NOT LISTED FOR SALE

125 Cheyenne Blvd Colorado Springs, CO 80905

Ivywild Neighborhood

Estimated Value: $427,000 - $570,000

5 Beds
2 Baths
1,550 Sq Ft
$321/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $643,000 $415 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,730/month

38 Days on Market

About This Home

As of June 2024

RARE TURNKEY DUPLEX IN IVYWILD! Perfect opportunity for a savvy investor or someone looking to house-hack their way to homeownership! Own a meticulously remodeled duplex in the up-and-coming Ivywild neighborhood, steps from North Cheyenne Canyon and Ivywild School. Both units of this duplex feature new clean white cabinetry, granite countertops, stainless steel appliances, fresh paint, and modern flooring. Unit A has 2 bedrooms and 1 bathroom, while Unit B has 3 bedrooms and 1 bathroom. This property comes with a strong proven rental history, new HVAC in 2023, new landscaping, updated electrical, and so much more. You won't want to miss out on this turnkey investment property.

Last Agent to Sell the Property

Jordan Malara

LPT Realty LLC Listed on: 05/16/2024

LPT Realty LLC

Last Buyer's Agent

Jason Arends

Ascent Property Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,484

Year Built

  • Built in 1956

Lot Details

  • 8,394 Sq Ft Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Kitchen

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,484

Year Built

Built in 1956

Lot Details

0

Listing Details

  • LaundryFacilites: None
  • Property Sub Type: Duplex
  • Prop. Type: Income
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Appliances: 220v in Kitchen, Dishwasher, Disposal, Dryer, Microwave Oven, Oven, Range, Refrigerator, Washer

Exterior Features

  • New Construction: Existing
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Frame

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Hot Water: Municipal

Schools

  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1927
  • Lot Size: 8394.0000

Tax Info

  • Flip Tax Amount: 1484.01
  • Tax Year: 2022

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 24, 2024
Sold by
Rzepiennik Luke Andrew and Rzepiennik Alexandra Lynn
Bought by
Weaver Stefan and Han Yeoreum
Seller's Agent
Jordan Malara
LPT Realty LLC
Buyer's Agent
Jason Arends
Ascent Property Brokers, Inc.
List Price
$635,000
Sold Price
$643,000
Premium/Discount to List
$8,000
1.26%
Views
6
Current Estimated Value
$497,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$145,388
Avg. Annual Appreciation
-15.90%
Original Mortgage
$656,824
Outstanding Balance
$648,554
Interest Rate
7.09%
Mortgage Type
VA
Estimated Equity
-$150,942

Purchase Details

Closed on
Nov 18, 2020
Sold by
Wilson Shelly E
Bought by
Rzepiennik Luke Andrew and Rzepiennik Alexandra Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,121
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2020
Sold by
Wilson Timothy
Bought by
Wilson Shelly E

Purchase Details

Closed on
Jun 14, 2002
Sold by
Durham Thomas F and Durham Frances C
Bought by
Wilson Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,607
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 1997
Sold by
Lee Hebert Michael
Bought by
Durham Thomas F and Durham Frances C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 1996
Sold by
Ostling Keith R and Ostling Verna L
Bought by
Hebert Michael Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,673
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 1991
Bought by
Wilson Timothy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Weaver Stefan $643,000 Land Title Guarantee Company
Rzepiennik Luke Andrew $435,000 Empire Title Co Springs Llc
Wilson Shelly E $310,000 Empire Title Co Springs Llc
Wilson Timothy $156,900 Stewart Title
Durham Thomas F $115,000 Stewart Title
Hebert Michael Lee -- --
Wilson Timothy $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Stefan $656,824
Previous Owner Rzepiennik Luke Andrew $427,121
Previous Owner Wilson Timothy $161,607
Previous Owner Durham Thomas F $103,500
Previous Owner Hebert Michael Lee $89,673
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Sold $643,000 +1.3% $415 / Sq Ft
05/23/2024 05/23/24 Off Market $635,000 -- --
05/16/2024 05/16/24 For Sale $635,000 -- $410 / 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 $1,359 $38,940 -- --
2024 $1,246 $28,880 $5,240 $23,640
2022 $1,484 $26,520 $3,890 $22,630
2021 $1,646 $27,890 $4,090 $23,800
2020 $1,229 $18,110 $3,500 $14,610
2019 $1,223 $18,110 $3,500 $14,610
2018 $1,151 $15,690 $2,900 $12,790
2017 $1,090 $15,690 $2,900 $12,790
2016 $807 $13,920 $2,270 $11,650
2015 $804 $13,920 $2,270 $11,650
2014 $790 $13,130 $2,360 $10,770
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jordan Malara

    LPT Realty LLC

    (315) 657-4688

    1 in this area

    25 Total Sales

    Jordan Malara
    Section Image
  • Jason Arends

    Buyer's Agent in 2024

    Jason Arends

    Ascent Property Brokers, Inc.

    (719) 964-0670

    1 in this area

    146 Total Sales

    Jason Arends
    Section Image
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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 7420135

Pikes Peak REALTOR® Services

APN: 64302-15-008

Colorado El Paso County Colorado Springs 80905 Ivywild

125 Cheyenne Blvd, Colorado Springs, CO

Not Listed for Sale

MultiFamily

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