FireplaceBasement, Gas, Main Level, Two, Wood Burning
MLS #8599765
Lot Size0.15 Acres
StatusActive
About 2505 Prairie Rd
Welcome to this charming corner lot 4 bedroom, 2 bath rancher centrally located in Colorado Springs. Upon entering, you'll be greeted by the inviting living room and dining room combo, featuring original hardwood floors and a cozy wood-burning fireplace. The kitchen seamlessly transitions to the back patio, offering a perfect setting for indoor-outdoor entertaining and relaxation. The main level also boasts a 3/4 bathroom, two bedrooms, and convenient main level laundry facilities, providing ease and comfort for everyday living. The updated basement offers additional living space, including a large family room with a wood-burning stove, two spacious bedrooms, 3/4 bathroom, kitchenette area, and laundry hookups. With a separate back entrance, this basement level presents a great rental opportunity, with the potential to split the upper and basement levels for short-term rental (STR) income if desired. Outside, the backyard features a large concrete patio and a detached two-car garage. With its flexible layout and rental potential, this property offers endless possibilities for investment or multigenerational living. Conveniently located close to schools, shopping, and restaurants, this home provides easy access to the entire city, with I-25 and Academy Blvd a quick 10 minute drive away. Schedule a viewing today and discover the potential of this versatile home!
This property is $60K less than the Median Sold Price and $25/SqFt less than other homes in Colorado Springs, CO.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #8599765
Listing Office:
Office Name: Hause Associates Realty Services
Office Phone: (719) 291-2805
Listing Agent: Daniellelynn Biery MRP
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,139
Per Month
Principal & Interest
$2,072
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,311
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Audubon Elementary School
2400 E Van Buren St
Distance between this listing and this school0.15 miles
Public District Grades PK-5
Middle School
2
/10
Mann Middle School
1001 E Van Buren St
Distance between this listing and this school0.96 miles
Public District Grades 6-8
High School
4
/10
Palmer High School
301 N Nevada Ave
Distance between this listing and this school2.72 miles
Public District Grades 9-12
Assigned Schools
3
/10
Audubon Elementary School
2400 E Van Buren St
Distance between this listing and this school0.15 miles
Public District Grades PK-5
Nearby Schools
4
/10
James Irwin Charter Academy
1801 Howard Ave
Distance between this listing and this school0.76 miles
Public Charter Grades KG-5
6
/10
Stratton Elementary School
2460 Paseo Rd
Distance between this listing and this school0.83 miles
Public District Grades PK-5
Assigned Schools
2
/10
Mann Middle School
1001 E Van Buren St
Distance between this listing and this school0.96 miles
Public District Grades 6-8
Nearby Schools
4
/10
Colorado Springs Charter Academy
2577 N Chelton Rd
Distance between this listing and this school0.79 miles
Public Charter Grades KG-8
2
/10
Galileo School of Math and Science
1600 N Union Blvd
Distance between this listing and this school0.94 miles
Public Magnet Grades 6-8
Assigned Schools
4
/10
Palmer High School
301 N Nevada Ave
Distance between this listing and this school2.72 miles
Public District Grades 9-12
Nearby Schools
1
/10
The Bijou School
2115 Afton Way
Distance between this listing and this school0.51 miles
Public District Grades 9-12
1
/10
Nikola Tesla Education Opportunity Center
2115 Afton Way
Distance between this listing and this school0.51 miles
The neighbors living near this home have an average income of $45,948. The majority of Colorado Springs, CO residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2505 Prairie Rd
What is the listing price of this property?
The listing price of 2505 Prairie Rd property is $415,000.
What type of property is this?
The property 2505 Prairie Rd is a house located in Colorado Springs, Colorado, 80909.
Is this property for sale now?
Active Listing: 2505 Prairie Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2505 Prairie Rd are: Audubon Elementary School: GreatSchools Rating 3/10Mann Middle School: GreatSchools Rating 2/10Palmer High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,161 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 10, 2018 for $250,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2505 Prairie Rd has 4 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 2505 Prairie Rd is 2,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2505 Prairie Rd is 1955.
This home is located at 2505 Prairie Rd in Colorado Springs, CO and zip code 80909 in the East Colorado Springs neighborhood. This 2,000 square foot home, which was built in 1955, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $415,000.
Over 59 listings were sold over their listed price in April 2024 in Colorado Springs, CO. In the same period over 69 listings were sold below the listed price and 51 listings were sold for the listed price. In April 2024 in Colorado Springs, CO there were 78.8% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $475,000, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.