NOT LISTED FOR SALE

Estimated Value: $307,000 - $423,000

4 Beds
2 Baths
1,586 Sq Ft
$224/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $300,000 $189 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,984/month

41 Days on Market

Highlights

  • Property is near a park
  • Hiking Trails
  • Fireplace in Basement
  • Wood Flooring
  • 1 Car Detached Garage
  • 1-minute walk to Freedom Park

About This Home

As of April 2024

Discover a unique investment gem in downtown Colorado Springs. This stucco bi-level home, zoned R5, offers a perfect blend of charm and potential. With four bedrooms, two baths, two living rooms and the possibility to add an ADU on its spacious lot, it’s an ideal project for those looking to personalize or seek investment opportunities. Sold "as is", needing cosmetic updates, it’s a canvas awaiting transformation into a dream home or lucrative rental property. Its prime location enhances its appeal, promising a vibrant lifestyle and a sought-after spot in the real estate market. Whether for a family home or an investment, this property stands as a rare chance to craft a space with personal touches or to capitalize on its potential.

Last Agent to Sell the Property

Stephaney Hincy

Real Broker, LLC DBA Real Listed on: 03/01/2024

Last Buyer's Agent

Stephaney Hincy

Real Broker, LLC DBA Real Listed on: 03/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1962

Lot Details

  • 9,500 Sq Ft Lot
  • Fenced Front Yard
  • Landscaped
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • 1,586 Sq Ft Home
  • Tri-Level Property
  • Shingle Roof
  • Stucco

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Fireplace in Basement
  • Laundry in Basement
  • Crawl Space

Accessible Home Design

  • Remote Devices

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital

Schools

  • Hunt Elementary School
  • North Middle School
  • Palmer High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Phone Available

Community Details

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,031

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Total Bathrooms: 2
  • LaundryFacilites: Basement
  • Property Attached Yn: No
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Sq Ft MainFloor: 494
  • Fill Sq Ft Total: 1586
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave Oven, Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Type: Basement
  • Floor Plan: Tri-Level
  • Flooring: Carpet, Luxury Vinyl, Wood
  • MainFloorBedroomYN: No
  • Finished Sq Ft: 1586
  • Sq Ft Lower Floor: 598

Exterior Features

  • New Construction: Existing Home
  • Fence: Front
  • Foundation Details: Crawl Space
  • Landscaped: All
  • Lot Type: Level, See Prop Desc Remarks
  • Lot Location: Hiking Trail, Near Hospital, Near Park, Near Public Transit
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Frame

Garage/Parking

  • Number Of Garage Remotes: 1
  • Garage Spaces: 1
  • Garage Type: Detached

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Connected, Telephone
  • Hot Water: Municipal

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Schools

  • School District: Colorado Springs 11
  • Elementary School: Hunt
  • Middle School: North
  • High School: Palmer
  • Elementary School: Hunt
  • High School: Palmer
  • Middle Or Junior School: North
  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.2181
  • Lot Size: 9500.0000

Tax Info

  • Flip Tax Amount: 1030.74
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2025
Sold by
Payneless Flips Llc
Bought by
Payne Eric A and Payne Sammy G
Current Estimated Value
$355,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,000
Outstanding Balance
$346,706
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$49,749

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 12, 2024
Sold by
Parada Rosella and Parada Olivia
Bought by
Payneless Flips Llc
Seller's Agent
Stephaney Hincy
Real Broker, LLC DBA Real
Buyer's Agent
Stephaney Hincy
Real Broker, LLC DBA Real
List Price
$395,000
Sold Price
$300,000
Premium/Discount to List
-$95,000
-24.05%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.20%
Original Mortgage
$334,800
Interest Rate
1.02%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 20, 2009
Sold by
Prada Olivia
Bought by
Parada Olivia

Purchase Details

Closed on
Jun 1, 2009
Sold by
Parada Orlando and Parada Paul
Bought by
Prada Olivia

Purchase Details

Closed on
Sep 3, 2004
Sold by
Parada Lucy and Parada Olivia
Bought by
Parada Lucy and Parada Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2004
Sold by
Parada Lucy
Bought by
Parada Lucy and Parada Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1978
Bought by
Parada Rosella
Source: Public Records

Range of Values:

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Average Value
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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
Payne Eric A -- Rocky Mountain Title
Payneless Flips Llc $300,000 None Listed On Document
Payneless Flips Llc $300,000 None Listed On Document
Payneless Flips Llc -- None Listed On Document
Parada Olivia -- None Available
Prada Olivia -- None Available
Parada Lucy -- --
Parada Lucy -- --
Parada Rosella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Eric A $347,000
Previous Owner Payneless Flips Llc $334,800
Previous Owner Parada Lucy $119,000
Previous Owner Parada Lucy $96,000
Previous Owner Parada Lucy $72,000
Previous Owner Parada Lucy $61,050
Previous Owner Parada Lucy $47,500
Previous Owner Parada Luc $40,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $300,000 -24.1% $189 / Sq Ft
03/01/2024 03/01/24 For Sale $395,000 -- $249 / 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 $1,255 $22,760 -- --
2024 $1,143 $27,000 $3,510 $23,490
2023 $1,143 $27,000 $3,510 $23,490
2022 $1,031 $18,420 $3,250 $15,170
2021 $1,119 $18,960 $3,350 $15,610
2020 $1,015 $14,950 $2,570 $12,380
2019 $1,009 $14,950 $2,570 $12,380
2018 $813 $11,080 $1,940 $9,140
2017 $770 $11,080 $1,940 $9,140
2016 $623 $10,750 $1,790 $8,960
2015 $621 $10,750 $1,790 $8,960
2014 $599 $9,960 $1,670 $8,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 8743706

Pikes Peak REALTOR® Services

APN: 64173-03-021