138 Rainbow Place Colorado Springs, CO $ 540,000
138 Rainbow Place
$ 540,000
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138 Rainbow Place

Colorado Springs, CO, 80906
$ 540,000
Bedrooms4 Baths2.0 Sq 2,208

Monthly Estimate*

$ 3,325

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Single Family Home for sale in Colorado Springs, CO

for $540,000 with 4 bedrooms and 2 full baths. This 2,208 square foot home was built in 1955 on a lot size of 0.2893.

Charming ranch home sitting on over a quarter acre lot, lovingly owned by the same family more than 45 yrs. That kind of long term ownership shows in all the right ways. This is a well cared for home that has been maintained with pride over time. Located on a quiet, low traffic loop street just minutes from The Broadmoor Hotel & outdoor escapes including Stratton Open Space & North Cheyenne Canon Park offering both convenience and access to nature. Original hardwood floors are in excellent condition & add warmth, character, and a sense of history you simply cannot replicate today. The living room is bright & inviting with a large picture window that fills the space with natural light. The floor plan flows naturally into the kitchen which features an eat in counter, generous cabinet space & newer appliances. The main level offers main level living with a primary bedroom, two additional bedrooms & full bathroom. Exterior curb appeal stands out with front landscaping, classic brick exterior & decorative shutters that give the home a timeless feel. A covered front porch with a white picket walkway creates a welcoming entry. The two car garage is a rare feature in the neighborhood. The huge backyard is spacious & private with mature lilac trees and plenty of room for gardening, pets, play, or simply enjoying the outdoor space. The basement is more than 80% finished and offers additional endless potential. It includes a fourth non conforming bedroom, family room, spacious laundry/utility area, multiple storage rooms & a full bathroom with a brand new vanity. This space could easily function as a secondary living area or extended living suite. Just waiting for your vision. Homes in this area rarely come to market. This property stands out for its lot size, condition, layout & long term ownership history, all in one of Colorado Springs’ most established & desirable areas. A solid, well loved home in a quiet residential enclave. YOUR POT OF GOLD AT THE END OF THE RAINBOW!

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Single Family Active

Price

$ 540,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 1,611

Style

Ranch

Lot Size

0.2893

Year Built

1955

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

5625240

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected See Prop Desc Remarks
Roof Composite Shingle
Appliances 220v in Kitchen Dishwasher Disposal Dryer Kitchen Vent Fan Microwave Oven Oven Range Refrigerator Washer
Water Municipal
Assoc Fees 0.00
Number of Garage Spaces 2
School District Cheyenne Mtn-12
Construction Status Existing Home
Property Type Residential
Yearly Taxes 1611.00
Tax Year 2024
Status Active
Sub Type Single Family
High School Cheyenne Mountain
Junior High School Cheyenne Mountain
Elementary School Canon
Covenants Y/N 0
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Exterior
Siding Brick
Garage Type Attached
Driveway Concrete
Fence Rear
Structure Framed on Lot Frame See Prop Desc Remarks
Lot Size 0.2893
Foundation Full Basement
Lot Description Mountain View See Prop Desc Remarks
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Interior
Full Baths 2
Floor Plan Ranch
Half Baths 0
Three Quarter Bath 0
Fireplace None
Total Baths 2
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* Excluded Features
List By
Galvan And Gardner Real Estate Group, Inc.

Broker

719PrimeProperties@gmail.com

Email

Affordability Calculator

$3,459
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,325
Monthly Property Taxes
$134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3074837 Elementary School
3074842 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$540,000 Listed Price

Map


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138 Rainbow Place, Colorado Springs, CO, 80906 is a Single Family Home for sale at $540,000 with 2,208 sqft and a lot size of 0.2893. 138 Rainbow Place has 4 bedrooms, 2.0 baths, and was built in 1955. The property's zip code is 80906 which is in Colorado Springs, CO