Property listing for 5431 Wells Fargo Dr, Colorado Springs, CO 80918
ActiveSingle Family Home

$655,000

5431 Wells Fargo Dr, Colorado Springs, CO 80918

Expansive 5-Bed Ranch with Finished Walk-Out Basement & Decks

5 Bed · 3 Bath · 3,732 Sq Ft

Main-level living, finished basement, community pool & courts — 3,732 SF on an 8,374 SF lot

5

Beds

3

Baths

3,732

Sq Ft

1998

Built

0.19 acres

Lot

3-car attached (per listing description)

Garage

About 5431 Wells Fargo Dr

Rare single-level ranch with a substantial finished walk-out basement — this 5-bedroom, 3-bath home at 5431 Wells Fargo Dr delivers comfortable everyday living with flexible spaces for work, play and entertaining. The main floor centers on a generous family room with a gas-log fireplace and vaulted ceilings that open to a bright kitchen featuring granite counters, a pantry and an eating nook with access to the side deck. A formal living and dining area provide elevated entertaining space while hardwood flooring anchors the entry, kitchen and nook.

The primary suite is thoughtfully arranged on the main level and includes a walk-in closet and a 5-piece bath with soaking tub. Two additional main-level bedrooms, a full bath and the convenient laundry/mudroom — outfitted with a utility sink and storage cabinetry — complete the main floor footprint. Step outside to expanded wood decking (off the family room and kitchen) where you can host summer barbecues or unwind while overseeing the landscaped backyard and sprinkler system.

The full walk-out basement significantly increases the home’s utility: two large bedrooms (one with walk-in closet), a roomy 3/4 bath with dual vanity, a wet bar area adjacent to a recreation room, and a dedicated media space with built-in surround sound and shelving for storage or display. The basement layout supports multi-generational living, a home theater setup, or a separate recreation suite for teenagers.

Practical systems and comfort features include central air conditioning, a humidifier, built-in shelving and an attached garage (three-car capacity noted in the listing). Located in Dakota Ridge within the Norwood Recreation Association, this property also conveys lifestyle benefits — community pool, pickleball courts, tennis and volleyball courts and neighboring walking/biking paths at Judge Lunt Park. This is a turn-key opportunity for families and buyers who value main-level convenience plus abundant finished space beneath.

Home Highlights

Main-level primary suite with 5-piece bathFinished walk-out basement with media and wet barExpansive decking off both levelsNorwood Recreation Association amenities includedLarge attached 3-car garage and landscaped lot

Property Features

Interior Features

  • 5 bedrooms, 3 baths (main-level primary with 5pc ensuite)
  • Total ~3,732 sq ft finished living space
  • Gourmet kitchen with granite countertops and pantry
  • Hardwood floors in entry, kitchen and eating nook
  • Vaulted ceilings and gas-log fireplace in family room
  • Main-level laundry/mudroom with utility sink
  • Walk-out basement with wet bar, media room, built-in surround sound

Exterior & Lot

  • 8,374 sq ft lot with landscaped yard and auto-sprinkler system
  • Expanded wood decking off main and lower levels
  • Attached 3-car garage (as listed)
  • Private backyard and outdoor living options for four seasons

Location & Neighborhood

  • Dakota Ridge neighborhood within Norwood Recreation Association
  • Community amenities: seasonal pool, pickleball courts, tennis, volleyball
  • Nearby Judge Lunt Park and walking/biking trails
  • Convenient driving access to regional arterials and shopping corridors

Walkability & Recreation

  • Walkability Rating: 43/100
  • Short walks to neighborhood parks and community recreation facilities
  • Easy bike and trail access for everyday recreation

Neighborhood & Location

Dakota Ridge is a suburban, family-oriented neighborhood characterized by mature landscaping, single-family ranch and two-story homes, community open space, and neighborhood parks. The Norwood Recreation Association provides organized recreation amenities (pool, courts), and local trails/parks such as Judge Lunt Park offer everyday access to outdoor activity. The area appeals to buyers who want suburban quiet with reasonable driving commutes to regional employers.

Market Insights

Colorado Springs' suburban neighborhoods continue to attract buyers seeking space and lifestyle amenities. Early 2026 market indicators show relatively low inventory and steady buyer demand in many established subdivisions, meaning well-priced, move-in-ready single-family homes draw significant interest. The Dakota Ridge / Norwood area benefits from community recreation assets and proximity to regional employment nodes, which supports demand for larger single-family plans. At a list price of $655,000 (≈$176/sf), this property competes favorably with similar offerings when accounting for the walk-out finished basement and three-car garage. Expect active buyer engagement; however, confirm recent closed comps to refine negotiation strategy and timing.

Nearby Schools

Pine Creek Elementary (estimate)

Elementary · 2.5 mi

7/10

Horizon Middle (estimate)

Middle · 4 mi

6/10

Pine Creek High (estimate)

High · 8 mi

7/10

Walkability & Recreation

43
Walkability
72
Recreation

Strong neighborhood recreation with HOA-linked pool and courts plus nearby park and trail access — well-suited for active families.

Investment Highlights

  • Large ranch plan with main-level primary suite and vaulted ceilings
  • Finished walk-out basement with wet bar, media room, and two bedrooms
  • Expansive wood decks off main and lower levels for year-round outdoor living
  • Located in Norwood Recreation Association — access to pool, pickleball, tennis
  • Generous lot (8,374 sq ft) and attached 3-car garage (listing states)

Key Findings

  • Total living area reported at 3,732 sq ft; built in 1998.
  • Five bedrooms and three baths support multigenerational use or rental flexibility.
  • List price: $655,000 with reported $176 / sq ft.
  • Main and lower decks plus walk-out basement increase usable living area and resale appeal.
  • Community recreation amenities and nearby park/trails add lifestyle value.

Things to Consider

  • MLS parking metadata did not flag a garage even though the description references a 3-car garage — verify physical garage and its condition.
  • Exact school assignments and district should be confirmed; the provided school names are estimates.
  • No recent sales comps were pulled programmatically; valuation range should be validated with current closed sales.

Opportunity Analysis

Buyers seeking turnkey single-family living with main-level convenience and a large finished basement will find this property attractive. The combination of private outdoor space, community recreation amenities, and proximity to regional employment centers supports both owner-occupier and long-term hold strategies.

Potential Use Scenarios

  • Target active families and downsizers emphasizing single-level living plus guest space downstairs.
  • If investor: market as high-quality long-term rental; consider minor refresh of finishes to achieve top rents.
  • If seller-side advisory: confirm garage and mechanical systems, stage both main and basement living areas, and highlight community amenities in marketing.

Risk Factors

  • Potential mis-data between scraped fields (parking) and listing description — physical verification required.
  • Market softening or increased nearby inventory could extend days on market for larger homes.
  • Basement finish quality and systems (HVAC, moisture control) should be inspected for major deferred maintenance risks.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$620K

Midpoint

$658K

High

$695K

$175.5/SF estimated price per square foot

65% confidence

Estimate anchored to the provided list price ($655,000) and price-per-sf (reported $176). Range reflects +/- ~6% market variance, adjusted for finished basement, large lot, and main-level living appeal within the Dakota Ridge/Norwood area. No live comps were searched.

As of 2026-03-12

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$460,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+400.0%

Demographics

Population (1 mi)11,000
Median Income (1 mi)$72,000

Suburban family-oriented neighborhood with steady household formation; moderate growth tied to regional employment centers (military bases, aerospace, technology). Estimates are moderate confidence.

Nearby Points of Interest

  • Norwood Recreation Association amenities (on-site)
  • Judge Lunt Park (within neighborhood)

Quiet residential neighborhood with community recreational amenities (pool, tennis/pickleball courts), neighborhood parks and trails, and convenient driving access to local shopping corridors and I-25.

School District

DistrictLikely Academy School District 20 (verify with district boundaries)
ElementaryPine Creek Elementary (approx. 2.5 mi) — 7/10 (estimate)
MiddleFalcon Middle / Horizon Middle (approx. 3-5 mi) — 6/10 (estimate)
HighPine Creek High / Falcon High (approx. 6-10 mi) — 7/10 (estimate)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1998
Constructionwood frame with typical siding/brick accents (assumed)
Stories1
Heatingforced air (assumed)
Coolingcentral air conditioning
Basementfull
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.1924 acres (8,374 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces3

Utilities

Watermunicipal (assumed)
Sewermunicipal (assumed)
Electricpublic utility (assumed)
Gasnatural gas (assumed)

Zoning & Land Use

DescriptionLikely single-family residential zoning permitting detached homes and accessory structures; exact code unknown — verify with city/county planning.
JurisdictionEl Paso County / City of Colorado Springs (subject to local parcel zoning)

Allowed Uses

Single family detached residencesHome accessory uses (sheds, patios) subject to setbacksAccessory dwelling units: check local ordinance
Current Useresidential

Tax & Sale History

Tax Assessment

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