11 days on rocket

311 Farragut Ave, Colorado Springs, CO, 80909

$730,000

Home List Price

$8,669*

Closing Credit

6 Bedrooms
2 Full Baths, 1 Partial
1,536 SqFt
$475/SqFt
House
Schools Nearby

Location

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311 Farragut Ave, Colorado Springs$730,000

Buyer Closing Credits

$8,669*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1952
HeatingElectric, Forced Air, Heat Pump
CoolingCentral Air, Electric, Other
BasementYes
WaterfrontSee Remarks
ViewSee Remarks
MLS #3263953
Lot Size0.19 Acres
StatusActive

About 311 Farragut Ave

Welcome to your dream property located in the heart of Colorado Springs. This house and cottage/ADU offers the perfect blend of contemporary living and investment potential. Whether you're seeking a charming home with supplementary income or a savvy investment opportunity, this property caters to your needs. The main house features a spacious 4 bedrooms and 2 bathrooms provide ample space for comfortable living. Enjoy modern conveniences with central air and heating, ensuring year-round comfort. The main house boasts a beautifully landscaped private yard, perfect for outdoor gatherings and relaxation. Currently leased on a one-year agreement, providing immediate rental income for investors. The Cottage/ADU is a separate 2-bedroom, 1-bathroom house, fully furnished for your convenience. Ideal for multi-generational living, accommodating guests, or generating additional rental income. Zoned R2, offering flexibility for both short-term and long-term rental options. The ADU is currently set up for short-term rental, maximizing income potential for investors. Built in 2022, the cottage showcases modern finishes and thoughtful design throughout and guests of the short term rental absolutely love it! Situated just moments away from downtown, enjoy easy access to dining, shopping, and entertainment. Close proximity to Memorial Hospital and the Olympic Training Center makes it an ideal location for traveling professionals, and olympic athletes seeking temporary accommodation. Whether you envision yourself living in the cottage while leasing the main house, or maximizing rental income by renting out both properties, this versatile offering presents endless possibilities. Don't miss out on this rare opportunity to own a piece of Colorado Springs thriving real estate market. Schedule your viewing today!

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Living Area: 1,536 SqFt

Listing Office:

  • Office Name: Equity Colorado Real Estate
  • Office Phone: (719) 428-5856
  • Listing Agent: Charlie Peace

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Tile, Wood, Luxury Vinyl
  • Interior: Six Panel Doors

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks
  • Exterior: Gazebo, Workshop, Storage

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: See Remarks
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Central Air, Electric, Other

School Info

Assigned Schools Information:

  • Palmer High School, Public District Grades 9-12
  • North Middle School, Public District Grades 6-8
  • Columbia Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $730,000
  • Price Per SqFt: $475/SqFt

Tax Information:

  • Annual Amount: $1,300
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Colorado Springs, CO.

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Colorado Springs, CO

City

Med. Sold Price

$475K

Med. Price/SqFt

$232

Avg. Days On Market

30

# of Sold Homes

179

311 Farragut Ave vs Colorado Springs

11 DAYS ON ROCKET

-19 Days

$730,000

+$255K More

$475/SqFt

+$242 More

KEY TAKEAWAY

This property is $255K more than the Median Sold Price and $242/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3263953

Listing Office:

  • Office Name: Equity Colorado Real Estate
  • Office Phone: (719) 428-5856
  • Listing Agent: Charlie Peace

IDX 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.

Copyright © 2024 Pikes Peak Association of REALTORS® and PIKES PEAK REALTOR® Services Corp. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2024, 11:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 15, 2019Home Sold
$350,000
Feb 10, 2014Home Sold
$187,500
Jan 20, 2004Home Sold
$131,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,300$19,150
2019$1,170$19,150
2018$1,108$15,950
2017$857$15,950

History based on county public records data.

Payment Calculator

$3,711

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,255

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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

school-card-donut-8532778
4
/10

  • Columbia Elementary School

  • 835 E Saint Vrain St

  • 0.64 miles

  • Public District Grades PK-5

Middle School

school-card-donut-8532779
5
/10

  • North Middle School

  • 612 E Yampa St

  • 1.15 miles

  • Public District Grades 6-8

High School

school-card-donut-8532780
4
/10

  • Palmer High School

  • 301 N Nevada Ave

  • 1.26 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,783. Most Colorado Springs, CO residents have annual incomes between $35k-100k. Typical family type is 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 311 Farragut Ave

What is the listing price of this property?

The listing price of 311 Farragut Ave property is $730,000.

What type of property is this?

The property 311 Farragut Ave is a house located in Colorado Springs, Colorado, 80909.

Is this property for sale now?

Active Listing: 311 Farragut Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 311 Farragut Ave are:
Columbia Elementary School: GreatSchools Rating 4/10
North Middle School: GreatSchools Rating 5/10
Palmer 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 $1,300 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 15, 2019 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 311 Farragut Ave has 6 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 311 Farragut Ave is 1,536 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 311 Farragut Ave is 1952.

Rocket Homes›Colorado›El Paso County›Colorado Springs›80909›311 Farragut Ave

This home is located at 311 Farragut Ave in Colorado Springs, CO and zip code 80909 in the Central Colorado Springs neighborhood. This 1,536 square foot home, which was built in 1952, sits on a 0.19 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $730,000.

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. The inventory of homes for sale in Colorado Springs, CO between March 2024 and April 2024 increased by 78.8%. 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.

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