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Joshua Jones

josh@coloradodreamhomesearch.com +1(303) 868-6596

$ 399,000

Est. payment -/mo

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968 Terrace CIR Colorado Springs, CO 80904

3 Beds

2 Baths

2,168 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,168 sqft

Price per Sqft $184

Subdivision Mesa Terrace Sub Resub

MLS Listing ID 7959266

Style Mid-Century Modern

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 2,120

Originating Board recolorado

Year Built 1958

Annual Tax Amount $1,900

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Single Family Residence

Property Description

Amazing mid-century modern house with sweeping views, designed by Elizabeth Wright Ingraham, granddaughter of renowned architect, Frank Lloyd Wright. This home has a timeless mid-century modern design, & is currently dated, and ready for a new homeowner to tastefully remodel it, providing an opportunity to have one of the most unique homes in the area. With a large mostly flat lot, you will enjoy living in this private oasis. This home could easily be a 4b, 3ba, or would be perfectly situated for a full mother-in-law suite with private entrance, depending how you transform the lower level (den). Quick drive to Old Colorado City & downtown, you will enjoy living in this highly sought-after neighborhood. IMPORTANT: The owner has approved plans for a large sewer line project, giving homeowner the opportunity to connect to the city main. Colorado Springs Utilities has agreed to cover 22% of the cost, and some rebaits from adjacent homeowners tying into line in the future may exist. The cost after the rebate estimate is $117,000. Ask your lender about loan options to wrap this cost into your purchase price. Alternative to the sewer line project, if buyer wishes, they can install a holding tank system for $10,000. Neighboring remodeled comp, designed by the same architect, 1236 Terrace Rd was a 2b/1ba, which half the size of this property, and sold for 695k in 22'. The after renovation value (ARV) of this home could yield significant returns if resold after renovation. Great opportunity for an investor, homeowner, or visionary to create large profits or significant sweat equity. Homes like this are not being built anymore. don't miss your chance to tour this fixer-upper with worlds of potential!

Location

State CO

County El Paso

Zoning R1-6 HS

Rooms

Basement Partial

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile

Fireplaces Number 1

Fireplaces Type Family Room, Gas

Fireplace Y

Laundry In Unit

Exterior

Exterior Feature Balcony

Fence Partial

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Lot Description Foothills

Sewer Septic Tank

Level or Stories Three Or More

Structure Type Frame

Schools

Elementary Schools Bristol

Middle Schools Holmes

High Schools Coronado

School District Colorado Springs 11

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition None

Listed by Capital Property Group LLC • 303-963-6334