**PRICE REDUCTION!! Investor Opportunity or Sweat Equity Project in Colorado Springs! This property presents a great opportunity to bring your vision to life and add value. Featuring 5 Bedrooms, 2 Bathrooms, Attached 1-car Garage, his home could be an excellent opportunity for an investor looking for their next investment/project or a handy buyer looking to build sweat equity through renovations and improvements. Some big-ticket mechanicals are already addressed, a New Furnace and A/C were installed in 2026. Bathrooms were also updated within the last few years. With some updating and TLC, this property has the potential to become a great home or a worthwhile investment. *SHORT SALE - SOLD AS IS!*
Powers, located between North Academy Boulevard and Marksheffel Road, is a suburban and commercial Colorado Springs neighborhood with wide arterial corridors and big-sky views of Pikes Peak. The neighborhood’s energy concentrates at the Powers Boulevard and North Carefree Circle intersection, where shopping plazas, casual eateries, and service storefronts line the sidewalks in a steady hum of traffic. Everyday errands cluster around locally rooted stops like Poor Richard’s Bookstore, Cerberus Brewing Co., and the Fine Arts Center at Colorado College. Housing trends toward late-20th-century subdivisions and newer infill, with parks and school campuses breaking up the grid. Cottonwood Creek and nearby trail segments add a green counterpoint to the retail strips. The pace feels practical and on-the-go, with gyms, coffee counters, and weekend shopping runs shaping the rhythm.
Provided by Walk Score and Local Logic
Market insights
1435 Peterson Rd · $315,000
DAYS ON MARKET
45 days
The average home goes pending in 61 days.
SALE-TO-LIST
98.9%
Most homes are selling 1% below list price.
LIST PRICE
$315,000
Median sale price in this area is $481,504. (53% higher than this home)
PRICE DROP
1 price drop
29% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Ceiling fans
Bedrooms
5 bedrooms (2 upper level, 3 lower level)
Bathrooms
2 bathrooms (1 full, 1 three-quarter)
Kitchen
Dishwasher
Microwave
Range
Refrigerator
Heating & cooling
Forced air heating
Central air conditioning
Exterior features
Balcony
Full fencing
Yard on a 0.12 acre lot
Home design
Single family residence
Bi-level layout
Unattached property
Fixer condition
Parking
Attached 1-car garage (1 parking space total)
Construction
Frame construction
Shingle roof
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
* * Investor or Sweat Equity Opportunity in Colorado Springs! Featuring 5 Bedrooms, 2 Bathrooms, Attached 1-car Garage, this home could be an excellent opportunity for an investor looking for their next investment/project or a handy buyer looking to add value and build sweat equity through renovations & improvements. Some big-ticket mechanicals are already addressed, a New Furnace and A/C were installed in 2026. Bathrooms were also updated within the last few years. With some updating and TLC, this property has the potential to become a great home or a worthwhile investment. * SHORT SALE - SOLD AS IS! *
REColorado as Distributed by MLS Grid #5869955
Oct 9, 2026
Pending
—
Sep 2, 2026
Price Changed
$315,000
$192/sq ft
Aug 25, 2026
Listed
$350,000
$213/sq ft
+23
**PRICE REDUCTION!! Investor Opportunity or Sweat Equity Project in Colorado Springs! This property presents a great opportunity to bring your vision to life and add value. Featuring 5 Bedrooms, 2 Bathrooms, Attached 1-car Garage, his home could be an excellent opportunity for an investor looking for their next investment/project or a handy buyer looking to build sweat equity through renovations and improvements. Some big-ticket mechanicals are already addressed, a New Furnace and A/C were installed in 2026. Bathrooms were also updated within the last few years. With some updating and TLC, this property has the potential to become a great home or a worthwhile investment. *SHORT SALE - SOLD AS IS!*
IRES as Distributed by MLS Grid #3109259
Apr 14, 2023
Sold
$399,000
$243/sq ft
Mar 21, 2023
Pending
—
Jan 30, 2023
Listed
$399,000
$243/sq ft
Public Records
Sep 8, 2020
Sold
$330,000
$201/sq ft
Public Records
Nov 4, 1993
Sold
$74,900
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,496 (+9.6%)
$4,210 + $20,460
$24,670
2024
$1,364 (+9.1%)
$4,210 + $20,460
$24,670
2023
$1,250 (+7.3%)
$4,000 + $20,370
$24,370
2022
$1,165 (−6.5%)
$3,130 + $14,060
$17,190
2021
$1,246 (+9.1%)
$3,130 + $14,060
$17,190
2020
$1,142 (+0.4%)
$3,220 + $14,470
$17,690
2019
$1,137 (+28.1%)
$2,500 + $11,980
$14,480
2018
$887 (+4.8%)
$2,500 + $11,980
$14,480
2017
$847 (+20.3%)
$1,690 + $8,830
$10,520
2016
$704 (+0.3%)
$1,690 + $8,830
$10,520
2015
$702 (+7.5%)
$1,710 + $8,650
$10,360
2014
$653 (−0.3%)
$1,710 + $8,650
$10,360
2013
$655 (−3.5%)
$1,710 + $7,600
$9,310
2012
$679 (+2.6%)
$1,710 + $7,600
$9,310
2011
$662 (−6.4%)
$1,710 + $8,060
$9,770
2010
$707 (+0.9%)
$1,710 + $8,060
$9,770
2009
$701
$1,910 + $8,990
$10,900
Public record
Public record
Zoning
Permits
Beds
4
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
5,400 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,642
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,642
Year built
1972
Style
Single Family Residential
County
El Paso County
APN
5408205014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
RS-5000
AP-O
Residential Suburban District
The RS-5000 zoning district is a 5,000 sq ft district intended to accommodate single-family and 2-family residential development.
Zone overlays
Airport Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational/school
Housing-Mobile home park
Park & open space
Mar 20, 2026 • Final
434
Replace the furnace and air conditioning system.
Electrical
HVAC
Jan 16, 2020 • Final
434
Replace the water heater.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
8% chance of being in a wildfire in next 30 years
2/10 Heat Factor
5 days above 89° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Colorado Springs, CO • 80915
Average low and high temperatures (°F)
40
19
51
25
63
35
64
38
68
44
82
56
88
60
83
59
75
52
69
43
53
32
52
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Colorado Springs. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1435 Peterson Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $350,000 and $385,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $385K.