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1258 Ethereal Cir
Colorado Springs, CO

1258 Ethereal Cir

765K
4 bd • 3 ba • 3,827 sf

This analysis was generated by artificial intelligence on 2/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$765,000

Price/Sq.Ft

$200

Year Built

2014

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Gourmet kitchen with double ovens and gas cooktop • Basement rec room with custom-fitted bar from the early 1900s • Mountain views from the main level • Walk-out basement with flagstone patio • Proximity to Garden of the Gods and Old Colorado City enhances desirability • Finished basement with bar and walk-out access adds value for entertaining • Low-maintenance lot appeals to busy homeowners • Rental Potential: $30,336 estimated annual revenue (after renovations)

The Bad

• Update bathroom countertops and fixtures (Estimated Cost: $1,500) • Replace carpet in basement bedrooms (Estimated Cost: $1,000) • Severe flood and fire risk could impact insurance costs and property value • Relatively low school ratings may deter some buyers • Significant price decrease in the last month for the 80904 area • School Concern: Average school ratings may have a neutral to slightly negative impact on property values. • High flood and fire risk may result in significantly higher insurance premiums or difficulty obtaining coverage. Prospective buyers should obtain quotes. • Safety Concern: Score 6.8/10 - Crime rates are slightly above the Colorado Springs average, particularly for property crime.

The Ugly

• The property is located in a severe flood risk area (8/10), which could lead to high insurance costs and potential damage. • The property is also in a severe fire risk area (7/10), which could also lead to high insurance costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $30,336 with 99.9% occupancy rate Value Investors: Projected 7.2% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $2,500 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$60,301

Property History

Price History
Ownership Timeline
$710,000Financed
Apr 29, 2022
Mitchell J Matheys, Mary V MatheysJon E Theys, Elaina D Theys
Warranty Deed
Standard Sale (Purchase/Resales)
$368,765Financed
Jul 28, 2014
Challenger Homes IncMitchell J Matheys, Mary V Matheys
Warranty Deed
New Construction Residential Transactions

Property Taxes

$2,131
2024 Tax Assessment
10.6%from previous year
Assessed Value$45,020
Tax Rate4.73%

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 80904, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$276,750
$270/sqft
47.3%
Change from last month
Your price: $765K (+176%)
Your price/sqft: $200/sqft (-26%)
87
2 sold last month
45.0%
Change from last month
100 days
Average for homes in this area
129.9%
Change from last month
This property: 74 days (-26%)

Sale Price Distribution

Last month
0
Over Asking
homes
0
At Asking
homes
2
Under Asking
homes
Total: 2 homes sold

If you're buying a home in 80904, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Sale Time Distribution

Last month
1
Under 30 Days
homes
0
30-90 Days
homes
Your property
1
Over 90 Days
homes
Total: 2 homes sold

Many homes in 80904 are selling fast, if you're buying plan to act quickly.

Risk Assessment

Climate Risks

floodSEVERE

FEMA Zone: Minimal Risk Area

Insurance: Required

fireMAJOR

Insurance: Required

airMINIMAL

2 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 89°F

windMINIMAL

Insurance: UNKNOWN

Risk Analysis

• Severe flood and fire risk could impact insurance costs and property value • Relatively low school ratings may deter some buyers • Significant price decrease in the last month for the 80904 area • Climate & Insurance: Homeowners should invest in fire-resistant landscaping and consider flood insurance. Costs could range from $5,000-$15,000 depending on the extent of mitigation efforts. • The property is located in a severe flood risk area (8/10), which could lead to high insurance costs and potential damage. • The property is also in a severe fire risk area (7/10), which could also lead to high insurance costs. • Valuation Risk: Property may be overpriced by up to $15,000
Insurance
Annual Cost

$2,754

$230 per month

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Schools

Bristol Elementary School

PublicGrades K-5
6/5
Elementary
1.2 mi
Get more information on GreatSchools

Holmes Middle School

PublicGrades 6-8
6/5
Middle
0.6 mi
Get more information on GreatSchools

Coronado High School

PublicGrades 9-12
3/5
High
1.1 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$2,528

Get a detailed estimate on Zillow®
HOA Fee

$69

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$765,000
Price/sqft
$200
Layout
4 bd3 ba
Days on market
74 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$838,333

8.7%

Your price is 8.7% below average

Median Price

$985,000

22.3%

Based on 6 recent sales

Price per Sq.Ft

$245

18.4%

Your price is 18.4% below average $/sqft

Comparable Properties

410 Mesa Vista Court, Colorado Springs, CO 80904
Price: $650,000
Sq.Ft: 3,809
Beds/Baths: 4/3
$/Sq.Ft:
$17114.6%
Sale Date: 1/2/2025
2020 Paseo Del Oro, Colorado Springs, CO 80904
Price: $795,000
Sq.Ft: 3,536
Beds/Baths: 5/3
$/Sq.Ft:
$22512.5%
Sale Date: 12/5/2024
820 Marlstone Place, Colorado Springs, CO 80904
Price: $600,000
Sq.Ft: 3,302
Beds/Baths: 3/3
$/Sq.Ft:
$1829.1%
Sale Date: 11/22/2024
219 Crown High Court, Colorado Springs, CO 80904
Price: $985,000
Sq.Ft: 3,125
Beds/Baths: 3/3
$/Sq.Ft:
$31557.7%
Sale Date: 11/22/2024
1735 Mesa Road, Colorado Springs, CO 80904
Price: $1,000,000
Sq.Ft: 3,463
Beds/Baths: 4/3
$/Sq.Ft:
$28944.5%
Sale Date: 10/17/2024
1735 Mesa Road, Colorado Springs, CO 80904
Price: $1,000,000
Sq.Ft: 3,463
Beds/Baths: 4/3
$/Sq.Ft:
$28944.5%
Sale Date: 10/15/2024

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