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1201 La Paloma Way

1201 La Paloma Way, Colorado Springs, CO 80905
House in Skyway
Sold Feb 21, 2019
$570,000
$405,000 by Amerifirst Financial Inc
Mortgage Due May 01, 2052
Sold Jan 30, 2018
$350,000
1201 La Paloma Way in Colorado Springs, CO was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 2004. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1201 La Paloma Way has 2,370 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 11,280 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 567 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 stucco. While the interior walls are made of plaster. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with electricity. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1201 La Paloma Way sold most recently in Feb 20, 2019 for a total of $570,000. If you work out the math, that's approximately a cost of $194.08 per sqft. Before that, the property was also sold for $350,000 in Jan 29, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,570 in taxes each year. 1201 La Paloma Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,720. If we break it down further, the land itself was valued at $7,460. Improvements to the property, however, were assessed at a total of $30,260. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 567
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 11,280
  • Total Building Area: 2,937
  • Gross Building Area: 2,975
  • Building Area: 2,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,370
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRESTA VISTA
  • Land Acres: 0.259
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 7, PART OF LOT 6 BLK 3 CRESTA VISTA LY ELY OF LN DRAWN SLY FROM MOST NLY COR SD LOT 6, SD COR BEING COM TO LOT 6 + 7, TO PT ON SLY LN OF LOT 6 THAT IS 25 FT WLY FROM MOST ELY COR OF LOT 6

Ownership

  • Current Owner : VANNESS KENDRA L
  • Previous Owner : MUVENTURES LLC
  • Owner Before Previous Owner: ABBETT MATTHEW L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cheyenne Mountain School District 12
  • School Tax School District: GBD
  • Census Tract: 002502

Zoning

  • Zoning: R1-9

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 74264-05-001
  • Block: 3
  • Lot: 7,6
  • Municipality: CHEYENNE MOUNTAIN 12
  • Latitude: 38.8014
  • Longitude: -104.851

    Address

  • Full Address: 1201 La Paloma Way
  • Address - House Number: 1201
  • Address - Street Name: La Paloma
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C062
  • 4-Digit Zip Code: 7733
  • Zip Code: 80905

Valuation

    Tax

  • Total Area: 2,370
  • Tax Year: 2022
  • Tax Amount: $2,570
  • Tax Rate Code Area: GBD

    Appraisal Valuation

  • Standard Deviation: 0.1229
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 86
  • Final Value: 741,497
  • High Value: 832,651
  • Low Value: 650,343

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $405,000
  • First Open Lien Mortgage Lender: AMERIFIRST FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Apr 07, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $405,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $542,659
  • Market Land Value: $107,300
  • Market Improvement Value: $435,359

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,720
  • Assessed Land Value: $7,460
  • Assessed Improvements Value: $30,260

    Sales

  • Current Sale Contract Date: Feb 20, 2019
  • Current Sale Recording Date: Feb 21, 2019
  • Current Sale Transaction ID: 11572557086
  • Current Sale Price: $570,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219017925
  • Previous Sale Recording Date: Jan 30, 2018
  • Previous Sale Contract Date: Jan 29, 2018
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTHPOINTE BANK
  • First Mortgage Transaction Date: Feb 21, 2019
  • First Mortgage Loan Amount: $370,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Mar 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1201 La Paloma Way located in?
The 1201 La Paloma Way is a house located in the neighborhood of Skyway in Broadmoor, Colorado Springs.
What is the average sales price for listings in 1201 La Paloma Way?
The average sales price for units in 1201 La Paloma Way is $0 currently.

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