$3,859 Closing Credit¹
#7538967, Jason Arends, Listing Office: Ascent Property Brokers, Inc.
$3,741
closing credit¹
521 Observatory Dr Colorado Springs, CO 80904
$315,000 List price
$3,741
Closing credit¹
2 beds
2 full
1,212 sqft
0.03 acres
$260 / sqft
Condo
Property details
About 521 Observatory Dr
**Charming Two-Bedroom, Two-Full-Bathroom Condo in Promontory Point** Discover this beautifully situated west-side condo featuring stunning Pikes Peak views. With elegant wood floors and an abundance of natural light, this home boasts vaulted ceilings that elevate the living experience. The open layout includes a spacious kitchen, dining, and living room area, complete with a cozy wood-burning fireplace and access to a private balcony—perfect for enjoying those breathtaking views. The main floor hosts a generously sized bedroom with a walk-in closet and an attached bathroom, thoughtfully designed to allow guest access while maintaining privacy. Upstairs, you'll find a loft-style bedroom and bathroom, offering a unique and inviting space. The property includes a two-car tandem garage with an interior entry, ensuring convenience and security while helping to keep utility bills low. Additional storage space is also available. New furnace was installed in 2014. Enjoy the convenience of being within walking distance to Old Colorado City and mere minutes from I-25, Colorado College, and downtown Colorado Springs. The HOA takes care of the beautifully manicured landscape, providing plenty of green space to enjoy, giving you the feel of your own yard.
Highlights
Home typeCondominium
HeatingForced Air
StatusActive
CoolingCeiling Fan(s), Other
Size1,212 sqft
BasementYes
Lot size0.0342 Acres
Year built1984
ParkingTandem
MLS #7588219
FireplaceMain Level, One, Wood Burning
Summary
- MLS Number: 7588219
- Office Name: Flat Rate Realty Group LLC
- Office Phone: (719) 283-9098
- Listing Agent: Frank Griffin ABR AHWD CRETS EPRO GRI MRP PSA RENE RSPS SFR SRES SRS
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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Copyright © 2025 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: 2/12/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$315,000
521 Observatory Dr
$3,741
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 28, 2017 | Home Sold | $170,000 |
| Dec 12, 2014 | Home Sold | $146,900 |
| Jan 02, 2004 | Home Sold | $162,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $20,800 | $803 |
| 2022 | $15,400 | $861 |
| 2021 | $15,850 | $935 |
| 2020 | $12,950 | $878 |
| 2019 | $12,950 | $866 |
| 2018 | $11,810 | $820 |
| 2017 | $11,810 | $720 |
History based on county public records data.
Nearby schools
5
Bristol Elementary School
Public District PK-5
0.5 mi
•890 N Walnut St
3
Midland Elementary School
Public District PK-5
1.2 mi
•2110 Broadway Ave
8
Steele Elementary School
Public District PK-5
1.7 mi
•1720 N Weber St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,918. The majority of Colorado Springs, CO residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
43%
<35k
36%
35k-100k
20%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
10%
Single, with Kids
21%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Tennis
Where do the neighbors shop?
IKEA
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Starbucks
What do the neighbors drive?
Lexus
Toyota
BMW
What do the neighbors listen to?
Soft Adult Contemporary
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 521 Observatory Dr
This home is located at 521 Observatory Dr in Colorado Springs, CO and zip code 80904 in the Old Colorado City neighborhood. This 1,212 square foot home, which was built in 1984, sits on a 0.03 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $315,000.
Colorado Springs, CO housing market in January 2025 saw over 24 listings sold above listed price, more than 26 sold at listed price and over 83 sold below. The inventory of homes for sale in Colorado Springs, CO between December and January 2025 increased by 32.6%. While the average time on the market in January 2025 was 72 days, the median list price was $460,000.
From Rocket Homes Real Estate and based on county public records data.