$330,000
SOLD OCT 25, 2024

585 Observatory Dr Unit 2F Colorado Springs, CO 80904

Westside Neighborhood
2 Beds
2 Baths
1,097 Sq Ft
$360/mo HOA Fee

Recently Sold

$301 Per Sq Ft

3% Below List Price

53 Days on Market

Highlights

  • Ranch Style House
  • End Unit
  • Ground Level Unit
  • Bristol Elementary, School of the Arts and STEM Rated A-
  • Corner Lot
  • 1 Car Attached Garage

About This Home

As of October 2024

Welcome to the gorgeous 2 bedrooms 2 full bathrooms condo in Promontory Point It is great for easy Colorado living. This garden-level condo offers a lot of natural light, Enjoy the cozy living room with a fireplace from there you go to a nice eating area that has a door that takes you to the nice patio facing open space. Enjoy the bonus room that can offer extra space you can use as an office, exercise room, or game room. Do not miss
your opportunity to own in this quiet community within minutes of downtown and easy highway access.

Last Agent to Sell the Property

Maysa Jad

NAV Real Estate Brokerage Phone: 720-379-3445 Listed on: 08/08/2024

NAV Real Estate

Last Buyer's Agent

Charles Brown

RE/MAX Properties, Inc License #ER153991

RE/MAX Properties, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $807

Year Built

  • Built in 1984

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,097 Sq Ft Home
  • Carpet

Kitchen

  • Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Bristol Elementary School
  • Holmes Middle School
  • Coronado High School

Additional Features

  • End Unit
  • Ground Level Unit
  • Forced Air Heating System

Community Details

  • Association fees include covenant enforcement, insurance, ground maintenance, maintenance structure, management, snow removal, trash removal
  • On-Site Maintenance
  • Greenbelt

Property Details

Home Type

Condominium

Est. Annual Taxes

$807

Year Built

Built in 1984

Lot Details

0

HOA Fees

$360 per month

Parking

1

Listing Details

  • Total Bathrooms: 2
  • LaundryFacilites: Main
  • Property Attached Yn: Yes
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Sq Ft MainFloor: 1097
  • Fill Sq Ft Total: 1097
  • Year Built: 1984
  • Attribution Contact: 720-379-3445
  • Special Features: None

Interior Features

  • Appliances: Cook Top, Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Floor Plan: Ranch
  • Flooring: Carpet
  • MainFloorBedroomYN: Yes
  • Finished Sq Ft: 1097

Exterior Features

  • New Construction: Existing Home
  • Foundation Details: Not Applicable
  • Lot Type: Corner
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Other

Garage/Parking

  • Garage Spaces: 1
  • Garage Type: Attached

Utilities

  • Cooling: Other
  • Heating: Forced Air
  • Utilities: Electricity Available
  • Hot Water: Municipal

Condo/Co-op/Association

  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Common Amenities: Green Areas, Landscape Maintenance

Fee Information

  • Association Fee Includes: Covenant Enforcement, Insurance, Maintenance Grounds, Maintenance Structure, Management, Snow Removal, Trash Removal

Schools

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

Lot Info

  • Program Acres Total: 0.0342
  • Lot Size: 1488.0000

Tax Info

  • Flip Tax Amount: 807.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 24, 2024
Sold by
Malyshev Inna A and Malyshev Nikolai
Bought by
Spargo Family Trust
Seller's Agent
Maysa Jad
NAV Real Estate
Buyer's Agent
Charles Brown
RE/MAX Properties, Inc
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.38%
Original Mortgage
$125,000
Outstanding Balance
$123,620
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$198,993

Purchase Details

Closed on
Sep 12, 2011
Sold by
Malyshev Inna A
Bought by
Malyshew Nikolai and Malyshev Inna A

Purchase Details

Closed on
Nov 15, 2005
Sold by
Durkee Dorcas M
Bought by
Malyshev Inna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 15, 2002
Sold by
Keenan Arlene I
Bought by
Durkee Dorcas M

Purchase Details

Closed on
Sep 26, 1997
Sold by
Gardella Doris I
Bought by
Keenan Arlene I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
7.49%

Purchase Details

Closed on
Jul 30, 1992
Bought by
Malyshev Nikolai

Purchase Details

Closed on
Nov 1, 1986
Bought by
Malyshev Nikolai
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 Type Sale Price Title Company
Warranty Deed $330,000 First American Title
Interfamily Deed Transfer -- None Available
Warranty Deed $160,000 --
Warranty Deed $145,000 Security Title
Warranty Deed $113,500 Security Title
Deed $86,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $125,000 New Conventional
Previous Owner $60,000 Unknown
Previous Owner $69,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2025 10/02/25 For Sale $299,999 -9.1% $273 / Sq Ft
10/25/2024 10/25/24 Sold $330,000 0.0% $301 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/07/2024 09/07/24 Price Changed $330,000 -2.9% $301 / Sq Ft
08/08/2024 08/08/24 For Sale $340,000 -- $310 / 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 $915 $21,940 -- --
2024 $807 $20,850 $4,390 $16,460
2022 $957 $17,110 $2,880 $14,230
2021 $1,039 $17,610 $2,970 $14,640
2020 $979 $14,420 $2,220 $12,200
2019 $973 $14,420 $2,220 $12,200
2018 $923 $12,580 $1,800 $10,780
2017 $874 $12,580 $1,800 $10,780
2016 $767 $13,230 $1,990 $11,240
2015 $764 $13,230 $1,990 $11,240
2014 $649 $10,780 $1,790 $8,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 4318494

Pikes Peak REALTOR® Services

APN: 74123-17-058