3118 Drakestone Dr Colorado Springs, CO 80909
Palmer Park Neighborhood
4
Beds
2
Baths
2,150
Sq Ft
9,265
Sq Ft Lot
Highlights
- Corner Lot
- 2 Car Attached Garage
- Fireplace in Basement
- Covered patio or porch
- Oversized Parking
- Ceramic Tile Flooring
About This Home
As of April 2025PERFECT investor opportunity or first time home buyers! Newer windows, gutters, hot water heater, HVAC system, & roof. All of the major items have been replaced, cosmetic rehab only if you want to update the kitchen & the bathrooms. The basement is finished with a walkout door. Potential to convert to an airbnb or separate dwelling unit if desired. Plenty of space for a growing family. Large fenced in back yard with a sprinkler system. Large two car garage with a workspace for your imagination. Hardwoods are under the carpet. This home is also conveniently located on a quiet street near shopping centers and dining. Pride of ownership is on full display here. Come see this one for yourself!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,076
Year Built
- Built in 1959
Lot Details
- 9,265 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Attached Garage
- Oversized Parking
Home Design
- Tri-Level Property
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,150 Sq Ft Home
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Walk-Out Basement
- Fireplace in Basement
- Laundry in Basement
Additional Features
- Covered patio or porch
- Heat Pump System
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%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,753
Avg. Annual Appreciation
4.17%
Original Mortgage
$344,000
Outstanding Balance
$343,394
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$91,370
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
Similar Homes in Colorado Springs, CO
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
|---|---|---|---|---|
| 2025 | $1,620 | $29,510 | -- | -- |
| 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
-
Seller's Agent in 2025
Elizabeth Mullen
The Cutting Edge
(719) 499-9197
5 in this area
53 Total Sales
-
Buyer's Agent in 2025
Justin Hermes
RE/MAX
(719) 232-1063
7 in this area
172 Total Sales
-
Seller's Agent in 2022
Joy Stamps
Colorado Realty Pros
(888) 220-0988
1 in this area
12 Total Sales
Map
Source: Pikes Peak REALTOR® Services
MLS Number: 2601463
APN: 64032-01-012
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