Nova55Living › Colorado Springs › Heritage Park
Colorado Springs, CO · 55+ Age-Restricted · Condominiums
Heritage Park is an established 55+ condo community in Colorado Springs — one of the lower price-point entries in the market. For buyers who want age-restricted community living with minimal exterior maintenance, this fills a gap that The Retreat (new construction $450K+) and Elan ($933K avg) don’t address.
| Item | Details |
|---|---|
| Type | Condominiums, 55+ age-restricted |
| Price Range | Lower end of Colorado Springs 55+ market; confirm current listings |
| HOA | Covers building exterior, common areas; confirm rate |
| Property Tax | El Paso Co ~0.47% effective; condo assessed values generally lower |
| Resale | Resale only; established community |
Condo ownership in Colorado Springs benefits from the same low El Paso County effective tax rate as single-family homes, but assessed values are lower — so the raw tax bill is proportionally smaller. The Senior Homestead Exemption (50% of first $200K actual value at 65+) applies to condos as well as detached homes.