NOT LISTED FOR SALE

Estimated Value: $573,749 - $637,000

3 Beds
3 Baths
1,784 Sq Ft
$339/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $585,000 $328 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,553/month

59 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Memorial Park
  • 1-Story Property
  • Wood Siding

About This Home

As of September 2023

Buy 3 single family homes on one parcel of a land! Tucked away in the heart of the charming town of Manitou Springs. These historic homes offers the opportunity to earn rental income with the neighboring cottages. 9 is a 2 bedroom home with a large living room and another bonus room. 9.5 has a large walk in closet in the primary bedroom plus an all seasons room off the living space. 11 is a 1 bedroom home with lots of windows that provides plenty of natural light. A recorded parking easement exists on 15 for additional parking spaces. There is plenty of opportunity left in this property allowing the buyer to improve value with simple updating. Walking distance to downtown Manitou Springs where there is shopping, restaurants, brewery, and more. These homes sit on a dead end street meaning low traffic volume and an overall quiet neighborhood. A short drive to Garden of the Gods, Red Rocks Open Space, Colorado Springs Downtown, Old Colorado City, and US24/I25 for a fast commute.

Last Agent to Sell the Property

Colin Smith

Solid Rock Realty License #100052152 Listed on: 06/04/2023

Last Buyer's Agent

Blake Allen

Allen Realty License #1186445

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,039

Year Built

  • Built in 1909

Lot Details

  • 8,866 Sq Ft Lot
  • No Common Walls

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Schools

  • Manitou Springs Elementary And Middle School
  • Manitou Springs High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • The Cree Subdivision

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 74054-02-040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,039

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 1784
  • Exclusions: None.
  • Living Area: 1784
  • Directions: From I25 & US24, head west on US24. Exit US24 for Manitou Ave. Left on Deer Path Avenue. Left on Elk Path. Property on the left.
  • SubdivisionName: The Cree
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 220.00
  • REC_RVSpaces: 0
  • Special Features: VirtualTour

Interior Features

  • Common Walls: No Common Walls
  • Basement: Unfinished
  • Basement: Yes
  • Total Bedrooms: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Attached Garage: No
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Manitou Springs

Lot Info

  • Parcel Number: 74054-02-040
  • Lot Size Acres: 0.2
  • Building Area Total: 2004
  • Lot Size Sq Ft: 8866
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2039

MLS Schools

  • Elementary School: Manitou Springs
  • High School: Manitou Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2023
Closed on
Oct 5, 2023
Sold by
Restivo Thomas and Restivo Heather
Bought by
Affitto Restivo Llc 2
Seller's Agent
Colin Smith
Solid Rock Realty
Buyer's Agent
Blake Allen
Allen Realty
List Price
$700,000
Sold Price
$585,000
Premium/Discount to List
-$115,000
-16.43%
Views
153
Current Estimated Value
$605,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,375
Avg. Annual Appreciation
1.62%
Original Mortgage
$438,750
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2023
Closed on
Sep 5, 2023
Sold by
Bonnie Sutherland Llc
Bought by
Restivo Thomas and Restivo Heather
Seller's Agent
Colin Smith
Solid Rock Realty
Buyer's Agent
Blake Allen
Allen Realty
List Price
$700,000
Sold Price
$585,000
Premium/Discount to List
-$115,000
-16.43%
Views
153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
6.78%
Mortgage Type
New Conventional
Source: Public Records

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    Section Image

Range of Values:

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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
Affitto Restivo Llc 2 -- None Listed On Document
Restivo Thomas $585,000 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Affitto Restivo Llc 2 $456,000
Closed Restivo Thomas $438,750
Previous Owner Cree Cherie Ann $168,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $585,000 -2.5% $328 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $600,000 -4.0% $336 / Sq Ft
07/21/2023 07/21/23 Price Changed $625,000 -1.6% $350 / Sq Ft
07/17/2023 07/17/23 Price Changed $635,000 -2.3% $356 / Sq Ft
06/26/2023 06/26/23 Price Changed $650,000 -3.7% $364 / Sq Ft
06/15/2023 06/15/23 Price Changed $675,000 -3.6% $378 / Sq Ft
06/03/2023 06/03/23 For Sale $700,000 -- $392 / 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
2024 $2,318 $37,850 $4,990 $32,860
2022 $2,039 $27,580 $4,710 $22,870
2021 $2,124 $28,360 $4,840 $23,520
2020 $1,861 $23,670 $4,030 $19,640
2019 $1,977 $23,670 $4,030 $19,640
2018 $1,351 $20,810 $3,130 $17,680
2017 $1,619 $20,810 $3,130 $17,680
2016 $1,580 $20,310 $3,140 $17,170
2015 -- $20,310 $3,140 $17,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6044225

REcolorado®

APN: 74054-02-040