Backup offers
$7,600 Closing Credit¹
#7387282, Tommy Daly, Listing office: RE/MAX Properties Inc
$675,000 List price
5480 Flag Way Colorado Springs, CO 80919
$8,016
Closing credit¹
4 beds
3 full, 1 partial
3,064 sqft
0.2 acres
$220 / sqft
House
Property details
About 5480 Flag Way
Step inside and feel right at home. This spacious 4-bedroom, 4-bathroom home offers nearly 2,950 finished square feet with room for everyone to spread out. The main level includes a bright formal living and dining space, an open kitchen with island, pantry, and stainless appliances, a cozy family room with gas fireplace, plus a sunny breakfast nook, laundry area, and a 2-car garage. Upstairs features a vaulted primary suite with a 5-piece bath, two additional bedrooms, and a full bath. The finished basement adds a large recreation room, a conforming fourth bedroom, and a full bath—perfect for guests, hobbies, or movie nights. Step out back to a peaceful, fenced yard with mature trees, a sprinkler system, and a patio ideal for summer barbecues. Located just minutes from First & Main Town Center, Cottonwood Creek Park, Peterson Space Force Base, UCCS, and great schools. Quick access to Powers Boulevard and Austin Bluffs Parkway. This is the kind of home that just feels good the moment you walk in. Don’t miss it.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s), Central Air
Size3,064 sqft
BasementYes
Lot size0.1681 Acres
Year built2000
ParkingAttached
MLS #8242753
Attached garageYes
FireplaceGas, Main Level, One
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dishwasher, Disposal, Double Oven, Dryer, Gas Range, Kitchen Vent Fan, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer
- Basement: Yes
- Flooring Type: Carpet, Ceramic Tile, Vinyl, Wood
- Interior: Five Piece Bath, Nine Foot Plus Ceilings, Great Room, Vaulted Ceiling(s)
- Fireplace: Gas, Main Level, One
- Total Bedroom Count: 4
- Attached Garage: Yes
- Parking: Attached
- Exterior: See Remarks
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
- List Price: $675,000
- Price/SqFt: $220
- HOA Amount: $22 Monthly
- Annual Tax Amount: $1,920
- Tax Year: 2023
- Lot: Cul-De-Sac
- Year Built: 2000
- Living Area: 3,064 SqFt
- Lot Size: 0.1681 Acres
- MLS Number: 8242753
- Office Name: Orchard Brokerage LLC
- Office Phone: (844) 515-9880
- Listing Agent: Jacob Romero
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: 6/22/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$675,000
5480 Flag Way
$8,016
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 29, 2004 | Home Sold | $285,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $41,180 | $1,920 |
| 2022 | $31,080 | $1,739 |
| 2021 | $31,970 | $1,886 |
| 2020 | $30,150 | $2,046 |
| 2019 | $30,150 | $1,867 |
| 2018 | $25,450 | $1,768 |
| 2017 | $25,450 | $1,476 |
History based on county public records data.
Nearby schools
7
Chipeta Elementary School
Public District PK-5
0.5 mi
•2340 Ramsgate Ter
4
Trailblazer Elementary School
Public District PK-5
0.7 mi
•2015 Wickes Rd
4
Jackson Elementary School
Public District PK-5
1.7 mi
•4340 Edwinstowe Ave
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 $82,863. The most common annual income of people living in Colorado Springs, CO is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
17%
<35k
40%
35k-100k
35%
100k-200k
8%
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?
44%
Single, No Kids
7%
Single, with Kids
29%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
35%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Symphony or Opera
NBA/WNBA
Where do the neighbors shop?
Express/Express For Men
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Qdoba
Boston Market
Starbucks
What do the neighbors drive?
Volkswagen
Volvo
Pontiac
What do the neighbors listen to?
Urban Contemporary
Talk/Personality
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5480 Flag Way
The listing price of 5480 Flag Way property is $675,000.
The property 5480 Flag Way is a house located in Colorado Springs, Colorado, 80919.
Active Listing: 5480 Flag Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5480 Flag Way are: Chipeta Elementary School (GreatSchools Rating 7/10), Trailblazer Elementary School (GreatSchools Rating 4/10), Jackson Elementary School (GreatSchools Rating 4/10), Eagleview Middle School (GreatSchools Rating 7/10), Holmes Middle School (GreatSchools Rating 5/10), Academy for Advanced and Creative Learning (GreatSchools Rating 7/10), Colorado Springs Early Colleges (GreatSchools Rating 5/10), Civa Charter Academy (GreatSchools Rating 5/10), Coronado High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,920 (source: MLS/based on county public records data).
The last sale was on June 29, 2004 for $285,000 (source: MLS/tax record).
The property at 5480 Flag Way has 4 bedrooms and 3 full and 1 half bathrooms.
The property 5480 Flag Way is 3,064 SqFt (source: MLS/tax record).
The year of construction for 5480 Flag Way is 2000.
This home is located at 5480 Flag Way in Colorado Springs, CO and zip code 80919 in the Pinon Valley neighborhood. This 3,064 square foot home, which was built in 2000, sits on a 0.17 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $675,000.
While more than 76 listings in Colorado Springs, CO in May 2025 were sold above asking price, there were more than 72 listings sold at asking price, and more than 122 were sold below. The number of listings in Colorado Springs, CO increased by 42.2% between April and May 2025. While the average time on the market in May 2025 was 40 days, the median list price was $480,000.
From Rocket Homes Real Estate and based on county public records data.