138 Rainbow Place, Colorado Springs, CO 80906
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by: jennifer messick abr ahwd green gri mrp sres
Office: galvan and gardner real estate group, inc.
MLS#:5625240
Source:CO_PPAR
Price summary
- Price:$540,000
- Price per sq. ft.:$244.57
About this home
Charming ranch home sitting on over a quarter acre lot, lovingly owned by the same family more than 45 yrs. That kind of long term ownership shows in all the right ways. This is a well cared for home that has been maintained with pride over time. Located on a quiet, low traffic loop street just minutes from The Broadmoor Hotel & outdoor escapes including Stratton Open Space & North Cheyenne Canon Park offering both convenience and access to nature. Original hardwood floors are in excellent condition & add warmth, character, and a sense of history you simply cannot replicate today. The living room is bright & inviting with a large picture window that fills the space with natural light. The floor plan flows naturally into the kitchen which features an eat in counter, generous cabinet space & newer appliances. The main level offers main level living with a primary bedroom, two additional bedrooms & full bathroom. Exterior curb appeal stands out with front landscaping, classic brick exterior & decorative shutters that give the home a timeless feel. A covered front porch with a white picket walkway creates a welcoming entry. The two car garage is a rare feature in the neighborhood. The huge backyard is spacious & private with mature lilac trees and plenty of room for gardening, pets, play, or simply enjoying the outdoor space. The basement is more than 80% finished and offers additional endless potential. It includes a fourth non conforming bedroom, family room, spacious laundry/utility area, multiple storage rooms & a full bathroom with a brand new vanity. This space could easily function as a secondary living area or extended living suite. Just waiting for your vision. Homes in this area rarely come to market. This property stands out for its lot size, condition, layout & long term ownership history, all in one of Colorado Springs’ most established & desirable areas. A solid, well loved home in a quiet residential enclave. YOUR POT OF GOLD AT THE END OF THE RAINBOW!...
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Home facts
- Year built:1955
- Listing ID #:5625240
- Added:7 day(s) ago
- Updated:May 07, 2026 at 02:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Ceramic Tile, Wood
- Kitchen Description:220v in Kitchen, Dishwasher, Disposal, Kitchen Vent Fan, Microwave Oven, Oven, Refrigerator
- Basement:Yes
- Basement Description:Full Basement
- Living area:2,208 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composite Shingle
- Year built:1955
- Building area:2,208 sq. ft.
- Lot area:0.29 Acres
- Construction Materials:Brick
- Exterior Features:Concrete, Covered
Schools
- High school:Cheyenne Mountain
- Middle school:Cheyenne Mountain
- Elementary school:Canon
Utilities
- Water:Municipal
Finances and disclosures
- Price:$540,000
- Price per sq. ft.:$244.57
- Tax amount:$1,611 (2024)
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:High Speed Internet Avail., Sump Pump, Window Coverings
Parking
- Parking description:Attached Garage, Concrete Driveway, Garage Door Opener
- Garage:Yes
- Garage spaces:2
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