1232 N Institute St Colorado Springs, CO 80903

Patty Jewett Neighborhood

Estimated Value: $517,000 - $579,000

4 Beds
2 Baths
1,842 Sq Ft
$290/Sq Ft Est. Value

Last Sold March 18, 2023

Current estimated payment $2,984/month

8 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Covered Patio or Porch
  • Ranch Style House
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of March 2023

Absolutely CHARMING Updated 1940's Built Downtown Home On A Nice Sized Lot Awaits You! Your new home is perfectly situated to walk to Downtown Colorado Springs, Shooks Run, Memorial Hospital, Olympic Training Center, coffee houses, eateries, cultural events, schools, parks and so much more! Located on the corner of N. Institute and San Miguel, you'll enjoy the full fenced yard with an wonderful 2019 12x17 covered rear patio. Step inside to an open layout with a large sunny living room with coved ceiling, arched opening, hardwood floors on main level, fresh paint, a built-in bookcase and original phone nook. The dining room area also has an original glass fronted built-in with drawers. The updated kitchen has a breakfast bar, ample cabinetry, corner window, gas stove/oven and stainless steel refrigerator. Nice size main level master bedroom with hardwood floors. The second main level bedroom has French doors leading out to the rear covered patio deck. Tastefully updated full main level bathroom and lots of extra storage in the hallway. You'll enjoy a large family room with fresh paint and an original built-in bookcase. Two more bedrooms in the basement with one having an egress window that lets in lots of light and the other one has wanescoting on the ceiling and an attached walk-in closet. Step out onto the covered rear deck with a sunshades to enjoy morning coffee or barbeques in the evening. Vinyl windows, updated electrical panel, updated 2022 plumbing, new sewer line, 2019 water heater and so much more.

Last Agent to Sell the Property

Mimi Bowden

Bowden Properties LLC Listed on: 02/02/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1946

Lot Details

  • 7,501 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • 1,842 Sq Ft Home
  • Ranch Style House
  • Shingle Roof
  • Aluminum Siding
  • Stucco

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Location

  • Property is near a park
  • Property near a hospital
  • Property is near schools

Schools

  • Palmer High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts in Kitchen

Additional Features

  • Remote Devices
  • Covered Patio or Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,761

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Total Bathrooms: 2
  • LaundryFacilites: Basement
  • Property Attached Yn: No
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Sq Ft MainFloor: 921
  • Fill Sq Ft Total: 1842
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Appliances: 220v in Kitchen, Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator, Washer
  • Basement Percentage Finished: 90
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Type: None
  • Floor Plan: Ranch
  • Flooring: Carpet, Wood
  • Interior Amenities: See Prop Desc Remarks
  • MainFloorBedroomYN: Yes
  • Finished Sq Ft: 1749
  • Sq Ft Total Bsmt: 921

Exterior Features

  • New Construction: Existing Home
  • Fence: All
  • Foundation Details: Full Basement
  • Lot Type: Corner
  • Lot Location: Near Fire Station, Near Hospital, Near Park, Near Schools
  • PatioDesc: Composite, Covered, See Prop Desc Remarks
  • Roof: Composite Shingle
  • Exterior Construction: Alum/Vinyl/Steel, Stucco
  • Structure: Other

Garage/Parking

  • Number Of Garage Remotes: 1
  • Garage Spaces: 1
  • Garage Type: Detached

Utilities

  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Utilities: Electricity, Natural Gas
  • Hot Water: Municipal

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Schools

  • School District: Colorado Springs 11
  • High School: Palmer
  • High School: Palmer
  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1722
  • Lot Size: 7500.0000

Tax Info

  • Flip Tax Amount: 1760.79
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2023
Sold by
Nelson Patrick Thomas
Bought by
Azar Ashley N
Current Estimated Value
$534,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,270
Outstanding Balance
$300,190
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$244,071

Purchase Details

Closed on
Dec 14, 2020
Sold by
Nelson Patrick T and Nelson Patrick Thomas
Bought by
Nelson Patrick Thomas and Nelson Marta Sterner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2014
Sold by
Wendell Terry
Bought by
Nelson Patrick T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2012
Sold by
Pellizzari Nancy J
Bought by
Wendell Terry

Purchase Details

Closed on
Jun 22, 2006
Sold by
Quass Ami
Bought by
Pellizzari Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
6.56%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 2006
Sold by
Fulcher Donald William
Bought by
Quass Ami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 1982
Bought by
Nelson Patrick T
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Azar Ashley N $510,000 Stewart Title
Nelson Patrick Thomas -- Priority Title & Escrow
Nelson Patrick T $200,000 Stewart Title
Wendell Terry $204,900 Empire Title Co Springs Llc
Pellizzari Nancy J $224,500 Security Title
Quass Ami $178,000 Land Title Guarantee Company
Nelson Patrick T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azar Ashley N $309,270
Previous Owner Nelson Patrick Thomas $275,000
Previous Owner Nelson Patrick T $190,000
Previous Owner Pellizzari Nancy J $169,500
Previous Owner Quass Ami $142,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2023 03/18/23 Sold -- -- --
03/03/2023 03/03/23 Off Market $515,000 -- --
02/10/2023 02/10/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $515,000 -- $280 / Sq Ft
Source: Pikes Peak REALTOR® Services

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
2025 $1,779 $31,790 -- --
2024 $1,661 $36,460 $5,030 $31,430
2022 $1,623 $29,010 $4,170 $24,840
2021 $1,761 $29,840 $4,290 $25,550
2020 $1,724 $25,400 $3,580 $21,820
2019 $1,715 $25,400 $3,580 $21,820
2018 $1,630 $22,210 $2,740 $19,470
2017 $1,543 $22,210 $2,740 $19,470
2016 $1,216 $20,980 $2,440 $18,540
2015 $1,212 $20,980 $2,440 $18,540
2014 $1,191 $19,800 $2,440 $17,360
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mimi Bowden

    Bowden Properties LLC

    (719) 331-1920

    16 in this area

    78 Total Sales

    Mimi Bowden
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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 7876076

Pikes Peak REALTOR® Services

APN: 64082-11-001

Colorado El Paso County Colorado Springs 80903 Patty Jewett

1232 N Institute St, Colorado Springs, CO

This home is located at 1232 N Institute St, Colorado Springs, CO 80903 since 02 February 2023 and is currently estimated at $534,921, approximately $290 per square foot. This property was built in 1946. 1232 N Institute St is a home located in El Paso County with nearby schools including Taylor Elementary School, North Middle School, and William J. Palmer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pikes Peak REALTOR® Services IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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