NOT LISTED FOR SALE

1518 Mckay Way Colorado Springs, CO 80915

Rustic Hills Neighborhood

Estimated Value: $407,309 - $427,000

4 Beds
3 Baths
1,902 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $397,500 $209 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,389/month

30 Days on Market

Highlights

  • Main Floor Bedroom
  • Rock Views
  • Ceiling Fan
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of September 2022

Lovely bi-level home with all amenities close by! This beautifully renovated home offers easy access to all areas of town including grocery stores, military bases, restaurants, shopping, schools, parks, and more. Owners have taken excellent care and maintenance of the property by refinishing the hardwood floors; adding new siding/paint; new roof in 2018; updated master bath; all new exterior doors; newly updated kitchen; new flooring in lower level and even upgraded the home to 200A service with 240V circuit to the garage. This move in ready home will not last long!

Last Agent to Sell the Property

Jacob Mueller

Renjoy Real Estate Listed on: 08/19/2022

Co-Listed By

Jordan Malara

LPT Realty LLC

Last Buyer's Agent

Dan Egan

Keller Williams Clients Choice Realty

Keller Williams Clients Choice Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,235

Year Built

  • Built in 1966

Lot Details

  • 0.26

Parking

  • 2 Car Attached Garage

Home Design

  • Bi-Level Home
  • Shingle Roof

Interior Spaces

  • 1,902 Sq Ft Home
  • Ceiling Fan
  • Rock Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Additional Features

  • 0.26 Acre Lot
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,235

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Total Bathrooms: 3
  • Property Attached Yn: No
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Fill Sq Ft Total: 1902
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Oven, Refrigerator, Washer
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Floor Plan: Bi-level
  • MainFloorBedroomYN: Yes
  • Finished Sq Ft: 1902
  • Sq Ft Lower Floor: 588

Exterior Features

  • New Construction: Existing Home
  • Foundation Details: Garden Level
  • Lot Type: View of Rock Formations
  • Roof: Composite Shingle
  • Exterior Construction: Fiber Cement
  • Structure: Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Type: Attached

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Heating: Forced Air
  • Utilities: Electricity Connected, Natural Gas Available
  • Hot Water: Municipal

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Schools

  • School District: Colorado Springs 11
  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.2601
  • Lot Size: 11329.0000

Tax Info

  • Flip Tax Amount: 1235.03
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Sep 19, 2022
Sold by
Englert David J
Bought by
Mcelroy Kawika W and Mcelroy Margaret N
Seller's Agent
Jacob Mueller
Renjoy Real Estate
Buyer's Agent
Dan Egan
Keller Williams Clients Choice Realty
List Price
$389,900
Sold Price
$397,500
Premium/Discount to List
$7,600
1.95%
Current Estimated Value
$417,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,577
Avg. Annual Appreciation
1.41%
Original Mortgage
$377,625
Outstanding Balance
$361,582
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$52,590

Purchase Details

Closed on
Feb 21, 2017
Sold by
Faulkner Tim S and Faulkner Jana
Bought by
Englert David J and Mccool Erin V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2014
Sold by
Faulkner Tim S
Bought by
Faulkner Tim S and Faulkner Jana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2010
Sold by
Myers Jerry
Bought by
Faulkner Tim S

Purchase Details

Closed on
Jul 31, 2008
Sold by
Schoenbauer Ralph A
Bought by
Faulkner Tim S and Myers Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,728
Interest Rate
6.4%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 29, 1996
Sold by
Schoenbauer Audrey D
Bought by
Schoenbauer Ralph A

Purchase Details

Closed on
Sep 1, 1973
Bought by
Mccool Erin V
Source: Public Records

Range of Values:

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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
Mcelroy Kawika W $397,500 New Title Company Name
Englert David J $205,000 Stewart Title
Faulkner Tim S -- None Available
Faulkner Tim S -- None Available
Faulkner Tim S $183,000 Land Title Guarantee Company
Schoenbauer Ralph A -- --
Mccool Erin V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy Kawika W $377,625
Previous Owner Englert David J $169,000
Previous Owner Englert David J $184,500
Previous Owner Faulkner Timothy $3,000
Previous Owner Faulkner Tim S $179,728
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold $397,500 0.0% $209 / Sq Ft
08/25/2022 08/25/22 Off Market $397,500 -- --
08/19/2022 08/19/22 For Sale $389,900 -- $205 / 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 $1,391 $27,900 -- --
2024 $1,277 $29,440 $4,150 $25,290
2022 $1,139 $20,350 $3,340 $17,010
2021 $1,235 $20,930 $3,430 $17,500
2020 $1,154 $17,000 $3,000 $14,000
2019 $1,148 $17,000 $3,000 $14,000
2018 $1,007 $13,720 $2,380 $11,340
2017 $953 $13,720 $2,380 $11,340
2016 $754 $13,000 $2,310 $10,690
2015 $751 $13,000 $2,310 $10,690
2014 $738 $12,270 $2,310 $9,960
Source: Public Records

Agents Affiliated with this Home

  • Jacob Mueller

    Seller's Agent in 2022

    Jacob Mueller

    Renjoy Real Estate

    (719) 650-7245

    2 in this area

    65 Total Sales

    Jacob Mueller
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jordan Malara

    LPT Realty LLC

    (315) 657-4688

    1 in this area

    25 Total Sales

    Jordan Malara
    Section Image

  • D

    Buyer's Agent in 2022

    Dan Egan

    Keller Williams Clients Choice Realty

    (719) 535-0355

    1 in this area

    157 Total Sales

    Dan Egan
    Section Image
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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 8036974

Pikes Peak REALTOR® Services

APN: 64024-02-023

Colorado El Paso County Colorado Springs 80915 Rustic Hills

1518 Mckay Way, Colorado Springs, CO

This home is located at 1518 Mckay Way, Colorado Springs, CO 80915 since 19 August 2022 and is currently estimated at $417,077, approximately $219 per square foot. This property was built in 1966. 1518 Mckay Way is a home located in El Paso County with nearby schools including Wilson Elementary School, Sabin Middle School, and Mitchell 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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