For sale

$499,500

1631 Gilpin Alley, Erie, CO 80516

2beds

2,184sqft

$3,234/mo

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Townhouse

Built in 2021

2,734 Square Feet Lot

$493,100 Zestimate^®

$229/sqft

$95/mo HOA

What's special

Welcome home!!! Great Deal on a well-priced townhome in Erie's Compass neighborhood - under $500K! Located on a quiet block in the award -winning Boulder Valley school district. Over 1500 square feet of living space - This home features 2 large bedrooms plus a loft/office space on the second floor; the first floor is wide open with beautiful flooring, lots of natural light, an open kitchen with stainless appliances, quartz countertops, high ceilings, an attached oversized 2-car garage, and private outdoor space. The basement features 9' ceilings and is ready to be finished to add more space if desired. This is an excellent opportunity for the next owner to have instant equity in a great home in a great neighborhood!

2 days

138

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 1
3/4 bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 1

Bedroom

Features: Primary Suite
Level: Upper

Bedroom

Level: Upper

Bathroom

Level: Main

Bathroom

Features: Primary Suite
Level: Upper

Bathroom

Level: Upper

Kitchen

Level: Main

Laundry

Level: Main

Living room

Level: Main

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry: In Unit

Features

Built-in Features, Eat-in Kitchen, High Ceilings, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Walk-In Closet(s)
Flooring: Carpet, Tile, Vinyl
Windows: Window Coverings
Basement: Partial,Unfinished
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 2,184
Total interior livable area: 2,184 sqft
Finished area above ground: 1,504
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Garage - Attached
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Deck, Front Porch
Exterior features: Garden
Fencing: Partial

Lot

Size: 2,734 Square Feet
Features: Landscaped, Sprinklers In Front

Details

Parcel number: R0612601
Special conditions: Standard

Construction

Type & style

Home type: Townhouse
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Brick, Frame
Foundation: Slab
Roof: Composition

Condition

Year built: 2021

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Compass

HOA

Has HOA: Yes
Services included: Snow Removal, Trash
HOA fee: $95 monthly
HOA name: Advanced HOA Management
HOA phone: 303-482-2213

Location

Region: Erie

Financial & listing details

Price per square foot: $229/sqft
Tax assessed value: $520,400
Annual tax amount: $5,476
Date on market: 8/12/2026
Listing terms: Cash,Conventional,Other
Exclusions: None
Ownership: Individual
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$493,100

$468,000 - $518,000

$2,649/mo

Price history

Date	Event	Price
8/12/2026	Listed for sale	$499,500+4.4%$229/sqft
Source: REcolorado as distributed by MLS GRID #5738502 Report a problem
10/5/2021	Sold	$478,300$219/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,840 +1%	$32,525 -3.5%
2024	$4,794 +3.7%	$33,688 -1%
2023	$4,622 +264.4%	$34,015 +19.1%
2022	$1,268	$28,557 -20.6%
2021	--	$35,960

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 80516

Getting around

11 / 100

Car-Dependent

33 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Meadowlark School
Grades: PK-8Distance: 1.6 mi
9/10
Centaurus High School
Grades: 9-12Distance: 3.7 mi

Schools provided by the listing agent

Elementary: Meadowlark
Middle: Meadowlark
High: Centaurus
District: Boulder Valley RE 2

Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.