NOT LISTED FOR SALE

Estimated Value: $234,000 - $385,212

4 Beds
2 Baths
1,608 Sq Ft
$197/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $294,000 $183 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,759/month

124 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • School of Choice Available
  • Bristol Elementary, School of the Arts and STEM Rated A-

About This Home

As of February 2023

No Showings on Wednesdays. PLEASE SEE ATTACHED DOCUMENTS For Good Information. SOLD AS IS. Seller will pay to have sewer line repaired post closing per attached bid from Joe Frei Excavating at current list price. 5.45% CAP rate income property at $325k. Tenant may be home, knock first. Tenant occupied, 24 hour notice required for showings. Closing can be as quick as you like, but if new buyer not keeping current tenants, leases require a 30 day notice to vacate which would be communicated by new buyer after closing, Tenants on a month to month lease. Average & Median Rents in the area for 2 bed 1 bath units is $1350/month, or more specifically $1.63/sqft on average so there is about a $2500 rent potential on new leases for these units. Current month to month rents on the units are $1000/mo and $800/mo for unit 516 and 518 respectively, these are very low rents for the area. Buyer to verify all measurements. Water Heaters in each unit installed in 2002. Furnace 2007 in 518.

Last Agent to Sell the Property

Jerrod Butler

Wish Property Group Inc License #100042901 Listed on: 09/16/2022

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $699

Year Built

  • Built in 1900

Lot Details

  • 4,400 Sq Ft Lot
  • Property is zoned R2

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Partial Basement

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Bristol Elementary School
  • Holmes Middle School
  • Coronado High School
  • School of Choice Available

Utilities

  • Forced Air Heating System

Community Details

  • Sherman Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Exclusions: Tenant's personal items
  • Assessor Parcel Number 74124-22-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$699

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structure Type: House
  • Levels: Two
  • Above Grade Price per Sq Ft: 182.84
  • Finished Price per Sq Ft: 182.84
  • Total Price per Sq Ft: 145.91
  • School Of Choice Yn: Yes
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1608.00
  • Below Grade Sq Ft: 407.00
  • Exclusions: Tenant's personal items
  • Living Area: 1608.00
  • Offstreet Spaces: 2
  • P P A: 2940000.00
  • Restrictions Covenants: Yes
  • Water Included: Yes
  • SubdivisionName: Sherman
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Room Count: 11
  • Basement: Partial
  • Basement: Yes
  • Total Bedrooms: 4
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Schools

  • School District: Colorado Springs 11
  • Elementary School: Bristol
  • Middle School: Holmes
  • High School: Coronado
  • Middle Or Junior School: Holmes

Lot Info

  • Parcel Number: 74124-22-022
  • Lot Size Acres: 0.10
  • Building Area Total: 2015.00
  • Lot Size Sq Ft: 4400.00

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 699.00

MLS Schools

  • Elementary School: Bristol
  • High School: Coronado

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Feb 8, 2023
Sold by
Hibbs David W
Bought by
Aunan Christopher Bruce
Seller's Agent
Jerrod Butler
Wish Property Group Inc
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$325,000
Sold Price
$294,000
Premium/Discount to List
-$31,000
-9.54%
Views
80
Current Estimated Value
$311,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,901
Avg. Annual Appreciation
1.24%
Original Mortgage
$279,300
Outstanding Balance
$271,366
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$31,730

Purchase Details

Closed on
Aug 21, 2015
Sold by
Aspedon Fred W and Aspedon Darlene M
Bought by
Hibbs David W and Ahmed June D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 1992
Bought by
Hibbs David W

Purchase Details

Closed on
Sep 16, 1991
Bought by
Hibbs David W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aunan Christopher Bruce -- Stewart Title
Hibbs David W $110,000 Legacy Title Group Llc
Hibbs David W $55,000 --
Hibbs David W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aunan Christopher Bruce $279,300
Previous Owner Hibbs David W $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $294,000 -9.5% $183 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $325,000 0.0% $202 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/21/2022 11/21/22 Price Changed $325,000 -4.4% $202 / Sq Ft
10/31/2022 10/31/22 Price Changed $340,000 -9.3% $211 / Sq Ft
10/25/2022 10/25/22 Price Changed $375,000 -3.8% $233 / Sq Ft
10/05/2022 10/05/22 Price Changed $390,000 -12.4% $243 / Sq Ft
09/16/2022 09/16/22 For Sale $445,000 -- $277 / Sq Ft
Source: REcolorado®

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 $617 $24,010 -- --
2024 $512 $15,470 $5,160 $10,310
2022 $645 $11,520 $3,570 $7,950
2021 $699 $11,850 $3,670 $8,180
2020 $671 $9,890 $3,120 $6,770
2019 $668 $9,890 $3,120 $6,770
2018 $583 $7,940 $2,880 $5,060
2017 $552 $7,940 $2,880 $5,060
2016 $740 $12,760 $3,180 $9,580
2015 $737 $12,760 $3,180 $9,580
2014 $710 $11,800 $2,870 $8,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6033330

REcolorado®

APN: 74124-22-022