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2905 Galley Road

2905 Galley Road, Colorado Springs, CO 80909
Property in Knob Hill
2905 Galley Road in Colorado Springs, CO was first built in 1978 and is 46 years old. This has been categorized as a commercial property type. It is a single story home. 2905 Galley Road has 16,000 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 41,479 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 2905 Galley Road was last sold in Jan 18, 2023 for $2,430,000. According to our calculations, that's $151.88 per sqft. Prior to that sales transaction, the property was sold for $1,250,000 in Oct 31, 2013. Current property owners are expected to pay $22,981 in taxes per year. The property on 2905 Galley Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $410,680. To break that down further, the land itself was valued at $77,590. While improvements to the property were assessed at a total of $333,090. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Masonry
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 41,479
  • Total Building Area: 16,000
  • Gross Building Area: 16,000
  • Building Area: 16,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 16,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: J + M SUB FIL NO 3
  • Land Acres: 0.952
  • Standard Land Use Code: Commercial building
  • Legal Description 1: LOT 1 J + M SUB FIL NO 3 COLO SPGS

Ownership

  • Current Owner : MK1 PROPERTIES LLC
  • Previous Owner : KIM CHIN MAN
  • Owner Before Previous Owner: ROBERT M MIYAMOTO LIVING TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 002000

Zoning

  • Zoning: C5 UV

Geography

  • Assessors Map Reference: MP: 4103
  • Parcel: 64103-07-006
  • Lot: 1
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8467
  • Longitude: -104.774

    Address

  • Full Address: 2905 Galley Rd
  • Address - House Number: 2905
  • Address - Street Name: Galley
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C023
  • 4-Digit Zip Code: 5032
  • Zip Code: 80909

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,981
  • Tax Rate Code Area: FBC

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: ROCKY MOUNTAIN BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jan 20, 2023
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,416,138
  • Market Land Value: $267,540
  • Market Improvement Value: $1,148,598

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $410,680
  • Assessed Land Value: $77,590
  • Assessed Improvements Value: $333,090

    Sales

  • Current Sale Contract Date: Jan 18, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Transaction ID: 11901027415
  • Current Sale Price: $2,430,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 5742
  • Previous Sale Recording Date: Oct 31, 2013
  • Previous Sale Contract Date: Oct 31, 2013
  • Previous Sale Amount: $1,250,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKY MOUNTAIN BANK & TRUST
  • First Mortgage Transaction Date: Jan 20, 2023
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: INTEGRITY BANK & TRUST
  • Previous Mortgage Transaction Date: Oct 31, 2013
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $850,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About East Colorado Springs



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Frequently Asked Questions

What neighborhood is 2905 Galley Road located in?
The 2905 Galley Road is a located in the neighborhood of Knob Hill in East Colorado Springs, Colorado Springs.
What is the average sales price for listings in 2905 Galley Road?
The average sales price for units in 2905 Galley Road is $0 currently.

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