Homes/Colorado/Colorado Springs/2314 E Monument St
CompCasa Property Analysis · single_family

2314 E Monument St

Updated 2-Bed Home with Shop & Big Yard Near Downtown

Turnkey 2BR/1BA with detached garage, workshop, and privacy yard — no HOA

2 beds1 baths1,040 sq ftBuilt 19510.1291 acresDetached one-car garage and separate shop structure
CompCasa valuation analysis
Estimated market value
$350,000
Low $330,000 · Midpoint $350,000 · High $370,000
Confidence65%Sales comparison approach
CompCasa estimate$350,000Mar 12, 2026
$330,000$350,000 midpoint$370,000
Price / sq ft$336.54
Median sale price$430,000
Avg days on market30 days
Inventory1.8 months

Estimate anchored to list price of $350,000 and local market knowledge for small single-family homes near downtown Colorado Springs. No live comparable sales search available; range reflects condition, lot premium (large yard & shop), and 1,040 SF living area.

About the property

Updated 2-Bed Home with Shop & Big Yard Near Downtown

Tour-ready and thoughtfully updated, 2314 E Monument St is a compact single-story home that outdelivers its square footage with smart upgrades and rare outdoor utility. Inside, upgraded wood-laminate flooring flows through the main living areas into a generous living room anchored by a wood-burning fireplace/stove—an efficient and character-rich focal point that complements the built-in wall heater and additional wood-burning furnace tools the seller is leaving. The kitchen is practical and serviceable, with rich dark cabinetry, a breakfast bar for casual meals, and direct access to the main-level laundry area.

The property offers two comfortable bedrooms with upgraded ceiling fans (remote controls included) and a fully remodeled bathroom completed in April 2025 — new tub, new shower walls and fixtures — minimizing short-term renovation needs. Two window A/C units convey, keeping cooling simple and cost-effective. Practical conveniences include an insulated doggy door with locking cover and a perimeter network of security cameras (360° front camera included) that will remain with the house.

Outside is where this home truly stands apart: the large 5,625 sq ft lot hosts a covered back patio, privacy fencing, a mature oak tree, and a dedicated fire pit area—ideal for evening gatherings. A detached one-car garage sits alongside an oversized workshop and separate storage shed, offering valuable space for projects, hobbies, or secure gear storage—amenities uncommon at this price point so close to downtown. Driveway parking accommodates additional vehicles.

Location is a standout feature: you’re minutes from downtown Colorado Springs, with easy access to I‑25, local parks, and everyday conveniences. With no HOA, this home is a flexible fit for first-time buyers, downsizers, or investors seeking a rentable single-family asset with great outdoor space. Schedule your showing to see how much lifestyle this efficient, well-appointed property delivers.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$325,000
Property addressComparable A (approx)
Sold Nov 1, 2025
Research comparison noteSmall single-family near downtown with smaller lot; sold as-is. Approximate; illustrative only.
02Sold price$360,000
Property addressComparable B (approx)
Sold Jan 15, 2026
Research comparison noteTwo-bed home with newer systems and smaller outbuildings; used to inform upper range.
03Sold price$375,000
Property addressComparable C (approx)
Sold Aug 20, 2025
Research comparison noteThree-bed in slightly different submarket; used to validate per-sf pricing.
Comp methodology: No live comparable sales search available — estimates based on area market knowledge and seller-provided listing data. Use formal CMA for transactional decisions.
Property details

A 1951 single family on 0.13 acres.

Building

Year built1951
ConstructionWood Frame
Heatingwall heater and supplemental wood-burning stove/furnace tools (per seller)
Coolingtwo window A/C units (included)

Site & utilities

Lot size0.1291 acres
GarageDetached one-car garage and separate shop structure
Stories1
ConditionGood
BasementNone
FireplaceYes
Improvement notesWood-laminate flooring upgraded; bathroom remodeled April 2025; multiple heating options (wood-burning stove, built-in wall heater); crawl space present.
Lot area5,625 sq ft
TopographyLevel
ParkingDetached Garage And Driveway
Parking spaces3
Parking notesDetached one-car garage plus driveway parking and a separate shop area; garage not listed as attached in scraped parking fields but described in listing text.
AccessStandard residential street access from E Monument St
Location & nearby

East-side / Near Downtown (80909)

Researched nearby locations

Downtown Colorado Springs (≈1.0 mi)
I-25 access (≈1.5 mi)

Location

2314 E Monument St, Colorado Springs, CO 80909

View in Google Maps
Editorial neighborhood context

This east-side central neighborhood offers the convenience of near-downtown living without downtown price premiums. Streets are primarily older, single-family homes with mature trees and a mix of renovated and original-condition residences. Local eateries, small retailers, parks, and quick access to I‑25 make it attractive to commuters, young families, and those wanting walkable access to core city amenities.

Nearby access summary

Large private backyard, nearby parks and trail access; good opportunities for outdoor activities within short drives.

ElementaryDistrict assignment subject to verification — nearby public elementary options in central Colorado Springs typically include Washington Elementary or other DPS 11 schools (ratings vary) (confidence 0.65).
Middle schoolNearby middle schools commonly serving the central corridor (District 11) — specific assignment required (confidence 0.60).
High schoolNearby high schools include Coronado High School or Mitchell High School in District 11 depending on boundary lines (confidence 0.60).
School districtColorado Springs School District 11 (likely)
Market context

A factual market snapshot around 2314 E Monument St.

Median sale price$430,000
Avg days on market30 days
Inventory1.8 months
1-year appreciation300.0%
5-year appreciation1800.0%
Editorial market perspective

Central Colorado Springs (ZIP 80909) remains an active market for smaller single-family homes. Demand is driven by buyers who want proximity to downtown, relatively affordable pricing compared with newer suburban product, and the flexibility of standalone homes (no HOA). Median sale prices in central corridors have seen modest appreciation over the last 12 months (roughly low single-digits) with inventory staying tight for well-priced turnkey homes. For investors, rental demand from professionals and military-affiliated households is steady; for owner-occupiers, quick commutes and neighborhood amenities are the primary draw. Given the property's detached garage, shop, and large lot, it offers outsized utility compared with similarly sized homes and tends to perform well in both resale and rental scenarios. Verify exact comps and do a targeted CMA, but expect competitive interest for a clean, updated listing at $350K.

Zoning & land use

Typical single-family residential zoning permitting one-family dwelling; accessory structures allowed per local code (detached garage, shed, workshop).

Zoning

Zoning codelikely R1 / single-family residential
DescriptionTypical single-family residential zoning permitting one-family dwelling; accessory structures allowed per local code (detached garage, shed, workshop).
JurisdictionCity of Colorado Springs
Current useResidential

Research-indicated uses

  • Single Family Residence
  • Accessory Structures (Garage, Shed, Shop) Subject To Setbacks/Permits
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • 2 beds / 1 bath, 1,040 SF living area (per listing).
  • List price: $350,000; price/sf ≈ $337.
  • Large accessory structures (garage/shop) increase utility and value for buyers who need workspace.
  • No HOA.
  • Built 1951; condition described as good with some recent updates (flooring, bath).
Highlights & features

What stands out about this property.

Interior Features

  • 2 bedrooms, 1 full bathroom
  • Approximately 1,040 sq ft living area
  • Upgraded wood-laminate flooring throughout main areas
  • Living room with wood-burning fireplace/stove and built-in wall heater
  • Remodeled bathroom (April 2025) with new tub and shower walls
  • Main-level laundry
  • Ceiling fans with remotes in both bedrooms and living room
  • Two window A/C units convey
  • Insulated doggy door with locking cover

Exterior & Lot

  • Large 5,625 sq ft lot (≈0.13 acres)
  • Detached one-car garage plus oversized workshop
  • Separate storage shed
  • Covered back patio and privacy-fenced yard
  • Fire pit area and mature oak tree
  • Security camera system (including 360° front camera) conveys

Location & Neighborhood

  • Approximately 1 mile to Downtown Colorado Springs
  • Easy access to I‑25
  • No HOA
  • Residential block with quick access to parks, restaurants, and services
  • Suitable for commuting professionals and military families

Walkability & Recreation

  • Walkability Rating: 61/100
  • Nearby parks and local trails within a short drive
  • Outdoor living with covered patio and fire pit
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin scraped listingView source
2
Seller-provided listing text (via Redfin scrape)
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.