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1825 Palm Drive

1825 Palm Drive, Colorado Springs, CO 80918
Sold Mar 10, 2023
$395,500
$388,335 by Zenith Home Loans, Llc
Mortgage Due Apr 01, 2053
Sold Sep 30, 2015
$187,500
$168,750 by Us Bank Na
Mortgage Due Oct 01, 2045
Local assessors in Colorado Springs, CO have categorized 1825 Palm Drive as a residential type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 9,034 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1825 Palm Drive has a total of 1,345 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 419 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a covered porch and a patio so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 1825 Palm Drive was last sold in Mar 10, 2023 for $395,500. According to our calculations, that's $224.21 per sqft. Prior to that sales transaction, the property was sold for $187,500 in Aug 25, 2015. Current property owners are expected to pay $1,081 in taxes per year. The property on 1825 Palm Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,310. To break that down further, the land itself was valued at $3,960. While improvements to the property were assessed at a total of $15,350. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Masonite Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 419
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 9,034
  • Total Building Area: 1,764
  • Gross Building Area: 1,789
  • Building Area: 1,345
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,345
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY PARK FIL NO 3
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 14 BLK 1 UNIVERSITY PARK FIL NO 3 COLO SPGS

Ownership

  • Current Owner : LOSE ASHLEY DENISE
  • Current Owner 2: LOSE JOHN FRANCIS
  • Previous Owner : VANDERBEEK MICHAEL J
  • Owner Before Previous Owner: PEREA GREGORY G
  • Owner Before Previous Owner 2: PEREA ANITA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 007802

Zoning

  • Zoning: R1-9 HS

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63282-06-006
  • Block: 1
  • Lot: 14
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8913
  • Longitude: -104.792

    Address

  • Full Address: 1825 Palm Dr
  • Address - House Number: 1825
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C002
  • 4-Digit Zip Code: 7810
  • Zip Code: 80918

Valuation

    Tax

  • Total Area: 1,345
  • Tax Year: 2022
  • Tax Amount: $1,081
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1173
  • Valuation Date: May 24, 2023
  • Confidence Score: 87
  • Final Value: 399,867
  • High Value: 446,793
  • Low Value: 352,941

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $401,244
  • First Open Lien Mortgage Lender: ZENITH HOME LOANS, LLC
  • First Open Lien Mortgage Recording Date: Mar 10, 2023
  • First Open Lien Mortgage Loan Amount: $388,335
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053
  • Second Open Lien Mortgage Recording Date: Mar 10, 2023
  • Second Open Lien Mortgage Loan Amount: $12,909
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Market Valuation

  • Market Total Value: $277,809
  • Market Land Value: $57,000
  • Market Improvement Value: $220,809

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,310
  • Assessed Land Value: $3,960
  • Assessed Improvements Value: $15,350

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Transaction ID: 11903572269
  • Current Sale Price: $395,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19783
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Contract Date: Aug 25, 2015
  • Previous Sale Amount: $187,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ZENITH HOME LOANS, LLC
  • First Mortgage Transaction Date: Mar 10, 2023
  • First Mortgage Loan Amount: $388,335
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2053
  • Second Mortgage Loan Amount: $12,909

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Sep 30, 2015
  • Previous Mortgage Loan Amount: $168,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About Northeast Colorado Springs



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Frequently Asked Questions

What neighborhood is 1825 Palm Drive located in?
The 1825 Palm Drive is a house located in the neighborhood of Garden Ranch in Northeast Colorado Springs, Colorado Springs.
What is the average sales price for listings in 1825 Palm Drive?
The average sales price for units in 1825 Palm Drive is $0 currently.

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