132 Rainbow Place
Colorado Springs, CO, 80906 $ 610,000
Bedrooms3 Baths2.0 Sq 1,791 Monthly Estimate*
$ 3,852
for $610,000 with 3 bedrooms and 2 full baths. This 1,791 square foot home was built in 1956 on a lot size of 0.3492.
WELCOME HOME to this beautifully remodeled rancher tucked into the heart of the highly sought-after Cheyenne Mountain area. Nestled on an incredible .35-acre lot surrounded by mature trees, this home perfectly blends timeless character, thoughtful updates, and an unbeatable location within award-winning D-12 schools. The charming 1956 brick exterior immediately sets the tone, offering warmth and curb appeal that feels both classic and inviting from the moment you arrive. Whether you’re sipping coffee from the welcoming front porch as the neighborhood slowly wakes up or enjoying a peaceful morning on the back deck overlooking the private backyard and pasture beyond, this home creates the kind of everyday moments that simply feel special. Inside, you’ll find a remodeled 3-bed, 2-bath layout filled with warmth, natural light, and elevated finishes throughout. Extensive renovations breathed new life to the home while preserving its original charm, including new windows, roof, gutters, furnace, water heater, upgraded electrical panel with arc fault breakers, new driveway & sidewalk, beautifully refinished original hardwood floors, high-end soft-close cabinetry, and top-of-the-line Whirlpool appliances. Two cozy wood-burning fireplaces create inviting gathering spaces, while the spacious family room with walk-out access seamlessly connects indoor and outdoor living. The oversized 2-car garage offers additional flexibility for storage, hobbies, or workshop space, and the paid-off solar adds long-term efficiency and value. Step outside and experience your own private Colorado retreat complete with a wood deck, pergola, raised garden beds, and room to relax, entertain, and unwind beneath the trees. Perfectly positioned minutes from Cheyenne Canyon, The Broadmoor, Cheyenne Mountain Zoo, Bear Creek Park, Downtown, Old Colorado City, Manitou Springs, trails, shopping, dining, and quick I-25 access, this location truly offers the best of Colorado living at the end of the Rainbow.
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FeaturesGeneralLiving Area 1791.0
Sewer Sewer
Heating Forced Air Natural Gas Passive Solar
Cooling Ceiling Fan(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Solar See Prop Desc Remarks
Roof Composite Shingle
Appliances Dishwasher Disposal Dryer Microwave Oven Range Refrigerator Self Cleaning Oven Washer
HOA Fee 0.0
Patio/Porch Features Wood Deck See Prop Desc Remarks
Year Built 1956
Miscellaneous Auto Sprinkler System High Speed Internet Avail. Other Radon System See Prop Desc Remarks Smart Home Thermostat Window Coverings
Property Subtype Single Family
Tax Year 2024
Parcel Number 7425401003
Community Features Dining Hiking or Biking Trails Lake/Pond Parks or Open Space Shops See Prop Desc Remarks
Accessibility Other
Assoc Fee Paid Per Not Applicable
County El Paso
Property Type Residential
HOA N
Full Baths 1
Status Under Contract - Showing
City Colorado Springs
High School District Cheyenne Mtn-12
Lot Size Units SqFt
Lot Size Square Feet 15210.0
Property Attached Y/N N
Tax Annual Amount 2440.31
Lot Description Corner Level Trees/Woods See Prop Desc Remarks
MLS Area Minor Cheyenne Valley
Additional Parcels Y/N N
Assessments Y/N N
Structure Type Frame
Standard Status Active Under Contract
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InteriorInterior Amenities Great Room Other See Prop Desc Remarks
Basement Crawl Space
Flooring Tile Wood Luxury Vinyl
Fireplace Features Gas Main Level Two Wood Burning
Entry Natural Wood
Above Grade Finished Area 1791.0
Half Baths 0
3/4 Baths 1
Laundry Features Electric Hook-up Main
Total Bedrooms 3
Total Baths 2
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ExteriorSiding Brick
Fencing Rear
Water Source Municipal
Total Parking 2.0
Driveway Concrete
Garage Type Attached
Lot Location Hiking Trail Near Fire Station Near Hospital Near Park Near Public Transit Near Schools Near Shopping Center
Lot Size 15210.0
Building Area Total 1791.0
Lot Size Acres 0.3492
Road Frontage Type City/Town Road
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* Excluded FeaturesList ByWelcome Home Co, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $3,852
- Monthly Property Taxes
- $203
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Colorado Springs, CO
Average List Price $644,323
Percent of Sale Price 6%
About Colorado Springs, CO 461,521 Population
27% Since 2002
$ 57,575 Median Income
36.95 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
5519847 Elementary School
5519701 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/18/2026 | $610,000 | | Listed Price |