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2925 Sage Street

2925 Sage Street, Colorado Springs, CO 80907
Multifamily in Indian Heights
Sold Apr 29, 2019
$435,000
$1,065,000 by First Western Trust Bank
Mortgage
Sold Mar 03, 2016
$270,000
$202,500 by Mountain View Bank
Mortgage Due Mar 03, 2026
Local assessors in Colorado Springs, CO have categorized 2925 Sage Street as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 7,800 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2925 Sage Street has a total of 2,946 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Do you like to entertain? The home has a unknown so you'll have a great option in the 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 wood 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 - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Apr 25, 2019 for $435,000. That's $147.66 per sqft. Prior to that sales transaction, the property was also sold in Mar 3, 2016 for $270,000. 2925 Sage Street was last assessed in 2022. The total value of the property was assessed at $29,190. Specifically, the land the property is located on was valued at $4,640. While improvements on the property were assessed at a total of $24,550. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,633. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Floor Count: 1
  • Living Units: 4
  • Basement Type: Unspecified basement
  • Basement Area: 104
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 2,946
  • Gross Building Area: 2,946
  • Building Area: 2,946
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,946
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MESA SPRINGS ADD 3
  • Land Acres: 0.179
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: LOT 5 BLK 3 MESA SPRINGS ADD 3

Ownership

  • Current Owner : WEBB MICHAEL
  • Previous Owner : JLLK PROPERTIES LLC
  • Owner Before Previous Owner: ROBERTS PALMER L

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBY
  • Census Tract: 001104

Zoning

  • Zoning: R5 HS

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 73361-02-010
  • Block: 3
  • Lot: 5
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8755
  • Longitude: -104.838

    Address

  • Full Address: 2925 Sage St
  • Address - House Number: 2925
  • Address - Street Name: Sage
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C021
  • 4-Digit Zip Code: 8828
  • Zip Code: 80907

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,633
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.1365
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 84
  • Final Value: 708,532
  • High Value: 805,310
  • Low Value: 611,755

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,065,000
  • First Open Lien Mortgage Lender: FIRST WESTERN TRUST BANK
  • First Open Lien Mortgage Recording Date: Aug 09, 2022
  • First Open Lien Mortgage Loan Amount: $1,065,000
  • 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: $429,352
  • Market Land Value: $68,250
  • Market Improvement Value: $361,102

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,190
  • Assessed Land Value: $4,640
  • Assessed Improvements Value: $24,550

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: Apr 29, 2019
  • Current Sale Transaction ID: 11602027712
  • Current Sale Price: $435,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219044190
  • Previous Sale Recording Date: Mar 03, 2016
  • Previous Sale Contract Date: Mar 03, 2016
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTBANK
  • First Mortgage Transaction Date: Apr 29, 2019
  • First Mortgage Loan Amount: $348,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: May 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MOUNTAIN VIEW BANK
  • Previous Mortgage Transaction Date: Mar 03, 2016
  • Previous Mortgage Loan Amount: $202,500
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Mar 03, 2026

About Old Colorado City



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Frequently Asked Questions

What neighborhood is 2925 Sage Street located in?
The 2925 Sage Street is a multifamily located in the neighborhood of Indian Heights in Old Colorado City, Colorado Springs.
What is the average sales price for listings in 2925 Sage Street?
The average sales price for units in 2925 Sage Street is $0 currently.

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