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MLS #: 3464633

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2940 Magic Carpet Loop, Colorado Springs

Single Family in 80916

List Price

Was $390,000

$389,999

Beds/Baths: 3/3

Garage: 1.0

Year Built: 2023

Days on Market: 39

Taxes: $382/yr

Insurance: $3,000/yr est.

Listed By: Tina Dewey Homes Realty

Estimated Monthly Cost Breakdown*

Mortgage (7.0% / 30yr) Contact a Lender → $2,594.67

Property Taxes $31.87

Insurance Get Quote → $250.00

Total Est. Monthly* $2,876.55

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Market Context — 80916 (South Powers & Hancock)

Avg Days on Market: 48 ▼ This listing: 39

Avg Close Price: $303,462

Avg CPOLP: 96.5%

Median CPOLP: 98.7%

Active Listings: 118

Closed (30 days): 13

CPOLP = Close Price to Original List Price. Above 100% means sellers are getting more than asking. Based on closed sales in 80916 over the last 30 days.

County Assessor Data

Assessor Market Value: $376,239

Last Sale Price: $10

Last Sale Date: Aug 02, 2023

Lot Size: 0.05 acres

Finished SqFt: 1,360

School District: HARRISON SCHOOL DISTRICT #2

Source: El Paso County Assessor. Parcel 6436213219. Assessor values may differ from market value.

Hail Risk — 80916

Moderate

Events (5 years): 8

Largest Stone: 1.5"

Avg Stone Size: 1.19"

Most Recent: Aug 24, 2025

Source: NOAA Storm Events Database. Hail events in this zip code over the past 5 years. Consider roof age and insurance implications.

Building Permits Permit data is temporarily unavailable. Check back later or verify at pprbd.org.

Price History

$390,000 Listed Jun 22

$389,999 ▼ -$1 / -0.0% Jul 21

Recent Comparable Sales (30 Days)

4770 Newton Drive

3 bed / 2 bath · 150 DOM · Closed Jul 30

Listed: $429,000

$395,000

92.1% CPOLP

4641 Newton Drive

3 bed / 2 bath · 10 DOM · Closed Aug 20

Listed: $369,900

$370,000

100.0% CPOLP

1070 Cana Grove

3 bed / 3 bath · 19 DOM · Closed Jul 30

Listed: $347,000

$350,000

100.9% CPOLP

5270 Nolte Drive

3 bed / 2 bath · 29 DOM · Closed Aug 11

Listed: $354,999

$350,000

98.6% CPOLP

2540 Bellamy Street

5 bed / 2 bath · 3 DOM · Closed Aug 14

Listed: $345,000

$345,000

100.0% CPOLP

Based on closed sales in the last 30 days with similar price range and location.

Click here for full details on PPAR →

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More Homes in 80916

Price Drop — $15,500 off

MLS #: 5224791 More Details →

4376 Neal Court, Colorado Springs

Type: Single Family

Zip: 80916

Beds/Baths: 3/2

Garage: 1.0

List Price: $405,000 $389,500

DOM: 62

Taxes: $1,203/yr

Year Built: 1984

Listed By: Wright & Associates Inc.

List Price $389,500

Est. Monthly Cost* $2,941.60

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Price Drop — $2,000 off

MLS #: 7940511 More Details →

1230 Bayberry Drive, Colorado Springs

Type: Single Family

Zip: 80916

Beds/Baths: 4/2

Garage: 2.0

List Price: $393,500 $391,500

DOM: 43

Taxes: $1,267/yr

Year Built: 1982

Listed By: West and Main Homes

List Price $391,500

Est. Monthly Cost* $2,960.21

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Price Drop — $5,000 off

MLS #: 1467366 More Details →

4471 Samaritan Loop, Colorado Springs

Type: Single Family

Zip: 80916

Beds/Baths: 3/3

Garage: 2.0

List Price: $390,000 $385,000

DOM: 52

Taxes: $3,057/yr

Year Built: 2022

Listed By: Epique Realty

List Price $385,000

Est. Monthly Cost* $3,066.20

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Price Drop — $15,000 off

MLS #: 4423142 More Details →

28 Frost Lane, Colorado Springs

Type: Single Family

Zip: 80916

Beds/Baths: 4/2

Garage: 0

List Price: $400,000 $385,000

DOM: 34

Taxes: $1,258/yr

Year Built: 1971

Listed By: Better Homes and Gardens Real Estate Kenney & Company

List Price $385,000

Est. Monthly Cost* $2,916.29

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The real estate listing information and related content displayed on this site is provided exclusively 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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. Estimated monthly cost assumes 7.0% APR, 30-year fixed, $3,000/yr insurance, and actual taxes. This is not an offer to lend.

2940 Magic Carpet Loop, Colorado Springs

Estimated Monthly Cost Breakdown*

Market Context — 80916 (South Powers & Hancock)

County Assessor Data

Hail Risk — 80916

Price History

Recent Comparable Sales (30 Days)

More Homes in 80916

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