Wake up to sunrise views over Lake Woodmoor and the pines of Black Forest with this one-level townhome in Monument, CO, priced at just $300,000 and sold strictly as‑is. With an estimated after‑improvement value around $400,000, this is a compelling opportunity for investors or handy buyers looking to add value in an incredible setting.
Key Investment Highlights:
Purchase price: $300,000; estimated potential value after updates around $400,000 (approx. $100K upside depending on scope of work and finishes).
1 bed, 1 bath, 1,064 sq ft, all on one level – simple, efficient footprint that’s easy to update.
Strong lifestyle draw: unobstructed lake views, direct access to nature, and wildlife right outside the windows.
Located in Lake Woodmoor Townhomes with access to 208 acres of common area and a quiet, wooded, cul‑de‑sac setting that supports long‑term demand.
Oversized detached 2‑car garage, a rare amenity for a 1‑bed unit and a major resale and rental plus.
HOA structure includes an annual fee of $309 and a monthly fee of $405, supporting exterior and community maintenance that helps protect long‑term value.
Property Snapshot:
Address: 1785 Woodmoor Dr, Monument, CO 80132
Type: Ranch‑style townhome, end unit
Beds / Baths: 1 bed, 1 bath
Living area: 1,064 sq ft
Lot size: approx. 2,909 sq ft
Parking: Oversized detached 2‑car garage, with garage door opener
Year built: 1969
Heating: Baseboard hot water
Cooling: None (flexibility to add mini‑split or other solution during renovation)
Appliances included: Stainless steel range, refrigerator, dishwasher, microwave, plus washer and dryer on main level
Community features: Lake access, hiking trail, landscaped grounds, near parks, schools, and shopping
Taxes (2024): $939 annually, with tax‑assessed value of $19,900 on the land component per public records.
Why This Works for Investors
This property is being sold as‑is, and the current pricing already reflects the need for cosmetic and/or systems updates, creating a ready‑made value‑add scenario. The one‑level layout, modest size, and existing mechanical setup make it a straightforward renovation compared to larger, more complex projects.
Between the lake view, oversized garage, and access to 208 acres of common space, finished product positioning could target downsizers, weekend lake‑home users, or long‑term renters who value quiet, nature‑oriented living. Monument’s proximity to Colorado Springs and I‑25 also supports both owner‑occupant and rental demand.
Ideal Strategies to Consider (for your investor audience):
Light‑to‑moderate renovation and resale targeting an ARV in the ~$400K range, depending on scope and finish level.
Furnished executive or mid‑term rental appealing to tenants who value views, garage parking, and easy access to nearby employment centers.
Long‑term hold with steady appreciation potential supported by the lakefront lifestyle and limited supply of similar one‑level townhomes.
As‑Is Disclosure Note:
The home is full of character and ready for your vision; it will require updates and is offered strictly as‑is, with pricing reflective of the work needed.
If you’d like full details, renovation ideas, or to schedule a private showing of this investor special, contact:
Tammy Petit Loveland
Broker/Owner, The Meridian Group Real Estate – Castle Rock, CO
[email protected]
(720) 331-2355
meridiangrouprealestate.com
