705 E Hills RD Colorado Springs, CO 80909
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,092 sqft
Price per Sqft $293
Subdivision Reeves
MLS Listing ID 5562861
Style Bungalow
Bedrooms 2
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 624
Year Built 1946
Annual Tax Amount $919
Tax Year 2024
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Single Family Residence
Source recolorado
Property Description
This property offers exceptional potential for the right buyer. With vision and renovation, it could be transformed into a charming single-family home surrounded by nature. The lot features mature trees, natural rock formations, and lush landscaping that create a serene, mountain-like atmosphere. Previous plans included adding koi ponds throughout the property—an idea that could easily be revived to create a stunning garden retreat.
For developers, the possibilities are even greater. The seller has consulted with the city and was informed that this one-third-acre lot may be suitable for two duplexes and two ADU structures (buyer to verify all information and perform their own due diligence).
The owner is open to owner-carry financing but prefers an outright sale.
Discover the potential this unique property holds—whether as a private sanctuary or a smart investment project!
Location
State CO
County El Paso
Zoning R-2
Rooms
Basement Exterior Entry, Partial, Unfinished
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling None
Flooring Wood
Fireplace N
Exterior
Exterior Feature Barbecue, Private Yard
Parking Features 220 Volts
Garage Spaces 2.0
Fence Full
Utilities Available Electricity Available, Electricity Connected, Phone Available
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Lot Description Many Trees
Foundation Block
Sewer Public Sewer
Water Private
Level or Stories One
Structure Type Block,Frame
Schools
Elementary Schools Queen Palmer
Middle Schools Galileo
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community No
Ownership Estate
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner Will Carry
Listing Terms 1031 Exchange, Cash, Conventional, Owner Will Carry
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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