244 Mitchell AvenueMonument, CO 80132

Description

LOCATION • VIEWS • ONE-LEVEL LIVING 3600 TOTAL SQUARE FEET PLUS 784 square feet-2 BED/1BA ADU - INCOME POTENTIAL • MULTI-GENERATIONAL OPTIONS! Welcome to an exceptional opportunity in the heart of Monument, CO—walking distance to Monument Lake, historic downtown Monument, two beautiful parks, summers concerts in one of them, and the hiking/biking trails of Mt. Herman. This versatile 5-bedroom home offers a unique combination of comfort, flexibility, and investment potential. Thoughtfully updated, it features main-level living and a fully finished walkout basement—perfect for multi-generational living or generating rental income. The main level highlights are Luxury Vinyl Plank flooring throughout, a bright living room with shiplap walls and a cozy, modern fireplace. It has an open-concept kitchen, dining, and flex area with vaulted shiplap ceiling. Walk-out to a composite deck, private hot tub, and landscaped backyard—ideal for relaxing or entertaining. In the walkout basement there is a Private entrance, a spacious bedroom with adjacent bathroom (could serve as a second suite). The basement presents multiple living/flex spaces with the private walkout access—perfect for a separate rental unit, guest quarters, or teen retreat. Bonus: Accessory Dwelling Unit: Completed in January 2022, this charming 784 sq ft, 2-bed/1-bath cottage is loaded with potential. It has a full kitchen, dining area, and generous living room with light and bright interior with thoughtful finishes. Just steps to the park with basketball, soccer, playground for the kids and much more. This home is ideal for living in the home and it offers income from areas like the basement and ADU with short, mid, or long-term rentals. All furniture is negotiable making this a turn key home and operation.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1972

Living area

3,557 Sq Ft

Lot size

0.23 acres

MLS^® Listing#

8272193

Property Features

Interior

Breakfast Bar · Vaulted Ceiling(s)

Exterior

Storage

Appliances

Dishwasher · Disposal · Dryer · Oven · Range · Refrigerator · Washer · Microwave

Cooling

Ceiling Fan(s)

Heating

Forced Air · Natural Gas

Flooring

Vinyl · Carpet

Basement

Partial · Walk-Out Access · Partially Finished

Parking

Concrete · Driveway · None

Laundry

In Basement

Fencing

Back Yard

Lot features

Landscaped · Level

Construction

Frame · Steel Siding · Masonite

Roof

Shingle

Other structures

Shed(s)

Utilities

Cable Available · Electricity Connected · Natural Gas Connected · Natural Gas Available

Water source

Public

Rooms

Schools

Elementary

Lewis Palmer

Middle

Lewis Palmer

High

Lewis Palmer

Financial Details

Annual taxes

$3,591Tax year 2024

Parcel number

7122101025