NOT LISTED FOR SALE

Estimated Value: $502,000 - $666,074

2 Beds
1 Bath
1,354 Sq Ft
$437/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $615,000 $454 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,467/month

32 Days on Market

Highlights

  • Ski Accessible
  • Horses Allowed On Property
  • Estate
  • Discovery Canyon Campus Elementary School Rated A-
  • Spa
  • 5.88 Acre Lot

About This Home

As of November 2021

Opportunity knocks on this beautiful, unincoporated, 6 acre piece of heavily treed land in the heart of black forest, 30 minutes from Parker, 15 from Monument, 15 from Colorado Springs/powers corridor. With 4 additional buildings (34 x 20 sqft; 18 x 12 sq ft; 19 x 19 sq ft and 9 x 7 sq ft) the possibilities are endless. Just two hours from ski resorts, the main log cabin, built in 1919 has newer windows, 2 bedrooms, 1 bathroom, a sunroom, large living room, 4 decks, kitchen and walk in pantry. Stunning log interior and beautiful wood floors gives you that true cabin feel. The property has 2 wells (said to be on the largest acquifer in the area), a septic recently pumped and certified with room for 2 more bedrooms and space at the back to build your dream home. Pprbd says the land is approved for horses (livestock). The other buildings have electricity and fireplaces (conversion had begun in the one building to a studio apartment) and it’s only your imagination standing in your way - rentals ?? Airbnb ??. Property is an estate sale, sold as is where is. In this ever growing town and with imagination and sweat equity this could be a great income producing property. Imagine owning 5.88 acres 10 years from now in the heart of what is becoming one of the fastest growing locations in the Springs. No HOA's either.

Last Agent to Sell the Property

Sallyanne Holmes

Homestead Properties Co License #40027188 Listed on: 09/29/2021

Last Buyer's Agent

PPAR Agent Non-REcolorado

NON MLS PARTICIPANT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1919

Lot Details

  • 5.88 Acre Lot
  • Partially Fenced Property
  • Rock Outcropping
  • Wooded Lot
  • Many Trees
  • Garden
  • Property is zoned RR-5

Home Design

  • Estate
  • Cottage
  • Frame Construction
  • Architectural Shingle Roof
  • Log Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Sun or Florida Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Bedroom in Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • 1 Carport Space
  • Circular Driveway
  • Dirt Driveway

Outdoor Features

  • Spa
  • Deck
  • Front Porch

Schools

  • Discovery Canyon Elementary And Middle School
  • Air Academy High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • No Cooling
  • Floor Furnace
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Exclusions: staging materials
  • Assessor Parcel Number 62040-00-050

Community Details

Overview

  • No Home Owners Association

Recreation

  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,826

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Structure Type: House
  • Levels: One
  • Year Built: 1919
  • Above Grade Finished Sq Ft: 1200
  • Exclusions: staging materials
  • Living Area: 1354
  • Directions: From I-25 - highway 83 going north - cross over OLD northgate rd, round the bend - sign on the left
  • SubdivisionName: unknown
  • Ownership: Estate
  • Property Attached Yn: No
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 1
  • Ratio Close Price By Original Li: 0.89130
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), No Stairs, Pantry, Hot Tub, Vaulted Ceiling(s)
  • Flooring: Tile, Wood
  • Fireplace Features: Living Room, Wood Burning
  • Basement: Partial
  • Basement: Yes
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 154
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Roof: Architecural Shingle
  • Construction Materials: Frame, Log
  • Exterior Features: Garden, Spa/Hot Tub
  • Patio and Porch Features: Deck, Front Porch
  • Road Frontage Type: Public
  • Road Surface Type: Gravel

Garage/Parking

  • Parking Features: Circular Driveway, Driveway-Dirt
  • Attached Garage: No
  • Carport Spaces: 1
  • Total Parking Spaces: 7
  • REC_ParkingCount: 2

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Floor Furnace
  • Water Source: Well
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Discovery Canyon

Lot Info

  • Horses: Yes
  • Parcel Number: 62040-00-050
  • Lot Size Acres: 5.88
  • Fencing: Partial
  • Building Area Total: 1354
  • Lot Features: Many Trees, Near Ski Area, Rock Outcropping
  • Lot Size Sq Ft: 256132.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1826

MLS Schools

  • Elementary School: Discovery Canyon
  • High School: Air Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Nov 19, 2021
Sold by
Rice Marcia Lynn Gerig and Estate Of Clark Michael Rice
Bought by
Connolly Andrew
Seller's Agent
Sallyanne Holmes
Homestead Properties Co
Buyer's Agent
PPAR Agent Non-REcolorado
NON MLS PARTICIPANT
List Price
$690,000
Sold Price
$615,000
Premium/Discount to List
-$75,000
-10.87%
Current Estimated Value
$591,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,481
Avg. Annual Appreciation
2.18%
Original Mortgage
$461,250
Outstanding Balance
$428,252
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$236,596

Purchase Details

Closed on
Aug 16, 2006
Sold by
Rice Clark Michael
Bought by
Rice Clark Michael

Purchase Details

Closed on
Apr 5, 2006
Sold by
Rice Clark Michael
Bought by
Rice Clark Michael

Purchase Details

Closed on
Jan 24, 2004
Sold by
Rice Clark Michael
Bought by
Cmrre Inc

Purchase Details

Closed on
Jul 21, 2003
Sold by
Rice Clark Michael
Bought by
Rice Clark Michael

Purchase Details

Closed on
Nov 9, 2001
Sold by
Rice Michael
Bought by
Rice Enterprises Of Manitou Llc

Purchase Details

Closed on
Jun 29, 2000
Sold by
Rice Michael
Bought by
Rice Michael and White Dog Living Trust

Purchase Details

Closed on
May 16, 1995
Sold by
Arends Paul Graham and Arends Marjorie Louise
Bought by
Rice Clark Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,900
Interest Rate
8.36%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 1994
Sold by
Oermann Mark D and Oermann Tracy
Bought by
Arends Paul Graham and Arends Marjorie Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,325
Interest Rate
8.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 11, 1994
Sold by
Fredericksen James R
Bought by
Oermann Mark D and Oermann Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,650
Interest Rate
7.1%
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
Connolly Andrew $615,000 Empire Title Co Springs Llc
Rice Clark Michael -- None Available
Rice Clark Michael -- None Available
Cmrre Inc -- --
Rice Clark Michael -- --
Rice Enterprises Of Manitou Llc -- --
Rice Michael -- --
Rice Clark Michael $118,000 Land Title
Arends Paul Graham $125,325 Land Title
Oermann Mark D $64,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connolly Andrew $461,250
Previous Owner Rice Clark Michael $255,000
Previous Owner Rice Clark Michael $95,343
Previous Owner Rice Clark Michael $43,713
Previous Owner Rice Clark Michael $114,900
Previous Owner Arends Paul Graham $59,325
Previous Owner Oermann Mark D $51,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $615,000 0.0% $454 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $615,000 -5.4% $454 / Sq Ft
10/21/2021 10/21/21 Price Changed $650,000 -5.8% $480 / Sq Ft
09/29/2021 09/29/21 For Sale $690,000 -- $510 / 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 $2,205 $35,690 $24,610 $11,080
2023 $2,205 $35,690 $24,610 $11,080
2022 $1,782 $23,360 $13,620 $9,740
2021 $1,952 $24,040 $14,020 $10,020
2020 $1,826 $21,010 $12,820 $8,190
2019 $1,755 $21,010 $12,820 $8,190
2018 $1,405 $17,070 $10,810 $6,260
2017 $1,402 $17,070 $10,810 $6,260
2016 $1,390 $16,900 $11,950 $4,950
2015 $1,389 $16,900 $11,950 $4,950
2014 $1,391 $16,890 $13,020 $3,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 4095127

REcolorado®

APN: 62040-00-050