Property Overview
Welcome to this 1928 ranch home in the North End neighborhood of Colorado Springs! This cozy 2 bed, 1 bath home with 1,218 sq ft is full of potential and waiting for your personal touch to bring it to market’s standard.
Step inside to a spacious living and dining area that flows seamlessly into the open kitchen, featuring access to the backyard with a deck - perfect for outdoor entertaining. On one side of the home, you'll find two generously sized bedrooms and a full bathroom, while the basement offers a blank canvas for additional living space. According to the seller this has a brand new roof, updated windows, and electrical.
Situated on a 5,000 sq ft lot with a one car detached garage, this home has endless possibilities for expansion and customization. With only one active home in the area, this is a rare opportunity that you won't want to miss.
Taxes for 2022 are just $996, and the home is located in the Colorado Springs School No 11 district. Whether you're a seasoned investor or someone looking to make their mark on a property, this home has endless potential to become the perfect space.
Neighborhood: North End is an established Colorado Springs neighborhood, a 5-minute drive to Penrose or St. Francis Hospital; close to Colorado College, Shooks Run biking and hiking trails and scenic parks, and to a vibrant downtown Colorado Springs with many top-rated restaurants and shops and the hub for many local activities & nightlife.
Video Walkthrough
We have set a budget to remodel this ranch home. According to the seller the roof was just replaced, upstairs windows have all been updated along with the electrical. We have included 3 basement windows, exterior paint, refreshing the garage and landscaping for the exterior. For the interior we have the kitchen, bathroom, furnace, water heater, paint, and flooring (hardwood) and set a large budget for General conditions to make this a nicely updated home.
Total Budget: $59,766
Nicely updated 2 bed 1 bath ranch with a 5,000 sq ft lot and a one car detached garage in the desirable North End neighborhood of Colorado Springs.
Close to Downtown Colorado Springs this is a desirable location with only one active in the area.
Closing is scheduled for 09/17/2024.
2 bed, 1 bath, 786 sq ft
2512 N Weber ST, Colorado Springs, CO 80907 Zillow
Located in the same subdivision 0.2 miles from the subject this ranch went U/C on 7/26/2024 for $429,000. This is a 2 bed 1 bath ranch with similar finished sf on a 9,500 sq ft lot with no garage. Subject sits on a smaller corner lot with a one car detached garage. This comp is clean with some very basic updates and some need updating unlike subject that will be a much nicer finished product after included fix budget.
2510 Balboa ST, Colorado Springs, CO 80907 Zillow
This comp 0.3 miles from the subject sold on 2/9/24 at $404,000. This is a 2 beds 1 bath 1,047 sq ft ranch with a two car detached garage on a similar sized lot. This comp was clean but very dated compared to the subject after including a fixed budget.
2418 N Corona ST, Colorado Springs, CO 80907 Zillow
This comp .3 miles from the subject sold for $400,000 on 6/7/2024. This is a 3 bed 1 bath 1,047 sq ft ranch home with a two car detached garage on a 7,500 sq ft lot. This comp also cleaned up is very dated unlike the subject after including the fixed budget.
