3118 Drakestone Dr Colorado Springs, CO 80909
Palmer Park Neighborhood
4
Beds
2
Baths
2,150
Sq Ft
9,265
Sq Ft Lot
Highlights
- Property is near a park
- 2 Car Attached Garage
- Rock Views
- Hiking Trails
- Oversized Parking
- Concrete Porch or Patio
About This Home
As of April 2025Welcome to this charming tri-level property nestled in a peaceful neighborhood with no HOA! This 2,150 square foot house features four bedrooms and two bathrooms, perfect for families seeking comfort and convenience. Enjoy the refinished hardwood floors in the living room - matching hardwood is under the carpet upstairs. The kitchen has refinished cabinets, and the home has fresh paint throughout.A new electric panel, cross manifold, and hot water heater make sure this home is equipped with amenities for efficiency and reliability. The walkout basement is ideal for a short-term rental, mother-in-law suite, or separate living quarters. New energy efficient LED light fixtures and a ceiling fan in the living room make for a comfortable atmosphere year-round. The main level opens to a generous back porch, ready for entertaining, or simply enjoying the quiet, fenced backyard. For those who love to tinker, the two-car garage includes a workshop space.Centrally located next to Palmer Park for outdoor enthusiasts, this home offers easy access to schools, shopping, and recreation, making it an ideal setting for both relaxation and activity. Don't miss the opportunity to own this thoughtfully updated home in a wonderful community.
Last Agent to Sell the Property
The Cutting Edge Brokerage Phone: 719-999-5067 Listed on: 02/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,620
Year Built
- Built in 1959
Lot Details
- 9,265 Sq Ft Lot
- Back Yard Fenced
- Landscaped
Parking
- 2 Car Attached Garage
- Oversized Parking
- Workshop in Garage
- Garage Door Opener
- Driveway
Home Design
- Tri-Level Property
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,150 Sq Ft Home
- Ceiling Fan
- Rock Views
Kitchen
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Fireplace in Basement
- Laundry in Basement
Accessible Home Design
- Remote Devices
- Ramped or Level from Garage
Outdoor Features
- Concrete Porch or Patio
Location
- Property is near a park
- Property is near schools
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Natural Gas
- 220 Volts in Kitchen
- Water Not Available
Community Details
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2025
Closed on
Apr 25, 2025
Sold by
Bales Lillian and Rushing Jesse M
Bought by
Wolder Natalie Marie and Carter Ean Eske
Seller's Agent
Elizabeth Mullen
The Cutting Edge
Buyer's Agent
Justin Hermes
RE/MAX Properties, Inc
List Price
$439,900
Sold Price
$430,000
Premium/Discount to List
-$9,900
-2.25%
Total Days on Market
28
Views
54
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Original Mortgage
$344,000
Outstanding Balance
$344,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$91,748
Purchase Details
Listed on
Oct 1, 2022
Closed on
Dec 16, 2022
Sold by
Mcinaney Jeanette Kay
Bought by
Bales Lillian and Zerr Amy Elizabeth
Seller's Agent
Joy Stamps
Colorado Realty Pros
Buyer's Agent
Elizabeth Mullen
The Cutting Edge
List Price
$425,000
Sold Price
$360,000
Premium/Discount to List
-$65,000
-15.29%
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$353,479
Interest Rate
6.95%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 25, 2022
Sold by
Mclnaney Jeanette K
Bought by
Mclnaney Jeanette Kay
Purchase Details
Closed on
Feb 5, 2019
Sold by
Mcley Jeanette Kay
Bought by
The Squeakly Living Trust
Purchase Details
Closed on
Jun 6, 1990
Bought by
Mcinaney Jeanette K
Purchase Details
Closed on
May 2, 1988
Bought by
Mcinaney Jeanette K
Purchase Details
Closed on
Apr 16, 1985
Bought by
Mcinaney Jeanette K
Purchase Details
Closed on
Feb 4, 1977
Bought by
Mcinaney Jeanette K
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***See the Amazing Video at the Virtual Tour Link on the listing*** Single-family home nestled in the heart of Colorado Springs. This residence offers a blend of historic character and modern potential.Welcoming enclosed front porch leads to a formal dining room. Living area provides ample space for relaxation and entertainment and includes built-in cabinets and a space that can
Scott Reinmuth Acquire Homes Inc.
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | Htc | |
| Warranty Deed | $360,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Deed | $124,500 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $344,000 | New Conventional | |
| Previous Owner | $353,479 | FHA | |
| Previous Owner | $178,400 | New Conventional | |
| Previous Owner | $185,000 | New Conventional | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $174,720 | FHA | |
| Previous Owner | $184,981 | FHA | |
| Previous Owner | $20,000 | Stand Alone Second | |
| Previous Owner | $160,000 | Unknown | |
| Previous Owner | $20,000 | Stand Alone Second | |
| Previous Owner | $140,000 | Unknown | |
| Previous Owner | $120,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $430,000 | -2.3% | $200 / Sq Ft |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- |
| 02/28/2025 02/28/25 | For Sale | $439,900 | +22.2% | $205 / Sq Ft |
| 12/16/2022 12/16/22 | Sold | $360,000 | 0.0% | $167 / Sq Ft |
| 11/23/2022 11/23/22 | Off Market | $360,000 | -- | -- |
| 11/16/2022 11/16/22 | Price Changed | $345,000 | -12.7% | $160 / Sq Ft |
| 11/01/2022 11/01/22 | Price Changed | $395,000 | -7.1% | $184 / Sq Ft |
| 10/01/2022 10/01/22 | For Sale | $425,000 | -- | $198 / Sq Ft |
Source: Pikes Peak REALTOR® Services
Tax History Compared to Growth
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 | $1,504 | $33,580 | $6,180 | $27,400 |
| 2022 | $992 | $24,680 | $4,590 | $20,090 |
| 2021 | $1,076 | $25,390 | $4,720 | $20,670 |
| 2020 | $932 | $20,880 | $4,120 | $16,760 |
| 2019 | $927 | $20,880 | $4,120 | $16,760 |
| 2018 | $786 | $17,910 | $3,320 | $14,590 |
| 2017 | $744 | $17,910 | $3,320 | $14,590 |
| 2016 | $546 | $17,380 | $3,440 | $13,940 |
| 2015 | $544 | $17,380 | $3,440 | $13,940 |
| 2014 | $490 | $16,100 | $3,440 | $12,660 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Mullen
Seller's Agent in 2025
Elizabeth Mullen
The Cutting Edge
(719) 499-9197
5 in this area
52 Total Sales
-
Justin Hermes
Buyer's Agent in 2025
Justin Hermes
RE/MAX
(719) 232-1063
7 in this area
168 Total Sales
-
Joy Stamps
Seller's Agent in 2022
Joy Stamps
Colorado Realty Pros
(888) 220-0988
1 in this area
15 Total Sales
Map
Source: Pikes Peak REALTOR® Services
MLS Number: 1484800
APN: 64032-01-012
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