NOT LISTED FOR SALE

Estimated Value: $400,000 - $440,000

2 Beds
2 Baths
1,408 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $420,000 $298 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,430/month

12 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Shed
  • Main Floor Bedroom
  • 1 Car Attached Garage
  • Forced Air Heating System

About This Home

As of March 2024

Welcome to this charming downtown bungalow, a haven of warmth and possibility. This delightful home, exuding coziness, has been cherished over the years and beckons with numerous opportunities. As you step into the inviting family room, the hardwood floors set the tone for a comfortable and welcoming space, perfect for gatherings or quiet evenings. The spacious kitchen is a hub of activity, offering ample room for culinary creations and shared meals. The home features two bedrooms, connected by a convenient Jack 'N' Jill bathroom, providing a functional layout for comfortable living. What makes this property truly exceptional is the additional upper-level apartment, creating the potential for extra income or multi-family living. With its separate entrance, the studio apartment has been recently refreshed and boasts a cozy fireplace, kitchen, and a private bathroom, ready to welcome a tenant or extended family members. A cleverly converted garage adds to the versatility of this home, offering additional living space options. This space also serves as a shared laundry room for both the main home and the upper apartment, providing convenience and practicality. Outside, the property sits on a nice lot, offering ample space for outdoor activities. A one-car garage provides secure parking, while a great shed with power opens up possibilities for use as an office, play shed, or any other creative endeavor. In summary, this downtown bungalow is more than just a home; it's an opportunity waiting to be explored. Whether you're looking for a cozy home, a rental investment, or a flexible living arrangement, this home has it all. Come and discover the endless possibilities that await in this well-loved and thoughtfully designed property.

Last Agent to Sell the Property

Jennifer Browne

Exp Realty LLC Listed on: 02/08/2024

Exp Realty LLC

Last Buyer's Agent

Christy Nixon

Exp Realty LLC

Exp Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1924

Lot Details

  • 4,944

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 1,408 Sq Ft Home
  • 1.5-Story Property
  • Fireplace
  • Partial Basement
  • Oven

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • Shed
  • 4,944 Sq Ft Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,107

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Total Bathrooms: 2
  • LaundryFacilites: Lower
  • Property Attached Yn: No
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Sq Ft MainFloor: 660
  • Fill Sq Ft Total: 1408
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Alley: Other
  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Type: One, Upper Level
  • Floor Plan: 1.5 Story
  • Flooring: Carpet, Wood
  • MainFloorBedroomYN: Yes
  • Finished Sq Ft: 1144
  • Sq Ft Total Bsmt: 264

Exterior Features

  • New Construction: Existing Home
  • Foundation Details: Partial Basement
  • Lot Type: See Prop Desc Remarks
  • Out Buildings: Storage Shed
  • Roof: Composite Shingle
  • Exterior Construction: See Prop Desc Remarks
  • Structure: Framed on Lot

Garage/Parking

  • GarageAmenitities: See Prop Desc Remarks
  • Garage Spaces: 1
  • Garage Type: Attached

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annual

Schools

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

Lot Info

  • Program Acres Total: 0.1135
  • Lot Size: 4945.0000

Tax Info

  • Flip Tax Amount: 1107.41
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Mar 26, 2024
Sold by
Mcelroy Joseph and Mcelroy William O
Bought by
Mcelroy Joseph and Mcelroy William O
Seller's Agent
Jennifer Browne
Exp Realty LLC
Buyer's Agent
Christy Nixon
Exp Realty LLC
List Price
$429,900
Sold Price
$420,000
Premium/Discount to List
-$9,900
-2.3%
Views
24
Current Estimated Value
$417,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,708
Avg. Annual Appreciation
0.10%
Original Mortgage
$399,000
Outstanding Balance
$393,659
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$26,905

Purchase Details

Listed on
Feb 8, 2024
Closed on
Mar 22, 2024
Sold by
Occhuito Janice Marie and Kelly Patrick J
Bought by
Mcelroy Joseph and Mcelroy William O
Seller's Agent
Jennifer Browne
Exp Realty LLC
Buyer's Agent
Christy Nixon
Exp Realty LLC
List Price
$429,900
Sold Price
$420,000
Premium/Discount to List
-$9,900
-2.3%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Outstanding Balance
$393,659
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$26,905

Purchase Details

Closed on
Dec 22, 2014
Sold by
Richardson Carol
Bought by
Kelly Robert J and Richardson Robert

Purchase Details

Closed on
Aug 5, 1991
Bought by
Kelly Robert J Life Estate

Purchase Details

Closed on
Feb 5, 1991
Bought by
Kelly Robert J Life Estate

Purchase Details

Closed on
Apr 1, 1984
Bought by
Kelly Robert J Life Estate

Purchase Details

Closed on
Mar 1, 1977
Bought by
Kelly Robert J Life Estate
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
Mcelroy Joseph -- Stewart Title
Richardson Carol $105,000 None Listed On Document
Mcelroy Joseph $315,000 Stewart Title Company
Kelly Robert J -- None Available
Kelly Robert J Life Estate $60,000 --
Kelly Robert J Life Estate -- --
Kelly Robert J Life Estate -- --
Kelly Robert J Life Estate -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy Joseph $399,000
Previous Owner Kelly Janice Claire $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $420,000 -2.3% $298 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $429,900 -- $305 / 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 $1,495 $31,810 -- --
2024 $1,381 $31,350 $5,030 $26,320
2023 $1,381 $31,350 $5,030 $26,320
2022 $1,107 $19,790 $4,170 $15,620
2021 $1,201 $20,360 $4,290 $16,070
2020 $1,182 $17,420 $3,580 $13,840
2019 $1,176 $17,420 $3,580 $13,840
2018 $1,122 $15,290 $2,740 $12,550
2017 $1,063 $15,290 $2,740 $12,550
2016 $844 $14,550 $2,440 $12,110
2015 $840 $14,550 $2,440 $12,110
2014 $803 $13,350 $2,440 $10,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 3058013

Pikes Peak REALTOR® Services

APN: 64082-15-003