Open House Fri, Oct 6th 03:00 PM - 06:00 PM
Address
243 Walnut Avenue, Palmer Lake, CO
Price
$ 738,500
Property Attributes
  • MLS#1517551
  • TypeSingle Family
  • CountyEL PASO
  • CityPalmer Lake
  • AreaLewis
  • NeighborhoodGlen Park Palmer Lake
  • Zip80133
  • Style2 Story
  • Year Built1899
  • Taxes$ 885
  • Price$ 738,500
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2393
  • Lot Size5,001 SqFt
Data Source:
Pikes Peak MLS (PPMLS)
Property Description

Delight in the charm of historic Palmer Lake paired with modern-day Short Term Rental investment potential in this meticulously remodeled gem. The distinctive feature of this property is its unique and flexible layout, which can be partitioned into two separate living spaces. The downstairs unit is currently utilized as a short-term vacation rental, generating a monthly income. Sellers intend to transfer any upcoming bookings with sale. The lower living unit shines with a well-equipped kitchen, cozy living areas, and chic bedrooms, making it a highly sought-after getaway for vacationers seeking the tranquility of the area. The upper unit, currently the owner's living space, mirrors the same charm and elegance, making it the perfect private retreat. Additionally, the property's location in a serene, historic neighborhood, brimming with picturesque landscapes and walking distance to local amenities, significantly increases its appeal to both long-term renters and vacationers alike. The possibilities of this home are boundless: Live in one unit while earning a substantial income from the other, rent both units out for double the profit, or occupy the entire space as a remarkable single-family home with space to spread out. Enter the lower living space/ short term rental via the door behind the red gate to the right of the garage or through a spiral staircase in the backyard. Enter the upper level living space via the garage.

Price History
9/18/2023 Listed $745,000
9/18/2023 1% - $738,500

General Features

Construction Status Existing Home
HOA Fee 0.00
Monthly Taxes 885.55
Number of Garage Spaces 2
Property Type Residential
Roof Composite Shingle
School District Lewis-Palmer-38
Status Active
Sub Type Single Family
Tax Year 2022
Utilities Electricity, Natural Gas
Water Municipal

Interior Features

Floor Plan 2 Story
Full Baths 3
Total Baths 3

Exterior Features

Foundation Not Applicable
Garage Type Attached
Lot Description See Prop Desc Remarks
Lot Size 5000.0000
Lot Size Area 5000.00
Siding Alum/Vinyl/Steel, Stone, Other
Structure Wood Frame

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 80133

Price
AVG $800K
$740K
Taxes
AVG $2,589
$885
Visits
AVG 199
115
Data Provided by Inside Real Estate®
Year Built
AVG 1980
1899

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