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Sold for $385,000 on 06/23/25
  • $385,000

    968 Terrace Circle, Colorado Springs, CO 80904

    3beds
    2,912sqft
    Single Family Residence
    Built in 1958
    0.28 Acres Lot
    $384,500 Zestimate®
    $132/sqft
    $2,590 Estimated rent

    What's special

    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 $100,000. Ask your lender about loan options to wrap this cost into your purchase price. 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!

    Zillow last checked: 7 hours ago

    Listing updated: June 23, 2025 at 08:39am

    Listed by:

    Nate Sylvan 303-963-6334,

    Capital Property Group LLC

    Bought with:

    Katie Gribble

    Venterra Real Estate LLC

    Source: REcolorado,MLS#: 7959266MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Primary bedroom
    • Level: Upper
    Bedroom
    • Level: Upper
    Bedroom
    • Level: Upper
    Primary bathroom
    • Level: Upper
    Bathroom
    • Level: Upper
    Bonus room
    • Level: Main
    Den
    • Level: Basement
    Dining room
    • Level: Main
    Family room
    • Level: Main
    Kitchen
    • Level: Main
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Tile
    • Basement: Partial
    • Number of fireplaces: 1
    • Fireplace features: Family Room, Gas
    Interior area
    • Total structure area: 2,912
    • Total interior livable area: 2,912 sqft
    • Finished area above ground: 2,120
    • Finished area below ground: 48

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    • Carport spaces: 2
    Features
    • Levels: Three Or More
    • Patio & porch: Covered
    • Exterior features: Balcony
    • Fencing: Partial
    Lot
    • Size: 0.28 Acres
    • Features: Foothills
    Details
    • Parcel number: 7412201001
    • Zoning: R1-6 HS
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mid-Century Modern
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Fixer
    • Year built: 1958

    Community & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Mesa Terrace Sub Resub

    Other

    Other facts
    • Listing terms: Cash,Conventional,Private Financing Available
    • Ownership: Corporation/Trust
    • Road surface type: Paved
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    Estimated market value

    $384,500