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187 Millstream Terrace

187 Millstream Terrace, Colorado Springs, CO 80905
Sold Aug 28, 2020
$460,000
$437,000 by Draper & Kramer Mortgage Corp
Mortgage Due Sep 01, 2050
Sold Jun 24, 2008
$330,000
Buyer
Seller
$297,000 by John Laing Mortgage
Mortgage Due Jul 01, 2038
187 Millstream Terrace 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 2007 and is 17 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 187 Millstream Terrace has 2,357 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,300 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level 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 680 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. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery 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, 187 Millstream Terrace sold most recently in Aug 28, 2020 for a total of $460,000. If you work out the math, that's approximately a cost of $108.80 per sqft. Before that, the property was also sold for $330,000 in Jun 16, 2008. 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 $3,091 in taxes each year. 187 Millstream Terrace was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $29,540. If we break it down further, the land itself was valued at $5,210. Improvements to the property, however, were assessed at a total of $24,330. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • 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
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,191
  • Garage Type: Attached
  • Garage Square Area: 680
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 4,300
  • Total Building Area: 4,228
  • Gross Building Area: 4,329
  • Building Area: 2,357
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,357
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLD HILL MESA FIL NO 1A
  • Land Acres: 0.099
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 55 GOLD HILL MESA FIL NO 1A

Ownership

  • Current Owner : LAWRENCE BENJAMIN W
  • Current Owner 2: LAWRENCE MAUREEN S
  • Previous Owner : GOLICH DEAN
  • Previous Owner 2: GOLICH LINDSAY
  • Owner Before Previous Owner: WL HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FDP
  • Census Tract: 002402

Zoning

  • Zoning: TND

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 74144-21-032
  • Lot: 55
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8294
  • Longitude: -104.854

    Address

  • Full Address: 187 Millstream Ter
  • Address - House Number: 187
  • Address - Street Name: Millstream
  • Address - Suffix Type: Ter
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C009
  • 4-Digit Zip Code: 4430
  • Zip Code: 80905

Valuation

    Tax

  • Total Area: 3,548
  • Tax Year: 2022
  • Tax Amount: $3,091
  • Tax Rate Code Area: FDP

    Appraisal Valuation

  • Standard Deviation: 0.1514
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 81
  • Final Value: 619,246
  • High Value: 713,025
  • Low Value: 525,468

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $437,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 28, 2020
  • First Open Lien Mortgage Loan Amount: $437,000
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $425,101
  • Market Land Value: $75,000
  • Market Improvement Value: $350,101

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,540
  • Assessed Land Value: $5,210
  • Assessed Improvements Value: $24,330

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Aug 28, 2020
  • Current Sale Transaction ID: 11784645354
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 220132609
  • Previous Sale Recording Date: Jun 24, 2008
  • Previous Sale Contract Date: Jun 16, 2008
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 28, 2020
  • First Mortgage Loan Amount: $437,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: JOHN LAING MORTGAGE
  • Previous Mortgage Transaction Date: Jun 24, 2008
  • Previous Mortgage Loan Amount: $297,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2038

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Frequently Asked Questions

What neighborhood is 187 Millstream Terrace located in?
The 187 Millstream Terrace is a located in the neighborhood of Central Colorado City in Central Colorado City, Colorado Springs.
What is the average sales price for listings in 187 Millstream Terrace?
The average sales price for units in 187 Millstream Terrace is $0 currently.

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