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1231 North Franklin Street

1231 North Franklin Street, Colorado Springs, CO 80903
Property in Patty Jewett
Sold Jul 25, 2022
$430,000
$344,000 by United Wholesale Mortgage Llc
Mortgage Due Aug 01, 2052
Sold Jan 22, 2018
$255,000
$250,381 by Northpointe Bank
Mortgage Due Feb 01, 2048
1231 North Franklin Street in Colorado Springs, CO was first built in 1904 and is 120 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 ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1231 North Franklin Street has 1,122 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 4,450 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 detached garage. The garage is 215 sqft. There is one available parking space. 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 C. The exterior walls of the home are made of wood siding. While the interior walls are made of plaster. As for heating, the home is utilizing a gravity heating system. 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 North Franklin Street was last sold in Jul 25, 2022 for $430,000. According to our calculations, that's $282.89 per sqft. Prior to that sales transaction, the property was sold for $255,000 in Jan 19, 2018. Current property owners are expected to pay $1,245 in taxes per year. The property on 1231 North Franklin Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $22,250. To break that down further, the land itself was valued at $4,170. While improvements to the property were assessed at a total of $18,080. 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. 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!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: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 398
  • Garage Type: Detached
  • Garage Square Area: 215
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 4,450
  • Total Building Area: 1,520
  • Gross Building Area: 1,652
  • Building Area: 1,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gravity
  • Heated Square Feet: 1,122
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLUMBIA ADD
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: W 88.9 FT OF LOT 1 BLK 4 COLUMBIA ADD COLO SPGS

Ownership

  • Current Owner : CARLAND NICHOLAS J
  • Current Owner 2: REYNOLDS INGA A
  • Previous Owner : LEIGH MORALES AMANDA
  • Owner Before Previous Owner: FITZWATER BRADACH B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 000900

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Aug 14, 2066
  • Parcel: 64082-12-004
  • Block: 4
  • Lot: 1
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8515
  • Longitude: -104.811

    Address

  • Full Address: 1231 N Franklin St
  • Address - House Number: 1231
  • Street Direction: N
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C011
  • 4-Digit Zip Code: 2525
  • Zip Code: 80903

Valuation

    Tax

  • Total Area: 1,520
  • Tax Year: 2022
  • Tax Amount: $1,245
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 458,801
  • High Value: 509,693
  • Low Value: 407,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $344,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 25, 2022
  • First Open Lien Mortgage Loan Amount: $344,000
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $320,092
  • Market Land Value: $60,000
  • Market Improvement Value: $260,092

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,250
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $18,080

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Transaction ID: 11892670910
  • Current Sale Price: $430,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 99693
  • Previous Sale Recording Date: Jan 22, 2018
  • Previous Sale Contract Date: Jan 19, 2018
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 25, 2022
  • First Mortgage Loan Amount: $344,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NORTHPOINTE BANK
  • Previous Mortgage Transaction Date: Jan 22, 2018
  • Previous Mortgage Loan Amount: $250,381
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2048

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Frequently Asked Questions

What neighborhood is 1231 North Franklin Street located in?
The 1231 North Franklin Street is a located in the neighborhood of Patty Jewett in East Colorado Springs, Colorado Springs.
What is the average sales price for listings in 1231 North Franklin Street?
The average sales price for units in 1231 North Franklin Street is $0 currently.

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