond, the versatile laundry area features washer & dryer & an entire wall of storage cabinets. Heated flooring continues here, along with a custom metal door leading to the private backyard. The main level also includes a generously sized bedroom, currently used as a gym, offers great flexibility thanks to its dual entrances. Upstairs, you'll find a serene primary bedroom with a private ¾ bath, along with two additional bedrooms; all showcasing charming angled ceilings & original hardwood floors. The stunning courtyard leads to a dream 1000 sqft garage/workshop. This incredible space boasts 10'8" ceilings, two 10x10 sliding doors, a 6-inch concrete floor, five 220V outlets, & its own half bathroom. Above the workshop sits a furnished one-bedroom apartment; perfect for multigenerational living or to continue the 30K-50K a year proven rental income. With private alley access & no windows facing the main home, privacy is ensured. Inside, soaring beamed ceilings, hardwood floors, & an open layout create an inviting atmosphere. The kitchen wraps around a central breakfast bar island, ideal for guests, while strategically placed windows frame breathtaking views of Pikes Peak. The apartment also includes a spacious bedroom & a large 4-pc bathroom with washer/dryer. All of this is located a 1/4 mile from Memorial Park & 5 minutes to I-25.

Getting Around

62
WalkingSomewhat Walkable
41
TransitSome Transit
62
BikeBikeable

Schools

1/10
Hunt Elementary SchoolGrades PK-51.0 mi
6/10
North Middle SchoolGrades 6-81.5 mi
3/10
Palmer High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Existing Home
  • Year built: 1894

Materials

  • Foundation: Crawl Space
  • Roof: Composite Shingle
  • Construction materials: Wood Siding,Framed on Lot,Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Instant Hot Water,Range,Refrigerator,Washer
  • Laundry features: Main Level,Upper Level

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished

Bedrooms & Bathrooms

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

Features

  • 9Ft + Ceilings,Beamed Ceilings,See Prop Desc Remarks,Breakfast Bar,High Speed Internet,Pantry
  • Flooring: Tile,Wood,Wood Laminate
  • Fireplace features: None
  • Finished area below ground: 203
  • Finished area above ground: 2,652

Heating & Cooling

  • Heating features: Electric,Forced Air,Natural Gas,See Prop Desc Remarks
  • Cooling features: Ceiling Fan(s),Central Air,See Prop Desc Remarks

Interior Area

  • Total structure area: 2,855
  • Total interior livable area: 2,855 sqft

Other

  • Level: Main
  • Area: 210

Property

Details

  • Parcel number: 6417314004

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Composite,Concrete,Covered,Wood Deck,Other,See Prop Desc Remarks
  • Exterior features: Auto Sprinkler System
  • Has spa: Yes
  • Spa features: Hot Tub/Spa
  • Fencing: Full
  • Has view: Yes
  • View description: City,View of Pikes Peak

Lot

  • Lot size: 8,359 sqft
  • Features: Hiking Trail,Near Park,Near Shopping Center,Landscaped

Parking

  • Total spaces: 4
  • Parking features: Detached,Drive Through,Even with Main Level,Heated Garage,Oversized,RV Garage,Workshop in Garage,Garage Amenities (Other),See Remarks
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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

  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Hail
Lightning
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 $4,424$53,088
Home Insurance *$266$3,192
Property Taxes $328$3,936
Electricity $215$2,586
Total$5,233$62,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$179,417/yr
40% on housing$156,990/yr
45% on housing$139,546/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

$306This listing

vs Other Active Listings

Avg $/sqft

ZIP 80903$189
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80903
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Listed for sale$925,000
2016-05-13Sold$228,000
2016-03-16Pending sale$210,000
2016-03-12Listed for sale$210,000
2013-05-30Sold$168,000
2013-03-21Listed for sale$164,900
2004-08-31Sold$154,000
1995-05-02Sold$86,250

For Sale by Agent

AgentDave Kaercher ABR C2EX CDPE GRI SFR
BrokerageRE/MAX Real Estate Group LLC

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