NOT LISTED FOR SALE

1010 Magic Lamp Way Unit B Monument, CO 80132

Estimated Value: $241,000 - $300,000

2 Beds
2 Baths
1,170 Sq Ft
$284/mo HOA Fee

Last Sold November 24, 2021

Last sale price $250,000 $214 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,883/month

3 Days on Market

About This Home

As of November 2021

2 Bedroom/ 2 Bathroom condo located in desirable Country Ridge Estates. The upper floor features a large living room with Hardwood floors and electric fireplace, kitchen, and bathroom. The main level features both the master bedroom/bathroom and the second bedroom. All kitchen appliances and washer/dryer are included in the purchase price. Great location with nearby parks, schools, and easy access to I-25.

Last Agent to Sell the Property

Kyle Malnati

Kentwood Real Estate DTC, LLC License #40042617 Listed on: 10/15/2021

Kentwood Real Estate DTC, LLC

Co-Listed By

Sam Bretz

Capstone Apartment Partners, LLC License #100081587

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $824

Year Built

  • Built in 1996

Lot Details

  • 436

HOA Fees

  • $284 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Bear Creek Elementary School
  • Lewis-Palmer Middle School
  • Lewis-Palmer High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Association fees include insurance, ground maintenance, maintenance structure, snow removal, trash
  • Country Ridge Estates Association, Phone Number (719) 578-9111
  • Low-Rise Condominium
  • Country Ridge Estates Subdivision

Listing and Financial Details

  • Exclusions: All Owner/Tenant personal property
  • Assessor Parcel Number 71242-02-054

Property Details

Home Type

Condominium

Est. Annual Taxes

$824

Year Built

Built in 1996

Lot Details

0

HOA Fees

$284 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low Rise (1-3)
  • Levels: Three Or More
  • Year Built: 1996
  • Above Grade Finished Sq Ft: 1170
  • Exclusions: All Owner/Tenant personal property
  • Living Area: 1170
  • Directions: I-25 South to Exit 161 (SH-105), turn right onto SH-105 toward Woodmoor Drive, 1/2 mile turn right onto Jackson Creek Parkway, 1.1 miles turn left onto Higby Road, 0.4 mile turn left onto Bowstring Road, turn right onto Magic Lamp Way
  • SubdivisionName: Country Ridge Estates
  • Co List Office Mls Id: RECCAL16
  • Co List Office Phone: 303-482-2828
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_BelowGradeUnfinishedArea: 577.00
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 1
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 1.11111
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Exterior Features

  • Roof: Unknown
  • Construction Materials: Frame
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
  • Association Name: Country Ridge Estates
  • Association Fee Frequency: Monthly
  • Association Fee: 284
  • Phone: 719-578-9111
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 3408.00
  • REC_AssociationFeeTotalAnnual: 3408.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Lewis-Palmer

Lot Info

  • Parcel Number: 71242-02-054
  • Building Area Total: 1747

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 824

MLS Schools

  • Elementary School: Bear Creek
  • High School: Lewis-Palmer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 24, 2021
Sold by
German Ricky Lee and German Ryan Lee
Bought by
Rlgm Investments Llc
Seller's Agent
Kyle Malnati
Kentwood Real Estate DTC, LLC
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$225,000
Sold Price
$250,000
Premium/Discount to List
$25,000
11.11%
Current Estimated Value
$275,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,600
Avg. Annual Appreciation
2.75%
Original Mortgage
$187,500
Outstanding Balance
$174,086
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$101,514

Purchase Details

Closed on
Jun 20, 2018
Sold by
Hughes Sandra Sanchez
Bought by
Ridge Estates Rentals E Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,250
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rlgm Investments Llc -- Land Title Guarantee Company
German Ricky Lee $250,000 Land Title Guarantee Company
Ridge Estates Rentals E Llc $994,500 Fntg Ncs Colorado
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open German Ricky Lee $187,500
Previous Owner Ridge Estates Rentals E Llc $134,250
Previous Owner Hughes Charles $68,700
Previous Owner Hughes Charles E $69,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $250,000 +11.1% $214 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $225,000 -- $192 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $837 $18,360 $3,350 $15,010
2022 $959 $14,170 $2,640 $11,530
2021 $993 $14,590 $2,720 $11,870
2020 $824 $11,610 $1,720 $9,890
2019 $820 $11,610 $1,720 $9,890
2018 $681 $9,140 $1,300 $7,840
2017 $681 $9,140 $1,300 $7,840
2016 $615 $8,810 $1,270 $7,540
2015 $614 $8,810 $1,270 $7,540
2014 -- $9,640 $1,270 $8,370
Source: Public Records

Agents Affiliated with this Home

  • Kyle Malnati

    Seller's Agent in 2021

    Kyle Malnati

    Kentwood Real Estate

    (303) 358-4250

    4 in this area

    130 Total Sales

    Kyle Malnati
    Section Image
  • Sam Bretz

    Seller Co-Listing Agent in 2021

    Sam Bretz

    Capstone Apartment Partners, LLC

    (303) 594-3252

    Section Image

  • O

    Buyer's Agent in 2021

    Other MLS Non-REcolorado

    NON MLS PARTICIPANT

See All Agents

Map

Source: REcolorado®

MLS Number: 8609777

REcolorado®

APN: 71242-02-054

Colorado El Paso County Monument 80132

1010 Magic Lamp Way Unit B, Monument, CO

This home is located at 1010 Magic Lamp Way Unit B, Monument, CO 80132 since 15 October 2021 and is currently estimated at $275,600, approximately $235 per square foot. This property was built in 1996. 1010 Magic Lamp Way Unit B is a home located in El Paso County with nearby schools including Bear Creek Elementary School, Lewis-Palmer Middle School, and Lewis-Palmer High School.

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