NOT LISTED FOR SALE

Estimated Value: $433,000 - $597,000

4 Beds
4 Baths
-- Sq Ft
0.26 Acres

Last Sold February 27, 2024

Last sale price $445,000

Est. 12% increase in value since last sale

Current estimated payment $2,769/month

97 Days on Market

About This Home

As of February 2024

This incredible multi-family property offers an amazing opportunity for both investors and homebuyers alike. Located on the west side of Colorado Springs in the charming Old Colorado City area, this property boasts convenience, style, and endless possibilities. With a total of four bedrooms and four bathrooms spread across two units (A and B), there is ample space for comfortable living or potential rental income. Each unit has been thoughtfully updated and meticulously maintained, ensuring a move-in ready experience for you or your tenants. The exterior showcases a new stucco finish and freshly painted stairs and landing, providing exceptional curb appeal that complements the vibrant charm of the neighborhood. With 6+ parking spaces available, parking will never be an issue for residents or guests. Unit B shines with new interior paint and new flooring that adds a touch of modern elegance. Both units have been professionally cleaned, giving you peace of mind. This duplex boasts a large lot and storage building as well! Nestled in a prime location, this property offers easy access to shopping, dining, and other local amenities. Enjoy the nearby outdoor recreation areas such as the iconic Garden of the Gods, the exhilarating Manitou Incline, and numerous parks and trails that highlight Colorado's breathtaking natural beauty. Don't miss out on the opportunity to own this gem nestled in Colorado Springs' west side. Call now to schedule your private tour and make this amazing property your new home or investment venture!

Last Agent to Sell the Property

Stephanie Thomas

Coldwell Banker Realty Listed on: 10/18/2023

Coldwell Banker Realty

Last Buyer's Agent

Blaze Panariso

RE/MAX Real Estate Group LLC

RE/MAX Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1986

Lot Details

  • 0.26 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Multiple Fireplaces
  • Wood Burning Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,135

Year Built

Built in 1986

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up
  • Property Sub Type: Duplex
  • Prop. Type: Income
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range Oven, Refrigerator, Washer
  • Fireplace Type: Main, Two, Upper, Wood, See Prop Desc Remarks

Exterior Features

  • New Construction: Existing
  • Fence: None
  • Foundation Details: Slab
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Framed on Lot

Garage/Parking

  • ParkingSpacesNumberOf: 6
  • ListingUnits_1_NumGarage: 0
  • ListingUnits_2_NumGarage: 0

Utilities

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

Schools

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

Lot Info

  • Program Acres Total: 0.2645
  • Lot Size: 11521.0000

Tax Info

  • Flip Tax Amount: 1134.83
  • Tax Year: 2022

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Feb 22, 2024
Sold by
Kolm Living Trust
Bought by
Baker Mark A
Seller's Agent
Stephanie Thomas
Coldwell Banker Realty
Buyer's Agent
Blaze Panariso
RE/MAX Real Estate Group LLC
List Price
$510,000
Sold Price
$445,000
Premium/Discount to List
-$65,000
-12.75%
Views
221
Current Estimated Value
$497,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,761
Avg. Annual Appreciation
3.63%
Original Mortgage
$333,750
Outstanding Balance
$328,815
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$142,166

Purchase Details

Closed on
Sep 11, 2013
Sold by
Kolm Louis B and Kolm Rosalie E
Bought by
Kolm Louis B and Kolm Rosalie E

Purchase Details

Closed on
Oct 4, 1999
Sold by
W T H Investors
Bought by
Kolm Louis B and Kolm Rosalie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,800
Interest Rate
8.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1995
Sold by
Speer Joseph and Speer Marcia
Bought by
Robertson James W and Robertson Marcella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
7.88%
Mortgage Type
Commercial
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
Baker Mark A $445,000 Fntc
Kolm Louis B -- None Available
Kolm Louis B $133,500 Land Title
W T H Investors -- Land Title
Robertson James W -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Mark A $333,750
Previous Owner Kolm Louis B $106,800
Previous Owner Robertson James W $52,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $445,000 -4.3% --
01/23/2024 01/23/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $465,000 -7.0% --
11/17/2023 11/17/23 Price Changed $500,000 -2.0% --
10/18/2023 10/18/23 For Sale $510,000 -- --
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 $1,554 $31,120 -- --
2024 $1,439 $32,400 $5,730 $26,670
2023 $1,439 $32,400 $5,730 $26,670
2022 $1,135 $20,280 $3,880 $16,400
2021 $1,258 $21,320 $4,080 $17,240
2020 $1,233 $18,160 $3,470 $14,690
2019 $1,226 $18,160 $3,470 $14,690
2018 $1,059 $14,430 $3,200 $11,230
2017 $1,003 $14,430 $3,200 $11,230
2016 $815 $14,050 $3,530 $10,520
2014 -- $12,770 $3,180 $9,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 5244278

Pikes Peak REALTOR® Services

APN: 74111-02-067