NOT LISTED FOR SALE

1050 Magic Lamp Way Unit 2 Monument, CO 80132

Estimated Value: $272,000 - $295,000

2 Beds
1.5 Baths
1,058 Sq Ft
$367/mo HOA Fee

Last Sold August 25, 2023

Last sale price $280,000 $265 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,983/month

3 Days on Market

Highlights

  • Living Room with Fireplace
  • Vaulted Ceiling
  • Baseboard Heating
  • Bear Creek Elementary School Rated A
  • 1-Story Property
  • Vinyl Flooring

About This Home

As of August 2023

This 2bd/1.5ba condo in Monument, CO is 1,058 SF and features an open layout with vaulted ceilings and fireplace in the living room. New vinyl flooring was installed throughout the condo. Washer/Dryer connections located in laundry closet inside the full bathroom. Condo unit includes 2 assigned/reserved parking spaces. Great location in close proximity to nearby parks, schools, and easy access to I-25.

Last Listed By

Zack Jenkins

Kentwood Commercial, Llc License #100096444 Listed on: 08/01/2023

Kentwood Commercial, Llc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $857

Year Built

  • Built in 1980

Lot Details

  • 436

HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,058 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Vinyl Flooring

Kitchen

  • Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Home Security

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Exclusions: Any Seller personal property
  • Property held in a trust
  • Assessor Parcel Number 71242-02-039

Community Details

Overview

  • Association fees include exterior maintenance w/out roof, insurance, ground maintenance, maintenance structure, snow removal, trash
  • Country Ridge Estates Association, Phone Number (719) 758-9111
  • Woodmoor Improvement Association, Phone Number (719) 488-2693
  • Low-Rise Condominium
  • Country Ridge Estates Subdivision

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$857

Year Built

Built in 1980

Lot Details

0

HOA Fees

$367 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low Rise (1-3)
  • Levels: One
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 1058
  • Exclusions: Any Seller personal property
  • Living Area: 1058
  • SubdivisionName: Country Ridge Estates
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Oven, Refrigerator
  • Interior Amenities: Vaulted Ceiling(s)
  • Flooring: Vinyl
  • Fireplace Features: Living Room
  • Full Bathrooms: 1
  • Basement: No
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance w/out Roof, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
  • Association Name: Country Ridge Estates
  • Association Fee Frequency: Monthly
  • Association Fee: 343
  • Association #2 Fee: 283
  • Association #2 Fee Frequency: Annually
  • Association: Woodmoor Improvement Association
  • Phone: 719-758-9111
  • Association Phone #2: 719-488-2693
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 283.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 4116.00
  • REC_AssociationFeeTotalAnnual: 4399.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_MultipleAssociationsYN: 1
  • REC_AssociationManagementType2: Professionally Managed

Schools

  • Middle Or Junior School: Lewis-Palmer

Lot Info

  • Parcel Number: 71242-02-039
  • Building Area Total: 1058

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 857

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Aug 25, 2023
Sold by
Country Ridge Estates Rentals Llc
Bought by
Ridout Savannah M
Seller's Agent
Zack Jenkins
Kentwood Commercial, Llc
Buyer's Agent
Mary Campbell
The Platinum Group
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Total Days on Market
3
Views
24
Current Estimated Value
$281,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,748
Avg. Annual Appreciation
1.71%
Original Mortgage
$266,750
Outstanding Balance
$262,337
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$25,843

Purchase Details

Closed on
Jun 20, 2018
Sold by
Magic Lamp Townhouse Llc
Bought by
Country Ridge Estates Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,250
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 10, 2007
Sold by
Hughes Sandra Sanchez
Bought by
Magic Lamp Townhouses Llc

Purchase Details

Closed on
Jun 14, 2002
Sold by
Rieple Roberta M
Bought by
Hughes Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,624
Interest Rate
6.82%

Purchase Details

Closed on
Nov 30, 1999
Sold by
Rieple Daniel G and Rieple Roberta M
Bought by
Rieple Roberta M

Purchase Details

Closed on
Jun 11, 1999
Sold by
Bacalis Paul N and Bacalis Perry L
Bought by
Rieple Daniel G and Rieple Roberta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,750
Interest Rate
6.92%

Purchase Details

Closed on
Aug 1, 1989
Bought by
Magic Lamp Townhouses Llc

Purchase Details

Closed on
Jul 1, 1988
Bought by
Magic Lamp Townhouses Llc

Range of Values:

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Average Value
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List Price
Sold Price
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Similar Home in Monument, CO

  • 1140 Magic Lamp Way Unit C, Monument, CO 80132

    $285,000

    • 2 Beds
    • 1 Bath
    • 1,058 Sq Ft
    • 1140 Magic Lamp Way
    • Unit C
    • Monument, CO

    Welcome to this beautifully updated second-story condo nestled in the scenic town of Monument. Featuring 2 spacious bedrooms, 1 full bath, and fresh new carpet and paint throughout, this home is move-in ready and full of charm.The open-concept living room boasts vaulted ceilings and a cozy fireplace, creating a warm and inviting space. A breakfast bar option off the dining area adds convenience

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    Section Image
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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
Ridout Savannah M $280,000 Land Title Guarantee Company
Country Ridge Estates Rentals Llc $777,000 Fntg Ncs Colorado
Magic Lamp Townhouses Llc -- None Available
Hughes Charles $82,500 Stewart Title
Rieple Roberta M -- --
Rieple Daniel G $68,000 North American Title Co
Magic Lamp Townhouses Llc -- --
Magic Lamp Townhouses Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ridout Savannah M $266,750
Closed Ridout Savannah M $10,670
Previous Owner Country Ridge Estates Rentals Llc $110,250
Previous Owner Hughes Charles $20,258
Previous Owner Hughes Charles $65,624
Previous Owner Rieple Daniel G $49,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $280,000 +1.8% $265 / Sq Ft
08/05/2023 08/05/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $275,000 -- $260 / 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 $644 $15,440 $3,350 $12,090
2022 $857 $12,670 $2,640 $10,030
2021 $887 $13,040 $2,720 $10,320
2020 $788 $11,100 $1,720 $9,380
2019 $784 $11,100 $1,720 $9,380
2018 $651 $8,740 $1,300 $7,440
2017 $651 $8,740 $1,300 $7,440
2016 $544 $7,800 $1,270 $6,530
2015 $544 $7,800 $1,270 $6,530
2014 $622 $8,520 $1,270 $7,250
Source: Public Records

Agents Affiliated with this Home

  • Zack Jenkins

    Seller's Agent in 2023

    Zack Jenkins

    Kentwood Real Estate

    (770) 241-9982

    5 in this area

    19 Total Sales

    Zack Jenkins
    Section Image

  • M

    Buyer's Agent in 2023

    Mary Campbell

    The Platinum Group

    (719) 536-4444

    4 in this area

    34 Total Sales

    Mary Campbell
    Section Image
See All Agents

Map

Source: REcolorado®

MLS Number: 4422299

REcolorado®

APN: 71242-02-039

Colorado El Paso County Monument 80132

1050 Magic Lamp Way Unit 2, Monument, CO

Homes for Sale in Monument, CO

This home is located at 1050 Magic Lamp Way Unit 2, Monument, CO 80132 since 01 August 2023 and is currently estimated at $281,748, approximately $266 per square foot. This property was built in 1980. 1050 Magic Lamp Way Unit 2 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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