$3,741 Closing Credit¹
#7538967, Jason Arends, Listing Office: Ascent Property Brokers, Inc.
#5726877·
Listing office: Flat Rate Realty Group LLC·
Listing agent: Frank Griffin·
Listing office phone: 719-283-9098
$300,000 List price
521 Observatory Dr Colorado Springs, CO 80904
$3,563
Closing credit¹
2 beds
2 full
1,212 sqft
0.03 acres
$248 / 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
CoolingOther
Size1,212 sqft
Lot size0.03 Acres
Year built1984
MLS #5726877
Attached garage2 spaces
Summary
- MLS Number: 5726877
- MLS Name: RECOLORADO
- Office Name: Flat Rate Realty Group LLC
- Office Phone: (719) 283-9098
- Office Email: Homes@FlatRateRealtyGroup.com
- Listing Agent: Frank Griffin
Listings courtesy of REColorado as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
©2025 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.
Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/20/2025, 10:12:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$300,000
521 Observatory Dr
$3,563
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. Residents of Colorado Springs, CO typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
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
Similar homes for sale
Tour
$3,741 Closing Credit¹
#6544676, Lauren Collier, Listing Office: Live Dream Colorado LLC
Tour
$3,741 Closing Credit¹
#1243863, Lauren Collier CNE GREEN MCNE MRP, Listing Office: Live Dream Colorado LLC
$3,194 Closing Credit¹
#1480100, Namati Katungu GRI MRP, Listing Office: CredoTrust Real Estate Group, LLC
4 days on Rocket
$4,453 Closing Credit¹
#3526206, Nichole Dennis, Listing Office: Muldoon Associates Inc
$4,453 Closing Credit¹
#7771775, Nichole Dennis, Listing Office: Muldoon Associates Inc
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 April 11, 2025 and is currently priced at $300,000.
In March 2025, from all listings sold in Colorado Springs, CO there were more than 64 sold above asking price, over 76 sold below and more than 53 were sold right at the asked price. The number of homes for sale in Colorado Springs, CO increased by 42.4% between February and March 2025. Listings spent 55 days on the market in March 2025, and had a median list price of $479,413 during the same period.
From Rocket Homes Real Estate and based on county public records data.