Estimated Value: $431,000 - $474,000

4 Beds
2 Baths
1,376 Sq Ft
$332/Sq Ft Est. Value

Last Sold April 25, 2023

Current estimated payment $2,600/month

About This Home

As of April 2023

Large duplex in very good condition close to Memorial Central Hospital & the Olympic Training Center-Zoned R-1 but there is a legal nonconforming use letter from the city-Both units are in very good condition w/ updated kitchens & paint & the lower level unit is also above grade-Although both tenants have been living there for a long time (main level tenant for ten years now) they will both be leaving within the next few weeks-Rents have been below market-Great investment opportunity here-Owner could live in one unit & rent out the other or just rent them both out.

Last Agent to Sell the Property

Bobbi Price

The Platinum Group Listed on: 02/14/2023

The Platinum Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 1939

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • Multiple Fireplaces
  • Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1939

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up
  • Property Sub Type: Duplex
  • Prop. Type: Income
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Alley: None
  • Appliances: Dishwasher, Disposal, Range Oven, Refrigerator
  • Fireplace Type: Two

Exterior Features

  • New Construction: Existing
  • Foundation Details: Full Basement, Garden Level, Slab, Walk Out
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Wood Frame

Garage/Parking

  • ListingUnits_1_NumGarage: 0
  • ListingUnits_2_NumGarage: 0

Utilities

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

Schools

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

Lot Info

  • Program Acres Total: 0.1722
  • Lot Size: 7500.0000

Tax Info

  • Flip Tax Amount: 1223.00
  • Tax Year: 2021

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2023
Sold by
Lyon Roma A
Bought by
Chitty Rachael
Current Estimated Value
$456,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,262
Outstanding Balance
$411,397
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$45,154

Purchase Details

Closed on
Apr 15, 1993
Bought by
Lyon Jeffery J 50

Purchase Details

Closed on
Nov 5, 1992
Bought by
Lyon Jeffery J 50

Purchase Details

Closed on
Jun 1, 1984
Bought by
Lyon Jeffery J 50
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
Chitty Rachael $485,000 Stewart Title
Lyon Jeffery J 50 -- --
Lyon Jeffery J 50 -- --
Lyon Jeffery J 50 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gwh Llc $125,000
Open Chitty Rachael $422,262
Previous Owner Lyon Elden R $51,119
Previous Owner Lyon Jeffery J $66,700
Previous Owner Lyon Elden R $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold -- -- --
03/22/2023 03/22/23 Off Market $495,000 -- --
02/14/2023 02/14/23 For Sale $495,000 -- $360 / 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 $1,339 $28,760 -- --
2024 $1,226 $28,510 $3,430 $25,080
2022 $1,127 $20,140 $2,540 $17,600
2021 $1,223 $20,730 $2,620 $18,110
2020 $1,176 $17,320 $2,290 $15,030
2019 $1,169 $17,320 $2,290 $15,030
2018 $1,003 $13,670 $1,510 $12,160
2017 $950 $13,670 $1,510 $12,160
2016 $758 $13,080 $1,670 $11,410
2015 $755 $13,080 $1,670 $11,410
2014 $729 $12,110 $1,670 $10,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 3815436

Pikes Peak REALTOR® Services

APN: 64092-17-009