2845 N Institute Street
Colorado Springs, CO 80907
$450,000
Central A/C4 · 1 · 2 🚗 · 1,742 SQFT · Lot 6,943 SQFT · 4 DOM
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Est. Buyer Rebate: $4,750See how it’s calculated
At the $450,000 asking price, assuming a 2.5% buyer-agent commission. Illustration only; actual commission and rebate vary.
For eligible first responders, nurses, active-duty military and teachers. Rebate terms.
Receive 50% of the commission our brokerage receives, reduced as needed so the brokerage retains at least $6,500. The assumed 2.5% rate is an example, not this listing’s offered compensation. Compensation is negotiable and not guaranteed. Lender preapproval and a signed buyer agency agreement are required before showings. Subject to your written agreement, lender approval and closing requirements.
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4 DOM
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About the property
The outdoor living at this fully updated ranch is every bit as impressive as the interior. The covered patio has room for a dining table and a lounge area with a fireplace. Warm overhead lighting and the glow of the fire turn it into a true outdoor living room after dark, so dinner easily turns into a long evening with friends. Inside, the open floor plan with hardwood floors throughout flows from the living room through the dining area and into the new kitchen, featuring stainless steel appliances and a large island with a warm slatted wood accent. The updated bath has a subway-tiled tub surround and a wood vanity. The partially finished basement adds a giant family room with a brick fireplace and shiplap accent wall, plus a bedroom. In the unfinished area, you'll find the laundry, mechanicals and plenty of storage. Outside, there's also a landscaped lawn, raised garden beds, privacy fencing, and a detached two-car garage off the alley that has room for a workshop. The updates aren't just cosmetic, either. Many of the big-ticket items are already handled, with a 2019 roof, a 2022 furnace and central air, and 2023 electrical service. Inside and out, this home is ready for you to make memories.
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Explore neighborhood guides · Colorado Springs area guidePrice information
Current asking price: $450,000. Original asking price: $450,000.
These are reported listing fields, not a complete price history or an appraisal. Comparable-sale evidence is not yet available for an automated value rating.
MLS #5825987 · Listed by The Platinum Group · Susan Carol Chambless CRS · 719-536-4444
Data last refreshed 2026-10-22T13:07:08.136Z.