304 South 8th Street

304 South 8th Street in Colorado Springs, CO was first built in 1983 and is 41 years old. This has been categorized as a commercial property type. There are a total of 2 floors. 304 South 8th Street has 38,142 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 202,989 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, 304 South 8th Street was last sold in Nov 5, 1999 for $2,800,000. According to our calculations, that's $73.41 per sqft. Prior to that sales transaction, the property was sold for $1,231,000 in Aug 6, 1993. Current property owners are expected to pay $41,968 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 304 South 8th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $749,990. To break that down further, the land itself was valued at $329,650. While improvements to the property were assessed at a total of $420,340. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.