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1231 Dream Lake Court

1231 Dream Lake Court, Colorado Springs, CO 80921
House in Trailridge
Sold May 15, 2018
$398,000
$198,000 by Ent Cu
Mortgage Due Jun 01, 2048
Sold Jun 25, 2010
$290,000
$164,800 by Megastar Financial Corp
Mortgage Due Jul 01, 2025
1231 Dream Lake Court has been categorized by the local assessors in Colorado Springs, CO as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1231 Dream Lake Court has 2,754 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,465 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 7,446 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 430 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a covered porch and a patio. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1231 Dream Lake Court was last sold in May 14, 2018 for $398,000. According to our calculations, that's $117.33 per sqft. Prior to that sales transaction, the property was sold for $290,000 in Jun 25, 2010. Current property owners are expected to pay $1,830 in taxes per year. The property on 1231 Dream Lake Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $27,650. To break that down further, the land itself was valued at $6,390. While improvements to the property were assessed at a total of $21,260. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • 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: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,465
  • Garage Type: Attached
  • Garage Square Area: 430
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 7,446
  • Total Building Area: 3,392
  • Gross Building Area: 3,457
  • Building Area: 2,754
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,754
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRAIL RIDGE AT NORTHGATE FIL NO 5
  • Land Acres: 0.171
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 17 TRAIL RIDGE AT NORTHGATE FIL NO 5

Ownership

  • Current Owner : ADAMS LESLIE A
  • Previous Owner : GONCALVES AUGUSTO J
  • Previous Owner 2: GONCALVES ANA M
  • Owner Before Previous Owner: THE STERNS REVOCABLE TRSUT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Academy School District 20
  • School Tax School District: JCV
  • Census Tract: 007206

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 62171-01-023
  • Lot: 17
  • Municipality: ACADEMY 20
  • Latitude: 39.0092
  • Longitude: -104.802

    Address

  • Full Address: 1231 Dream Lake Ct
  • Address - House Number: 1231
  • Address - Street Name: Dream Lake
  • Address - Suffix Type: Ct
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R009
  • 4-Digit Zip Code: 3656
  • Zip Code: 80921

Valuation

    Tax

  • Total Area: 2,962
  • Tax Year: 2022
  • Tax Amount: $1,830
  • Tax Rate Code Area: JCV

    Appraisal Valuation

  • Standard Deviation: 0.1205
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 86
  • Final Value: 601,505
  • High Value: 674,003
  • Low Value: 529,006

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $198,000
  • First Open Lien Mortgage Lender: ENT CU
  • First Open Lien Mortgage Recording Date: May 15, 2018
  • First Open Lien Mortgage Loan Amount: $198,000
  • 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: Jun 01, 2048

    Market Valuation

  • Market Total Value: $397,943
  • Market Land Value: $92,000
  • Market Improvement Value: $305,943

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,650
  • Assessed Land Value: $6,390
  • Assessed Improvements Value: $21,260

    Sales

  • Current Sale Contract Date: May 14, 2018
  • Current Sale Recording Date: May 15, 2018
  • Current Sale Transaction ID: 11464345632
  • Current Sale Price: $398,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 218055050
  • Previous Sale Recording Date: Jun 25, 2010
  • Previous Sale Contract Date: Jun 25, 2010
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENT CU
  • First Mortgage Transaction Date: May 15, 2018
  • First Mortgage Loan Amount: $198,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: MEGASTAR FINANCIAL CORP
  • Previous Mortgage Transaction Date: Jun 25, 2010
  • Previous Mortgage Loan Amount: $164,800
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2025

About Trailridge



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Frequently Asked Questions

What neighborhood is 1231 Dream Lake Court located in?
The 1231 Dream Lake Court is a house located in the neighborhood of Trailridge in Trailridge, Colorado Springs.
What is the average sales price for listings in 1231 Dream Lake Court?
The average sales price for units in 1231 Dream Lake Court is $0 currently.

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