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10705 Milam Road

10705 Milam Road, Colorado Springs, CO 80908
House in El Paso
Sold Mar 04, 2020
$905,000
$724,000 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2035
10705 Milam Road in Colorado Springs, CO was first built in 1992 and is 32 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bi-level style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 10705 Milam Road has 3,533 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 392,040 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a spa or hot tub but no pool on the property. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a attached garage. The garage is 600 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of wood siding. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Mar 4, 2020 for $905,000. That's $155.07 per sqft. 10705 Milam Road was last assessed in 2022. The total value of the property was assessed at $63,400. Specifically, the land the property is located on was valued at $18,050. While improvements on the property were assessed at a total of $45,350. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,838. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,703
  • Garage Type: Attached
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 392,040
  • Total Building Area: 5,836
  • Gross Building Area: 6,196
  • Building Area: 3,533
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,533
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SANFORD SUB FIL NO 2
  • Land Acres: 9
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 1 SANFORD SUB FIL NO 2

Ownership

  • Current Owner : TKD TRUST
  • Previous Owner : BRACKEN EDWARD R
  • Previous Owner 2: BRACKEN LIVING TRUST
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Academy School District 20
  • School Tax School District: JCD
  • Census Tract: 007501

Zoning

  • Zoning: RR-5

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 62240-04-003
  • Lot: 1
  • Municipality: ACADEMY 20
  • Latitude: 38.9866
  • Longitude: -104.736

    Address

  • Full Address: 10705 Milam Rd
  • Address - House Number: 10705
  • Address - Street Name: Milam
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R031
  • 4-Digit Zip Code: 3913
  • Zip Code: 80908

Valuation

    Tax

  • Total Area: 5,327
  • Tax Year: 2022
  • Tax Amount: $4,838
  • Tax Rate Code Area: JCD

    Appraisal Valuation

  • Standard Deviation: 0.122
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 1,193,689
  • High Value: 1,339,393
  • Low Value: 1,047,985

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $724,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Mar 04, 2020
  • First Open Lien Mortgage Loan Amount: $724,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $912,225
  • Market Land Value: $259,700
  • Market Improvement Value: $652,525

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,400
  • Assessed Land Value: $18,050
  • Assessed Improvements Value: $45,350

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 04, 2020
  • Current Sale Transaction ID: 11744835617
  • Current Sale Price: $905,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 220031635

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Mar 04, 2020
  • First Mortgage Loan Amount: $724,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2035

About Black Forest



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,500 /mo

  • 3 Beds
  • 2.5 Baths
  • 3,194 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 10705 Milam Road located in?
The 10705 Milam Road is a house located in the neighborhood of El Paso in Black Forest, Colorado Springs.
What is the average sales price for listings in 10705 Milam Road?
The average sales price for units in 10705 Milam Road is $0 currently.

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