3012 West Colorado Avenue

Local assessors in Colorado Springs, CO have categorized 3012 West Colorado Avenue as a commercial type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 7,200 square feet. 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 3012 West Colorado Avenue has a total of 1,200 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. 3012 West Colorado Avenue is a 3 code building. This 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". 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 masonry 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 central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 3012 West Colorado Avenue was last sold in Mar 2, 2022 for $375,000. According to our calculations, that's $312.50 per sqft. Prior to that sales transaction, the property was sold for $255,000 in Jun 12, 2013. Current property owners are expected to pay $5,709 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 3012 West Colorado Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $102,020. To break that down further, the land itself was valued at $14,090. While improvements to the property were assessed at a total of $87,930. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.