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2440 Lexington Village Lane

2440 Lexington Village Lane, Colorado Springs, CO 80916
Property in Gateway Park
Sold Sep 16, 2022
$308,000
$315,084 by Home Loan Expert Llc
Mortgage Due Oct 01, 2052
Sold Jul 28, 2017
$121,900
$113,243 by Bay Equity Llc
Mortgage Due Aug 01, 2047
2440 Lexington Village Lane 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 1983 and is 41 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2440 Lexington Village Lane has 1,037 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 503 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. Residents will have the luxury of enjoying 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 C 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 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, 2440 Lexington Village Lane sold most recently in Sep 16, 2022 for a total of $308,000. If you work out the math, that's approximately a cost of $199.10 per sqft. Before that, the property was also sold for $121,900 in Jul 26, 2017. 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 $599 in taxes each year. 2440 Lexington Village Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $11,100. If we break it down further, the land itself was valued at $2,450. Improvements to the property, however, were assessed at a total of $8,650. 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

Assigned Parking
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: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • 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: 510
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 503
  • Total Building Area: 1,547
  • Gross Building Area: 1,547
  • Building Area: 1,037
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,037
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIT5 BLDG M IN LEXINGTON VILLAGE CONDO
  • Land Acres: 0.012
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDOMINIUM UNIT5 BLDG M IN LEXINGTON VILLAGE CONDOMINIUMS PHASE III IN ACCORDANCE WITH THE 2ND SUPPLEMENT TO THE CONDOMINIUM DECLARATION RECORDED NOVEMBER 7, 1983 IN BK 3801 AT PG 378 AND THE CONDOMINIUM PLAT RECORDED NOVEMBER 8, 1983 IN PLAT BK 3 A

Ownership

  • Current Owner : TINSON ALICIA
  • Current Owner 2: TINSON CHINO
  • Previous Owner : SHANNETTE LOPEZ KYLA
  • Owner Before Previous Owner: MYERS BLYTHE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Harrison School District 2
  • School Tax School District: CB3
  • Census Tract: 006501

Zoning

  • Zoning: R5 AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 64264-28-090
  • Block: M
  • Municipality: HARRISON 2
  • Latitude: 38.7983
  • Longitude: -104.742

    Address

  • Full Address: 2440 Lexington Village Ln
  • Address - House Number: 2440
  • Address - Street Name: Lexington Village
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C030
  • 4-Digit Zip Code: 2674
  • Zip Code: 80916

Valuation

    Tax

  • Total Area: 1,547
  • Tax Year: 2022
  • Tax Amount: $599
  • Tax Rate Code Area: CB3

    Appraisal Valuation

  • Standard Deviation: 0.1333
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 84
  • Final Value: 260,953
  • High Value: 295,760
  • Low Value: 226,146

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,084
  • First Open Lien Mortgage Lender: HOME LOAN EXPERT LLC
  • First Open Lien Mortgage Recording Date: Sep 16, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $315,084
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052

    Market Valuation

  • Market Total Value: $159,705
  • Market Land Value: $35,200
  • Market Improvement Value: $124,505

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,100
  • Assessed Land Value: $2,450
  • Assessed Improvements Value: $8,650

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 16, 2022
  • Current Sale Transaction ID: 11896114384
  • Current Sale Price: $308,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 120682
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Contract Date: Jul 26, 2017
  • Previous Sale Amount: $121,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME LOAN EXPERT LLC
  • First Mortgage Transaction Date: Sep 16, 2022
  • First Mortgage Loan Amount: $315,084
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BAY EQUITY LLC
  • Previous Mortgage Transaction Date: Jul 28, 2017
  • Previous Mortgage Loan Amount: $113,243
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2047

About Powers



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Frequently Asked Questions

What neighborhood is 2440 Lexington Village Lane located in?
The 2440 Lexington Village Lane is a located in the neighborhood of Gateway Park in Powers, Colorado Springs.
What is the average sales price for listings in 2440 Lexington Village Lane?
The average sales price for units in 2440 Lexington Village Lane is $0 currently.

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