968 Terrace Cir new Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80904
Key Details
Property Type Single Family Home
Sub Type Residential-Detached
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 Contemporary/Modern
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 2,120
Originating Board REcolorado
Year Built 1958
Annual Tax Amount $1,900
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Residential-Detached
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
Area Out Of Area
Zoning R1-6 HS
Rooms
Basement Partial
Primary Bedroom Level Upper
Bedroom 2 Upper
Bedroom 3 Upper
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type Gas,Family/Recreation Room Fireplace,Single Fireplace
Fireplace true
Exterior
Exterior Feature Balcony
Garage Spaces 2.0
Fence Partial
View Foothills View
Roof Type Composition
Street Surface Paved
Porch Patio
Building
Story 3
Sewer Septic,Septic Tank
Level or Stories Three Or More
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Bristol
Middle Schools Holmes
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor