Ranch home in 702 Erie Rd Colorado Springs, CO
Set in Colorado Springs, CO, this Ranch home provides 3 bedrooms and 1 bathroom across 966 square feet. The Ranch styling carries through the home's design.
| Price | $282,000 |
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| Beds | 3 |
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| Baths | 1 |
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| Sqft | 966 |
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| Architectural style | Ranch (44% match) |
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| Address | 702 Erie Rd Colorado Springs, CO 80910 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $282K, this home is 37% below the $450K median for 869 similar Ranch homes in Colorado Springs, CO.
- That works out to $292 per square foot, 30% above the $225 comparable rate.
- On the market 8 days.
| This home | $282,000 |
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| Ranch median in Colorado Springs, CO | $450,000 (869 homes) |
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| Price per sq ft | $292 vs. $225 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,769/month with 20% down at a 7.28% 30-year fixed rate. You would need about $75,822 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,544/mo |
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| Property tax (new-buyer reassessed rate) | $120/mo |
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| Homeowners insurance | $106/mo |
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| Total monthly | $1,769/mo |
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| Down payment (20%) | $56,400 |
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| Income needed | $75,822/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (74/100) |
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| Beats renting in | 36% of modeled paths |
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| Modeled 5-yr equity (median) | $161,899 |
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| Range (10th to 90th pct) | $102,770 to $231,893 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Colorado Springs, CO where local data is thin.
Local home values
Typical home values in Colorado Springs, CO have risen about 5% over the past 5 years (-1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto