523 W Pikes Peak Ave, Colorado Springs, CO, 80905
About This Home
Located in highly desirable Old Colorado City, this charming property offers incredible potential paired with rare C-6 zoning, creating strong future development and investment opportunities. Set on a generously sized lot, this is a unique opportunity. The home features a spacious and functional layout, highlighted by a large loft area that adds versatility for a home office, creative space, or additional living area. The private backyard provides a quiet retreat, perfect for relaxing or entertaining. The rare heated two car garage, complemented by extensive additional parking off the alley is ideal for multiple vehicles, recreational storage, or future use options. With its combination of charm, functionality, and future development potential this property has endless possibilities.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Existing Home
- Year built: 1909
Materials
- Foundation: Not Applicable
- Roof: Composite Shingle
- Construction materials: Wood Siding,Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Oven,Refrigerator,Washer
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 1,230
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,230
- Total interior livable area: 1,230 sqft
Other
- Level: Main
- Area: 96
Property
Details
- Parcel number: 7413125011
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 5,501 sqft
- Features: Level
Parking
- Total spaces: 2
- Parking features: Detached,Heated Garage,See Remarks
- 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
- Winter Weather
- Hail
- Inland Flooding
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,820 | $21,840 |
| Home Insurance * | $249 | $2,988 |
| Property Taxes | $135 | $1,620 |
| Electricity | $186 | $2,232 |
| Total | $2,390 | $28,680 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-02 | Price change | $375,000 |
| 2020-03-25 | Listed for sale | $225,000 |
| 2008-10-31 | Sold | $141,000 |
| 1996-06-14 | Sold | $75,000 |
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