705 E Hills Road, Colorado Springs, CO 80909

Local realty services provided by:ERA New Age
705 E Hills Road,Colorado Springs, CO 80909
$320,000
  • 2 Beds
  • 1 Baths
  • 1,092 sq. ft.
  • Single family
  • Active
Listed by:rick allanrickallanhomes@outlook.com,303-919-8472
Office:homesmart
MLS#:5562861
Source:ML

Price summary

  • Price:$320,000
  • Price per sq. ft.:$293.04

About this home

PRICE REDUCED! INCREDIBLE INVESTMENT OPPORTUNITY! 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!

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Home facts

  • Year built:1946
  • Listing ID #:5562861

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,092 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1946
  • Building area:1,092 sq. ft.
  • Lot area:0.35 Acres

Schools

  • High school:Palmer
  • Middle school:Galileo
  • Elementary school:Queen Palmer

Utilities

  • Water:Private
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$293.04
  • Tax amount:$919 (2024)
MLS LogoBased on information submitted to the MLS GRID as of October 15, 2025 02:35 PM. 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.

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