$300,000
SOLD JUN 13, 2024
-- Bed
-- Bath
1,679 Sq Ft
0.38 Acres

Recently Sold

$179 Per Sq Ft

20% Below List Price

27 Days on Market

Highlights

  • Additional Residence on Property
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of June 2024

Investors! Income potential. Very large lot Zoned R2 Home and cottage with 2 detached garages. Wonderful opportunity to restore historic property in Cheyenne Canyon Broadmoor area near Creekwalk and Ivywild. Renovate this historic home and cottage in this desirable location. The Kitchens are not currently functional. Very Large lot with 4 structures, established trees and gardening beds. Main home circa 1895 faces West Cheyenne Road with Summer cottage and original detached garage built circa 1920. Alley access at north end of property has oversized 2 story workshop 4 car garage built circa 1993. Deep Renovation necessary for this treasure. Great opportunity here. Zoned R2 Ivywild area home near all major highways, South Nevada shopping and new Creekside Walk shopping. Near North Cheyenne Canon hiking, seven Falls and the Broadmoor resort.

Last Agent to Sell the Property

Barbara Gardner

Keller Williams Clients Choice Realty Listed on: 05/16/2024

Keller Williams Clients Choice Realty

Last Buyer's Agent

Joshua Rowland

RE/MAX Real Estate Group License #100065509

RE/MAX Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1895

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Fireplace Features Masonry
  • Partial Basement
  • Oven
  • Electric Dryer Hookup

Utilities

  • Forced Air Heating System
  • Phone Available

Additional Features

  • 0.38 Acre Lot
  • Additional Residence on Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,290

Year Built

Built in 1895

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up
  • Property Sub Type: House W/Cottage
  • Prop. Type: Income
  • Year Built: 1895
  • Special Features: None

Interior Features

  • Alley: Gravel, Paved
  • Appliances: Oven, Range
  • Fireplace Type: Main Level, Masonry, One, Wood Burning

Exterior Features

  • New Construction: Existing
  • Fence: See Prop Desc Remarks
  • Foundation Details: Partial Basement
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Concrete Block, Frame

Garage/Parking

  • ParkingSpacesNumberOf: 4
  • ListingUnits_1_NumGarage: 2

Utilities

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

Schools

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

Lot Info

  • Program Acres Total: 0.3788
  • Lot Size: 16500.0000

Tax Info

  • Flip Tax Amount: 1290.38
  • Tax Year: 2022

Multi Family

  • Unit Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 13, 2024
Sold by
Vaeth Ruth A
Bought by
Oikonomos Holdings Llc
Seller's Agent
Barbara Gardner
Keller Williams Clients Choice Realty
Buyer's Agent
Joshua Rowland
RE/MAX Real Estate Group
List Price
$375,000
Sold Price
$300,000
Premium/Discount to List
-$75,000
-20%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.20%
Original Mortgage
$250,000
Outstanding Balance
$82,441
Interest Rate
12%
Mortgage Type
Construction
Estimated Equity
$321,985

Purchase Details

Closed on
Jan 27, 1994
Sold by
Vaeth John B and Vaeth Marlene L
Bought by
Vaeth Gregory J and Vaeth Ruth A

Purchase Details

Closed on
Oct 22, 1993
Sold by
Van Dam Ii Howard and Van Dam Sandra Lee
Bought by
Hanson Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,930
Interest Rate
6.96%

Purchase Details

Closed on
Feb 1, 1983
Bought by
Vaeth Ruth A
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $300,000 Stewart Title
Quit Claim Deed -- --
Warranty Deed $59,900 Security Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Construction
Previous Owner $75,000 Future Advance Clause Open End Mortgage
Previous Owner $79,545 VA
Previous Owner $40,000 Stand Alone Second
Previous Owner $95,320 Stand Alone Second
Previous Owner $11,930 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $850,000 +183.3% $457 / Sq Ft
06/13/2024 06/13/24 Sold $300,000 -20.0% $179 / Sq Ft
05/20/2024 05/20/24 Off Market $375,000 -- --
05/16/2024 05/16/24 For Sale $375,000 -- $223 / 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 $1,444 $27,550 -- --
2024 $1,330 $30,410 $5,240 $25,170
2022 $1,290 $23,060 $3,980 $19,080
2021 $1,400 $23,720 $4,090 $19,630
2020 $1,397 $20,580 $3,500 $17,080
2019 $1,389 $20,580 $3,500 $17,080
2018 $1,239 $16,880 $2,900 $13,980
2017 $1,173 $16,880 $2,900 $13,980
2016 $885 $15,260 $2,270 $12,990
2015 $881 $15,260 $2,270 $12,990
2014 $867 $14,400 $2,360 $12,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 4540001

Pikes Peak REALTOR® Services

APN: 64302-15-019