Condos for Sale in Colorado Springs

Commonly Asked Questions about Condos

There is always some confusion on the difference between a townhouse vs a condo. If you are in the market for buying a condo, here is some helpful information that may help you make the decision on whether to buy a condo vs a house.

What is a Condo?

A concept of real estate ownership. Buying a "Condo" means you own.

  • The airspace within a single unit of a multi-unit dwelling.
  • An equal share amongst all unit owners of common elements. For example; land and amenities in the complex (pool, recreation center, greenbelts, etc..)

What's the Difference of a Townhouse vs Condo?

A condominium, is actually a form of ownership, while “townhouse” is a description of a type of dwelling. "Townhouses" are generally attached real estate of 2 or more stories with common walls. A person may have “condominium ownership” of a townhouse, or they may have absolute ownership, like a single-family home.

What is a Condo Association?

When you’ve purchased a condo, townhome or other type of property in a planned development, you are required to join that community’s homeowners’ association (HOA) and pay monthly or annual HOA fees for the upkeep of common areas and or building. It’s recommended to review their rules before purchasing and to find information about the fees.

Comparison between Condos and Townhomes

Condo Ownership

You own the air space inside of your unit and an equal share amongst all unit owners of common elements. i.e. land and amenities in the complex (pool, recreation center, greenbelts, etc..)

Ownership

Townhome Ownership

The owner actually owns the home not just the airspace. Any yard, deck, garage or part of the property is owned. Unlike condo ownership, the common elements are not owned.

Condo Amenities

Condos have amenities that are common to all units in the building. Gyms, pools, common areas and party facilities are all possibilities. 

Amenities

Townhome Amenities

Townhomes tend to not have as many amenities as condos. Walking paths, common areas and exercise areas are all possibilities.

Condo Architecture

Condos in Colorado Springs take on more of an apartment structure with units in a larger building on multiple floors.

Architecture

Townhome Architechture

Townhomes in Colorado Springs tend to be 2 story units with the bedrooms on the upper level and the living areas on the lower level.

Condo HOAs

For Condos, prepare to spend approximately $300/mo in condo association fees. These fees pay for amenities and services. Items like trash and water can be included in this fee.

HOA Associations

Townhome HOAs

Townhomes usually have an HOA fee, but often less than Condos. Prepare to spend approximately $200/mo in HOA fees to cover maintenance and amenities.

Condo Maintenance

Maintenance on condos generally covers everything on the exterior including a leaky roof, decking, landscaping and maintenance of amenities.

Maintenance

Townhome Maintenance

Townhomes maintenance covers exterior maintenance like landscaping, decks and common areas like parking lots and common facilities.

Colorado Springs Condos for Sale

Townhomes and Condos are scattered around certain areas of Colorado Springs. Downtown Colorado Springs, Gold Hill Mesa, Kissing Camels and Monument are popular areas for condos and townhomes. Just recently, there have been many new condos and townhomes built in the Powers and Briargate area. These condos have just been listed in the last 14 days.

20 Listings
1
$475,000
2 Bed, 2 Bath, 1,310 Sq. Feet, 0 Acres
11-Colorado Springs
2
$309,900
2 Bed, 2 Bath, 1,399 Sq. Feet, 0.01 Acres
11-Colorado Springs
3
$255,000
3 Bed, 2 Bath, 1,556 Sq. Feet, 0.02 Acres
11-Colorado Springs
4
$227,500
2 Bed, 3 Bath, 1,284 Sq. Feet, 0.11 Acres
2-Harrison
5
$215,000
2 Bed, 2 Bath, 1,111 Sq. Feet, 0 Acres
11-Colorado Springs
6
$210,000
4 Bed, 3 Bath, 2,341 Sq. Feet, 0.02 Acres
2-Harrison
7
$195,000
2 Bed, 2 Bath, 980 Sq. Feet, 0.01 Acres
11-Colorado Springs
8
$195,000
2 Bed, 2 Bath, 1,105 Sq. Feet, 0.01 Acres
11-Colorado Springs
9
$185,000
3 Bed, 3 Bath, 1,527 Sq. Feet, 0 Acres
2-Harrison
10
$169,900
2 Bed, 2 Bath, 1,294 Sq. Feet, 0.02 Acres
2-Harrison
11
$168,500
2 Bed, 2 Bath, 1,100 Sq. Feet, 0.01 Acres
11-Colorado Springs
12
$160,000
3 Bed, 2 Bath, 1,989 Sq. Feet, 0.04 Acres
11-Colorado Springs