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2775 Bermuda Circle

2775 Bermuda Circle, Colorado Springs, CO 80917
Property in Village Seven
Sold Jul 15, 2019
$460,000
$425,500 by Nationstar Mortgage Llc
Mortgage Due Oct 01, 2050
Sold May 11, 2018
$427,000
$334,000 by Ent Cu
Mortgage Due Jun 01, 2048
Local assessors in Colorado Springs, CO have categorized 2775 Bermuda Circle as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 30,800 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 9 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2775 Bermuda Circle has a total of 2,927 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,005 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 1,051 sqft. There are 4 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 - B. The building has a gable or hip style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2775 Bermuda Circle sold most recently in Jul 11, 2019 for a total of $460,000. If you work out the math, that's approximately a cost of $105.99 per sqft. Before that, the property was also sold for $427,000 in May 7, 2018. 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 $1,867 in taxes each year. 2775 Bermuda Circle was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $33,370. If we break it down further, the land itself was valued at $6,670. Improvements to the property, however, were assessed at a total of $26,700. 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. 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!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

Parking Available
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: Partial basement
  • Basement Area: 1,005
  • Garage Type: Attached
  • Garage Square Area: 1,051
  • Parking Space Count: 4
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 30,800
  • Total Building Area: 4,340
  • Gross Building Area: 4,492
  • Building Area: 2,927
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,927
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE BLUFFS FIL NO 3
  • Land Acres: 0.707
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 4 BLK 5 THE BLUFFS FIL NO 3 COLO SPGS

Ownership

  • Current Owner : CHAVARRIA NICK L
  • Current Owner 2: CHAVARRIA SUSANNE
  • Previous Owner : NOEL SCOTT ALLEN
  • Previous Owner 2: NOEL SARAH LEANNE
  • Owner Before Previous Owner: CALDWELL DENNIS R
  • Owner Before Previous Owner 2: CALDWELL CAROL J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 005700

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63354-07-016
  • Block: 5
  • Lot: 4
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8721
  • Longitude: -104.746

    Address

  • Full Address: 2775 Bermuda Cir
  • Address - House Number: 2775
  • Address - Street Name: Bermuda
  • Address - Suffix Type: Cir
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C016
  • 4-Digit Zip Code: 3643
  • Zip Code: 80917

Valuation

    Tax

  • Total Area: 3,289
  • Tax Year: 2022
  • Tax Amount: $1,867
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1187
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 87
  • Final Value: 622,795
  • High Value: 696,761
  • Low Value: 548,829

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $425,500
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 21, 2020
  • First Open Lien Mortgage Loan Amount: $425,500
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $480,156
  • Market Land Value: $96,000
  • Market Improvement Value: $384,156

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,370
  • Assessed Land Value: $6,670
  • Assessed Improvements Value: $26,700

    Sales

  • Current Sale Contract Date: Jul 11, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Transaction ID: 11625822256
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219079347
  • Previous Sale Recording Date: May 11, 2018
  • Previous Sale Contract Date: May 07, 2018
  • Previous Sale Amount: $427,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 15, 2019
  • First Mortgage Loan Amount: $424,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: ENT CU
  • Previous Mortgage Transaction Date: May 11, 2018
  • Previous Mortgage Loan Amount: $334,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2048

About Powers



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Frequently Asked Questions

What neighborhood is 2775 Bermuda Circle located in?
The 2775 Bermuda Circle is a located in the neighborhood of Village Seven in Powers, Colorado Springs.
What is the average sales price for listings in 2775 Bermuda Circle?
The average sales price for units in 2775 Bermuda Circle is $0 currently.

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