$365,000
4825 Eldon Dr S, Colorado Springs, CO 80916
Updated 3-Bed Tri-Level with Large Fenced Yard & Deck
3 Bed · 2 Bath · 1,265 Sq Ft
Move-in ready with recent mechanical upgrades and potential assumable VA loan
3
Beds
2
Baths
1,265
Sq Ft
1982
Built
0.19 acres
Lot
1-car attached garage (seller notes 220V) — confirm on tour
Garage
About 4825 Eldon Dr S
Not your average tri-level — this refreshed 3-bedroom, 2-bath home on Eldon Drive blends practical upgrades with yard-sized appeal. The seller has completed meaningful system work (newer furnace and water heater, upgraded electric panel) and added conveniences that reduce near-term maintenance needs. Inside, luxury vinyl tile flows through the main living areas for a durable, modern look; the kitchen will be finished with a new quartz countertop and already sports stainless-steel appliances.
The floor plan stretches front-to-back, giving separation between living areas and bedrooms and opening to a generous sundeck from the dining area. Step down into a lower level that’s well suited for a family room, hobby space, or a home office. Outside, the large, fully fenced backyard provides privacy and play space — a rare mid-sized lot in the city that invites gardening, entertaining, and safe outdoor play.
Practical details matter here: the seller reports an upgraded electrical panel and 220V service in the garage (useful for workshop gear or EV charging with appropriate equipment). For qualifying buyers, the listing notes an assumable VA loan — a potential financing advantage for veterans. The location is quietly residential yet convenient to local shopping, services, the Colorado Springs Airport, and nearby military installations, making commutes and errands straightforward.
Whether you’re looking for a starter home with strong mechanical bones or a rental with stable tenant appeal near military employers, this property is worth a look. Confirm details with the listing agent and schedule a showing to verify the garage configuration, final kitchen finish, and to walk the backyard in person.
Home Highlights
Property Features
Interior Features
- 3 bedrooms / 2 bathrooms
- 1,265 square feet; tri-level layout
- Luxury vinyl tile (LVT) flooring throughout main areas
- Stainless-steel appliances
- New quartz kitchen countertop being installed
- Lower-level family room / multi-use space
Exterior & Lot
- Large fenced backyard (~8,108 sqft / 0.19 acre)
- Sundeck off dining area for outdoor entertaining
- Level lot with typical neighborhood landscaping
- Driveway and inferred 1-car attached garage with 220V (verify)
Location & Neighborhood
- Quiet residential street in southeast Colorado Springs (80916)
- Convenient to local shopping, services, and Colorado Springs Airport
- Shorter commute to Fort Carson and Peterson SFB — good for military-affiliated buyers
- Neighborhood character: stable single-family streets and practical family amenities
Walkability & Recreation
- Walkability Rating: 45/100
- Nearby parks and neighborhood walking routes (short drive to larger regional parks)
- Easy access to arterial roads for regional recreation and city amenities
Neighborhood & Location
This home sits in a quiet, established pocket of southeast Colorado Springs (ZIP 80916). The neighborhood is characterized by single-family residences on modest to mid-sized lots, with local convenience retail and services a short drive away. Proximity to major employers and military installations gives the location steady demand from renters and buyers who value access and affordability relative to the rest of the region.
Market Insights
Southeast Colorado Springs remains a practical market for buyers seeking single-family homes at a reasonable price point compared with the broader metro. As of early 2026 inventory is modest and well-updated homes typically sell faster than average. Median single-family prices in nearby submarkets sit in the low-to-mid $400ks, but smaller, updated homes like this one — with strong mechanical updates and a usable yard — compete well. Average days on market for entry-to-mid-level single-family homes in the area are typically in the 20–35 day range; expect stronger interest where financing advantages exist (for example, an assumable VA loan). This property presents an opportunity for buyers who want reduced near-term capital expenses and a home that is move-in-ready with some finishing touches.
Nearby Schools
School assignment varies by parcel — verify with district
Elementary|Middle|High · Varies
Walkability & Recreation
Short drives to local parks and regional trails; back yard and sundeck offer immediate outdoor living space.
Investment Highlights
- Assumable VA loan may be available — potential financing advantage for veterans
- Recent mechanical/electrical upgrades reduce near-term capital expenditure (furnace, water heater, electric panel)
- Large, fenced backyard with sundeck — strong appeal for families and renters
- Updated interior finishes (LVT flooring, new quartz counters) reduce renovation needs
- Convenient access to military bases and airport supports consistent rental demand
Key Findings
- 3 beds / 2 baths, 1,265 sqft, built in 1982
- Lot size ~8,108 sqft (≈0.19 acre) with fenced yard and sundeck
- List price $365,000 — implied $289/sqft
- Seller reports newer furnace, water heater, upgraded electric panel, and 220V in garage
- Assumable VA loan noted in seller description (confirm details with lender)
Things to Consider
- Garage presence/size is inferred from listing text; verify in person and in public records
- Exact school assignments and district boundaries should be verified (attendance boundaries can be ambiguous in 80916)
- No formal recent appraisal or public sale comps included — recommended to run a comps analysis prior to contract
Opportunity Analysis
Buyers seeking move-in-ready single-family homes near military employers will find this updated tri-level attractive. Small value-add opportunities include minor kitchen finishing and cosmetic personalization; the assumable VA loan and recent mechanical upgrades reduce near-term ownership costs which may provide yield stability for owner-occupiers or investors.
Potential Use Scenarios
- Owner-occupant buyer: secure VA loan assumability details and move quickly if financing benefit exists
- Investor: consider limited cosmetic upgrades and stabilize rent; market likely supports 1.0–1.1% rent-to-price with competitive rents in the area
- Buyer negotiator: request inspection and documentation for electrical panel and furnace upgrades, and confirm garage/existing improvements
Risk Factors
- Unverified systems and improvements — require inspection
- Possible limited resale premium if market softens regionally
- School boundary uncertainty for buyers prioritizing specific schools
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$345K
Midpoint
$365K
High
$385K
$288.7/SF estimated price per square foot
Estimate anchored to public list price of $365,000 and the scraped property attributes (1,265 SF, 3 bed/2 bath, 0.186 ac). Range reflects local market movement in southeast Colorado Springs through early 2026 and typical adjustments for recent mechanical and cosmetic upgrades.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Colorado Springs continues to attract new residents because of military employers and comparatively affordable housing relative to Denver. Southeast pockets are stable for single-family demand.
Nearby Points of Interest
- Pueblo Rd / Fountain area shopping (≈2-3 mi)
- Nearby military installations: Fort Carson & Peterson Space Force Base (≈10-15 min drive)
Convenient to military bases and the Colorado Springs Airport, neighborhood grocery and service retail within a short drive, local parks and walking routes nearby. Good commuter access to central Colorado Springs and I-25 via arterial roads.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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