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138 Rainbow Place, Colorado Springs, CO 80906

$540,000
  • 138 Rainbow Place, Colorado Springs, CO 80906 Main Photo

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Active
BEDS4 BATHS2 SQUARE FEET2,208 MLS#5625240
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONCheyenne Valley

Property Description

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!

138 Rainbow Place | MLS# 5625240

This single family home located at 138 Rainbow Place, Colorado Springs, CO 80906 is currently listed for sale with an asking price of $540,000. This property was built in 1955 and has 4 bedrooms with 2208 sq. ft. Rainbow Place is located in the Cheyenne Valley subdivision. Search Cheyenne Valley real estate on tyler.thecuttingedgerealtors.com today.

Property Features

Property Type: Residential - Single Family
Cooling: None
Fenced: Yes
Fireplaces: None
Garage: 2 car attached
Heating: Forced Air, Natural Gas, See Prop Desc Remarks
Lot Size: 0.29 Acres
Roof Type: Composite Shingle
Stories: 1.0
Taxes: $1,611
Year Built: 1955

Feature Descriptions

Appliances: 220v in Kitchen, Dishwasher, Disposal, Dryer, Kitchen Vent Fan, Microwave Oven, Oven, Range, Refrigerator, Washer
Basement/Foundation: Full Basement
Days on Site: 14
Existing Utilities: Cable Available, Electricity Connected, Natural Gas Connected, See Prop Desc Remarks
Exterior: Brick
Fence: Rear
Floor Plan: Ranch
Floors: Ceramic Tile, Wood
Garage Amenities: Garage Door Opener, Other, See Prop Desc Remarks
Garage Type: Attached
Lot: Mountain View, See Prop Desc Remarks
Percentage of Basement Finished: 80
Square Footage: 1104 (Basement), 1104 (Main)
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, See Prop Desc Remarks
View: Mountain
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Galvan and Gardner Real Estate Group, Inc.
Agency Phone: (719) 301-2222

Shown By

Agent Name: Tyler Carr
Agent Phone: (719) 205-6004
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 2,951.65 per month $2,659.90 Principal & Interest $134.25 Property Tax $157.50 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/15/2026. The listing information on this page last changed on 05/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/15/2026 4:19:34 AM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Thu 05/14/2026 11:34:39 PM EST) or elevate MLS (last updated Thu 05/14/2026 12:16:53 PM EST) or Pueblo MLS (last updated Fri 05/15/2026 12:44:08 AM EST). Real estate listings held by brokerage firms other than The Cutting Edge, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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