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264 Terrace Court

264 Terrace Court, Grand Junction, CO 81503
Property in Terrace Estates
Sold Jul 27, 2007
$227,500
$190,967 by Bay Equity Llc
Mortgage Due Aug 01, 2046
Sold May 05, 2005
$159,500
$151,525 by Fidelity Mortgage Co
Mortgage Due May 01, 2035
264 Terrace Court has been categorized by the local assessors in Grand Junction, CO as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 264 Terrace Court has 1,371 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 6,791 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 garage for those who require parking. The garage measured 497 sqft. Residents will have the luxury of enjoying a unknown. 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. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. 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, 264 Terrace Court sold most recently in Jul 20, 2007 for a total of $227,500. If you work out the math, that's approximately a cost of $105.42 per sqft. Before that, the property was also sold for $159,500 in Apr 29, 2005. 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 $1,308 in taxes each year. 264 Terrace Court was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,760. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $13,260. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • 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
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 497
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,791
  • Total Building Area: 2,158
  • Gross Building Area: 2,158
  • Building Area: 1,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,371
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TERRACE ESTATES
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 TERRACE ESTATES SEC 30 1S 1E

Ownership

  • Current Owner : SLAPE MILES P
  • Current Owner 2: SLAPE MELISSA B
  • Previous Owner : OLSON LYNETTE A
  • Previous Owner 2: BOYACK LYNETTE A
  • Owner Before Previous Owner: PARKER SALLY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Mesa County Valley School District 51
  • Census Tract: 001304

Geography

  • Account Number: R048409
  • Parcel: R048409
  • Block: 49
  • Lot: 12
  • Meridian: SEC 30 TWN 01S RNG 001E
  • Latitude: 39.0429
  • Longitude: -108.53

    Address

  • Full Address: 264 Terrace Ct
  • Address - House Number: 264
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ct
  • State: CO
  • City Name: Grand Junction
  • Carrier Code: C054
  • 4-Digit Zip Code: 3122
  • Zip Code: 81503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,308
  • Tax Rate Code Area: 11275

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 370,047
  • High Value: 432,397
  • Low Value: 307,696

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $215,967
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Jul 29, 2016
  • First Open Lien Mortgage Loan Amount: $190,967
  • 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: Aug 01, 2046
  • Second Open Lien Mortgage Lender: HOME LOAN STATE BANK
  • Second Open Lien Mortgage Recording Date: Jan 20, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jan 13, 2031

    Market Valuation

  • Market Total Value: $226,730
  • Market Land Value: $36,000
  • Market Improvement Value: $190,730

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,760
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $13,260

    Sales

  • Current Sale Contract Date: Jul 20, 2007
  • Current Sale Recording Date: Jul 27, 2007
  • Current Sale Transaction ID: 1062813674
  • Current Sale Price: $227,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2393293
  • Previous Sale Recording Date: May 05, 2005
  • Previous Sale Contract Date: Apr 29, 2005
  • Previous Sale Amount: $159,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIDELITY MORTGAGE CO
  • First Mortgage Transaction Date: Jul 27, 2007
  • First Mortgage Loan Amount: $203,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: FIDELITY MORTGAGE CO
  • Previous Mortgage Transaction Date: May 05, 2005
  • Previous Mortgage Loan Amount: $151,525
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Village Nine



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Frequently Asked Questions

What neighborhood is 264 Terrace Court located in?
The 264 Terrace Court is a located in the neighborhood of Terrace Estates in Village Nine, Grand Junction.
What is the average sales price for listings in 264 Terrace Court?
The average sales price for units in 264 Terrace Court is $0 currently.

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