207 N Hancock Ave, Colorado Springs, CO, 80903
About This Home
Located in the heart of Downtown Colorado Springs, this charming property offers a unique blend of character, functionality, and income potential. The main home features 2 bedrooms, 1 bathroom, and just over 600 square feet of thoughtfully designed living space which has been freshly painted. Enjoy a recently updated kitchen complete with subway tile backsplash, stainless steel appliances, and tile flooring. New luxury vinyl plank extends through the living room and connected bedroom, creating a warm and cohesive feel. The property also includes alley access and an oversized one-car detached garage. Adding to its appeal, this property includes a separate accessory dwelling unit (ADU). The detached 1-bedroom, 1-bath cottage spans approximately 460 square feet and offers its own private entrance. Stylish and efficient, the space features a kitchen with concrete countertops, countertop oven, dishwasher, and refrigerator. Modern finishes such as gray luxury vinyl plank flooring, a shiplap accent wall, and updated lighting create a cozy, contemporary tiny-home atmosphere. Ideally located near downtown shopping, dining, and entertainment, this versatile property is zoned R-2 and offers excellent flexibility for a variety of living or investment opportunities. Don’t miss this one-of-a-kind opportunity—schedule your showing today!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Existing Home
- Year built: 1936
Materials
- Foundation: Crawl Space
- Roof: Metal
- Construction materials: Stucco,Framed on Lot
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Oven,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- Flooring: Tile,Wood Laminate,Luxury Vinyl
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 601
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 601
- Total interior livable area: 601 sqft
Other
- Level: Main
- Area: 117
Property
Features
- Patio & porch: Composite
- Fencing: Back Yard
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 8,250 sqft
- Features: Level,Near Fire Station,Near Hospital,Near Park,Near Public Transit,Near Schools,Near Shopping Center
Parking
- Total spaces: 1
- Parking features: Detached,Oversized,Workshop in Garage,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- 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 | $2,300 | $27,600 |
| Home Insurance * | $266 | $3,192 |
| Property Taxes | $170 | $2,040 |
| Electricity | $186 | $2,232 |
| Total | $2,922 | $35,064 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $465,000 |
| 2026-04-03 | Listed for sale | $475,000 |
| 2024-10-14 | Listing removed | $1,800 |
| 2024-02-16 | Listing removed | -- |
| 2024-02-04 | Listed for rent | $1,800 |
| 2023-02-22 | Listing removed | -- |
| 2023-01-21 | Contingent | $379,900 |
| 2023-01-18 | Listed for sale | $379,900 |
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