NOT LISTED FOR SALE

515 N Weber St Colorado Springs, CO 80903

Downtown Colorado Springs Neighborhood

Estimated Value: $458,000 - $1,156,765

3 Beds
2 Baths
2,496 Sq Ft
$369/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $1,180,250 $473 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $5,271/month

41 Days on Market

Highlights

  • Ceiling Fan
  • Baseboard Heating
  • Coin Laundry

About This Home

As of May 2024

You could not ask for a better location to own an income property in Colorado Springs! Walking distance to downtown,Colorado College, and Hospitals. This 6 unit multi-family property is easy to rent and the perfect location to sit back and enjoy the cash flow and land appreciation that only the booming Downtown Colorado Springs can offer. The front house is a 1895 craftsman duplex with tons of character and features a brick 4 plex in the back where each unit has some updates, functional floor plan, and rare large walk-in closets and off street parking! I promise this is a property that you will be proud to add to your portfolio! This property is being offered along with the 5 unit property directly behind on Wahsatch allowing for the 11 units total!

Last Agent to Sell the Property

Benjamin Kennedy

The Platinum Group Listed on: 02/29/2024

The Platinum Group

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,556

Year Built

  • Built in 1895

Lot Details

  • 9,500

Utilities

  • Wall Furnace
  • Baseboard Heating

Additional Features

  • Ceiling Fan
  • 9,500 Sq Ft Lot

Community Details

  • 5 Units
  • Coin Laundry

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,556

Year Built

Built in 1895

Lot Details

0

Listing Details

  • LaundryFacilites: Coin, Common
  • Property Sub Type: Aptmts(6+Units)
  • Prop. Type: Income
  • Year Built: 1895
  • Special Features: None

Exterior Features

  • New Construction: Existing

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Wall Furnace
  • Utilities: Electricity Connected, Natural Gas
  • Hot Water: Municipal

Schools

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

Lot Info

  • Program Acres Total: 0.2181
  • Lot Size: 9500.0000

Tax Info

  • Flip Tax Amount: 3556.00
  • Tax Year: 2022

Multi Family

  • Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
May 7, 2024
Sold by
Lee Ian and England Nerissa
Bought by
Independence Property Group Llc
Seller's Agent
Benjamin Kennedy
The Platinum Group
Buyer's Agent
Non Member
Non Member
List Price
$1,200,000
Sold Price
$1,180,250
Premium/Discount to List
-$19,750
-1.65%
Views
29
Current Estimated Value
$920,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$259,328
Avg. Annual Appreciation
-16.24%
Original Mortgage
$712,500
Outstanding Balance
$547,244
Interest Rate
7.35%
Mortgage Type
New Conventional
Estimated Equity
$373,678

Purchase Details

Closed on
Jun 15, 2017
Sold by
Tate Nathan
Bought by
Tate Estates Llc

Purchase Details

Closed on
Dec 7, 2015
Sold by
Procap Financial Lllp
Bought by
Tate Nathan

Purchase Details

Closed on
Jun 1, 2010
Sold by
Kovac Charles E
Bought by
Procap Financial Lllp

Purchase Details

Closed on
Jan 28, 2010
Sold by
Kovac Charles E
Bought by
Kovac Charles E

Purchase Details

Closed on
Apr 2, 1991
Bought by
Tate Estates Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Independence Property Group Llc $1,180,300 Rocky Mountain Title
Tate Estates Llc -- None Available
Tate Nathan $465,000 Unified Title Co
Procap Financial Lllp $345,000 --
Kovac Charles E $365,000 None Available
Tate Estates Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Independence Property Group Llc $712,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $1,180,250 -1.6% $473 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $1,200,000 0.0% $481 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $1,200,000 +9.1% $481 / Sq Ft
05/31/2022 05/31/22 Sold -- -- -- View Prior Sale
04/12/2022 04/12/22 Off Market $1,100,000 -- --
04/01/2022 04/01/22 Price Changed $1,100,000 -8.3% $441 / Sq Ft
01/27/2022 01/27/22 For Sale $1,200,000 -- $481 / 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 $4,665 $111,900 -- --
2024 $4,518 $88,590 $5,540 $83,050
2023 $4,518 $88,590 $5,540 $83,050
2022 $3,556 $63,550 $3,620 $59,930
2021 $3,943 $66,820 $3,800 $63,020
2020 $4,096 $60,350 $3,120 $57,230
2019 $4,074 $60,350 $3,120 $57,230
2018 $3,827 $52,160 $2,740 $49,420
2017 $3,625 $52,160 $2,740 $49,420
2016 $1,270 $21,910 $2,840 $19,070
2015 $1,265 $21,910 $2,840 $19,070
2014 $1,299 $21,580 $2,840 $18,740
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Benjamin Kennedy

    The Platinum Group

    (719) 310-1914

    2 in this area

    85 Total Sales

    Benjamin Kennedy
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Non Member

  • Jay Carden

    Seller's Agent in 2022

    Jay Carden

    Exp Realty LLC

    (719) 322-4939

    3 in this area

    77 Total Sales

    Jay Carden
    Section Image
See All Agents

Map

Source: Pikes Peak REALTOR® Services

MLS Number: 9368571

Pikes Peak REALTOR® Services

APN: 64074-20-014

Colorado El Paso County Colorado Springs 80903 Downtown Colorado Springs

515 N Weber St, Colorado Springs, CO

This home is located at 515 N Weber St, Colorado Springs, CO 80903 since 29 February 2024 and is currently estimated at $920,922, approximately $368 per square foot. This property was built in 1895. 515 N Weber St is a home located in El Paso County with nearby schools including Taylor Elementary School, North Middle School, and William J. Palmer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pikes Peak REALTOR® Services IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes