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968 Terrace Cir, 
Colorado Springs, CO 80904

$399,000


3

Beds


2

Baths


2,912

Sq Ft


Single Family

Active

Listed by

Nate Sylvan

Capital Property Group LLC.

303-502-7333

Last updated:

May 7, 2025, 02:21 PM

MLS#

7959266

Source:

IRES

About This Home

968 Terrace Cir

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!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1958

Price Summary

399,000

$137 per Sq. Ft.

MLS #:

7959266

Last Updated:

May 7, 2025, 02:21 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

2,912 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary/Modern, Residential-Detached, Three Or More

Building Area:

2,120 Sq. Ft.

Year Built:

1958


Lot

Lot Size (Sq. Ft):

12,196


Finances & Disclosures

Finances

Price:

$399,000

Price per Sq. Ft:

$137 per Sq. Ft.

Source:IRES
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