968 Terrace Circle
Colorado Springs, CO 80904
- 3 beds
- 2 baths
- 2,168 sqft
- 12,100 sqft lot
- $184 per sqft
- 1958 build
- – on site
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!
Last checked:
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Last updated Apr 3, 2025
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MLS# 7959266 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1958
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Architectural Style:Mid-Century Modern
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Construction Materials:Frame
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Structure Type:House
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Exterior Features:Balcony
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Patio And Porch Features:Covered
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Roof:Composition
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Basement:true
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Levels:Three Or More
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Building Area Total:2912
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Building Area Source:Public Records
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Above Grade Finished Area:2120
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Below Grade Finished Area:48
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Property Attached:false
Interior
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Flooring:Carpet, Tile
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Fireplaces Total:1
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Fireplace Features:Family Room, Gas
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Laundry Features:In Unit
Room Dimensions
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Living Area:2168
Location
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Latitude:38.85281514
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Longitude:-104.84055636
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:74122-01-001
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Property Condition:Fixer
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Zoning:R1-6 HS
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Lot Features:Foothills
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Lot Size Area:12100
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Lot Size Acres:0.28
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Lot Size SqFt:12100
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Lot Size Units:Square Feet
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Exclusions:n/a
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Fencing:Partial
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Road Responsibility:Public Maintained Road
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Road Frontage Type:Public
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (303) 963-6334
- Office phone:
- (303) 502-7333
Taxes
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Tax Year:2024
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Tax Annual Amount:1900
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Tax Legal Description:BLK 8 RESUB OF MESA TERRACE SUB COLO SPGS
Beds
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Bedrooms Total:3
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Upper Level Bedrooms:3
Baths
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Total Baths:2
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Full Baths:1
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Three Quarter Baths:1
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Upper Level Baths:2
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Air
Utilities
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Sewer:Septic Tank
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Water Included:Yes
Schools
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Elementary School:Bristol
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Elementary School District:Colorado Springs 11
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Middle Or Junior School:Holmes
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Middle Or Junior School District:Colorado Springs 11
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High School:Coronado
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High School District:Colorado Springs 11
The Community
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Subdivision Name:Mesa Terrace Sub Resub
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Senior Community:false
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Association:false
Parking
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Parking Total:2
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Attached Garage:false
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Carport Spaces:2
Monthly cost estimate
Asking price
$399,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,136
|
| Taxes | $158 |
| Insurance | $109 |
| Utilities | $174 See report |
| Total | $2,577/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
