631 Hanging Rock Pl Townhome

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Welcome to 631 Hanging Rock Pl, a thoughtfully designed three-bedroom residence located in a desirable Castle Rock neighborhood. Offering 1,551 square feet of living space across three levels, this home delivers a balanced blend of comfort, style, and everyday functionality.

The main level features an open and inviting layout highlighted by granite countertops, generous cabinet space, and a seamless connection between the kitchen and living area. A cozy electric fireplace anchors the living room, creating a warm and welcoming atmosphere ideal for relaxing or entertaining. A conveniently located half bathroom on the main floor adds to the home’s practical design.

Upstairs, you’ll find three well-sized bedrooms, including a primary suite with a private bath, along with an additional full or three-quarter bathroom serving the secondary bedrooms. The unfinished basement provides excellent downstairs storage and flexible space for organization or future use. A second refrigerator located in the basement is included for added convenience.

The property includes two dedicated parking spaces and is located within the Castle Rock school district. The home is available NOW, with flexible 4–5 month or 14–17 month lease options available.

Ideally situated within three miles of Philip S. Miller Park, Downtown Castle Rock, and Castlewood Canyon State Park, this location offers quick access to scenic trails, recreation, dining, shopping, and everyday conveniences—making it an excellent place to call home in Castle Rock.

Visit our Website [PMIelevation] to view the 360 Degree Virtual Tour and to book a showing time.

3D TOUR COMING SOON

Seeking a(n) 4-5 or 15-17-month lease

UTILITIES PAID BY RESIDENT: Electric, Gas

Application Fee Disclosure – Required by Colorado Law (C.R.S. §38-12-901 et seq.)

PMI Elevation charges a $75 application fee for each applicant age 18 and older. This fee is not a profit center; it reflects only the actual and average costs incurred in processing rental applications, as required under Colorado’s Rental Application Fairness Act. The total allocation of this fee is based on a good-faith calculation of expenses directly related to application processing:

• Labor Costs (Average): $30.42 – Covers the time our staff spends performing the final review of all reports, cross-checking information for accuracy, conducting compliance review, and managing communications with applicants, landlords, and employers. Our team ensures that the screening results are complete, accurate, and properly evaluated before a decision is made.

• Software/Tools Allocation: $16.24 – Reflects the average per-application cost of internal property management systems, secure document handling, compliance software, and workflow tools needed to process and track applications.

• Third-Party Screening (Intellirent): $30.00 – Paid directly to Intellirent for its tenant screening services. Intellirent generates credit, eviction, and background reports and issues verification requests to current landlords and employers. While Intellirent provides the data and preliminary verifications, PMI Elevation staff conduct the ultimate review, confirm accuracy, and integrate results into the decision-making process.

Total Actual Allocation: $76.66

Fee Charged: $75.00 (capped to avoid overcharging)

Uniformity of Fees: All applicants applying for the same property are charged the same $75.00 fee.

Refund Policy: Once an application is submitted, Intellirent immediately initiates the credit, background, and verification process. Because this occurs automatically upon submission, the $30.00 Intellirent fee is always considered used and non-refundable. The remaining $45.00 retained portion may be refundable if any part of our internal review or processing has not yet been performed. PMI Elevation will refund any unused portion of the $45.00 in good faith within 20 calendar days of determination, as required by Colorado law. PMI Elevation also maintains detailed records of how fees are applied for audit and compliance purposes.

Portable Tenant Screening Reports (HB23-1099): Pursuant to Colorado law, PMI Elevation accepts portable tenant screening reports. A portable report must be prepared by a consumer reporting agency at the applicant’s request, completed within the last 30 days, and provided directly to PMI Elevation at no cost to us. If you submit a valid portable screening report meeting these statutory requirements, PMI Elevation will not charge you an application fee. You must notify us at the time of application submission if you intend to provide such a report.

Receipts and Documentation: Applicants will receive a receipt confirming payment of the application fee and may request a copy of this disclosure. PMI Elevation maintains records of fees collected and the associated costs for compliance verification.

Colorado Required Rental Pricing Disclosure

Total Monthly Required Amount: $2,535.

The total monthly required amount for this rental is $2,535. This amount includes base rent and all mandatory, non-optional monthly fees required as a condition of tenancy, excluding government taxes and separately billed utilities.

Base Monthly Rent: $2,500

Mandatory Monthly Fees:

A Resident Benefit Package is required with this rental and is charged at $35.00 per month. This package includes maintenance support, filter delivery service, credit reporting, and additional resident benefits.

Resident liability insurance is required. If the resident does not provide proof of qualifying renter’s insurance, a liability insurance program will be automatically provided at a cost of $11.95 per month. This charge is removed once valid proof of renter’s insurance is submitted.

Utilities and Services

Utilities are billed based on actual usage and are paid directly to the applicable utility providers. Utility costs vary based on consumption and provider rates and are not included in the total monthly required amount.

Trash service, if applicable, is billed separately based on the waste provider’s rates and is not included in the advertised monthly cost unless expressly stated.

Deposits

A security deposit is required and is equal to one to two times the monthly rent, depending on the applicant's qualifications. The security deposit is refundable, subject to the terms of the lease and Colorado law.

If applicable, a refundable pet deposit of $300.00 is required. The combined total of security and pet deposits will not exceed two times the monthly rent.

An averaged credit score under 675 for all applicants will require a security deposit of 2x the monthly rent. Averaged credit scores under 600 will be declined.

One-Time and Situational Fees

A mandatory lease preparation fee of $100.00 is due upon lease signing.

A non-sufficient funds (NSF) fee of $20.00 applies if a payment is declined or returned by a financial institution.

Late fees may be assessed if rent is not paid in full within the lease-defined grace period. Late fees are limited to $50.00 or 5% of the unpaid rent balance, whichever is greater, and may only be applied to unpaid rent.

Optional Fees

If pets are permitted, pet screening is required at a cost of $25.00 for the first pet and $20.00 for each additional pet.

A monthly pet fee may apply and will be the greater of $35.00 or 1.5% of the total monthly rent, where applicable.

Payment Processing Fees

Online payments made by debit or credit card may incur a processing fee of up to 4% of the payment amount. A cost-free payment option is always available.

Important Colorado Compliance Disclosures

Common area maintenance costs are included in rent and are not charged separately.
No fees are charged for services required t Read More