See Home Value
$362,351*
House - Off Market

3308 N Institute Street

Colorado Springs, CO 80907
bedrooms
3 Beds
bathrooms
1 Bath
square feet
984 Sqft
$302,000 - $368,000
Reference Base Price*
8.16%
Since Feb 1, 2022
National-US
Primary Model
Sold Mar 10, 2022
$337,500
$327,375 by Nfm Inc
Mortgage Due Mar 01, 2052
Sold Jun 27, 2018
$200,000
$183,150 by Caliber Home Loans Inc
Mortgage Due Jul 01, 2048

About This Property

Move-in ready updated three bedroom rancher on nice sized lot!  Open floor plan with newly finished hardwood flooring throughout and new interior paint. The open kitchen features room for an island, flat top stove, solid counters and stainless refrigerator. A laundry space that doubles as a pantry is right off the kitchen. The bathroom has been fully remodeled with updated tile shower, granite counter and a vanity area. Both the Nest thermostat and smart doorbell are included. This home features easy maintenance stucco & siding exterior, vinyl windows, xeriscaped yard, a new 10 x 10 shed with loft and plenty of storage, a new 16 x 16 paver patio, 220 outlet for RV or hot tub, dedicated RV parking (the fence is currently being finished), and beautiful, mature trees. There is a 22 foot gate opening to the RV area and a sewer line for dumping that was professionally installed. Roof certification is in documents in the MLS.

The manager has listed the unit size as 984 square feet.
Unit Size
984Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$340
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1953

Price History

Date / Event Date Event Price
Mar 10, 2022 Sold to Elizabeth C Drolet $337,500
Sold to Elizabeth C Drolet
Jan 26, 2022 No longer available -
No longer available
Jan 20, 2022 Listed $335,000
Listed
Aug 13, 2018 No longer available -
No longer available
May 30, 2018 Listed $205,000
Listed
This home is in a great location with easy access to I25 or Academy. 3 bedroom, 1 bathroom with a open floor plan. Refinished hardwood through out. This is a great starter home, investment/rental or retirement home. The yards are Xeriscaped for easy maintenance. Come see it today. The manager has listed the unit size as 984 square feet.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • 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: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 984
  • Gross Building Area: 1,023
  • Building Area: 984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VIRGINIA HOMES SUB
  • Land Acres: 0.146
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 6 BLK 11 VIRGINIA HOMES SUB

Ownership

  • Current Owner : DROLET ELIZABETH C
  • Previous Owner : FINLEY ALYSA R
  • Owner Before Previous Owner: DILL SCOTT
  • Owner Before Previous Owner 2: DILL IN CHA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 000301

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63322-05-012
  • Block: 11
  • Lot: 6
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8812
  • Longitude: -104.808

    Address

  • Full Address: 3308 N Institute St
  • Address - House Number: 3308
  • Street Direction: N
  • Address - Street Name: Institute
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C004
  • 4-Digit Zip Code: 5626
  • Zip Code: 80907

Valuation

    Tax

  • Total Area: 984
  • Tax Year: 2022
  • Tax Amount: $865
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1326
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 84
  • Final Value: 338,191
  • High Value: 383,037
  • Low Value: 293,345

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,470
  • First Open Lien Mortgage Lender: NFM INC
  • First Open Lien Mortgage Recording Date: Mar 10, 2022
  • First Open Lien Mortgage Loan Amount: $327,375
  • 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: Mar 01, 2052
  • Second Open Lien Mortgage Loan Amount: $13,095

    Market Valuation

  • Market Total Value: $222,382
  • Market Land Value: $47,400
  • Market Improvement Value: $174,982

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,450
  • Assessed Land Value: $3,290
  • Assessed Improvements Value: $12,160

    Sales

  • Current Sale Contract Date: Feb 22, 2022
  • Current Sale Recording Date: Mar 10, 2022
  • Current Sale Transaction ID: 11881058206
  • Current Sale Price: $337,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 35248
  • Previous Sale Recording Date: Jun 27, 2018
  • Previous Sale Contract Date: Jun 26, 2018
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM INC
  • First Mortgage Transaction Date: Mar 10, 2022
  • First Mortgage Loan Amount: $327,375
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052
  • Second Mortgage Loan Amount: $13,095

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Jun 27, 2018
  • Previous Mortgage Loan Amount: $183,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
3 Beds
2 Baths
1,405 ft²
$267/ft²
$375,000 Nov 3, 2023
-
$84/mo
House
3 Beds
1 Bath
1,358 ft²
$250/ft²
$340,000 Oct 25, 2023
-
$75/mo
Townhouse
2 Beds
2 Baths
1,349 ft²
$234/ft²
$315,000 Sep 13, 2023
-
$102/mo

About Northeast Colorado Springs


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Frequently Asked Questions

When was property at 3308 North Institute Street built and last sold?
The property at 3308 North Institute Street was built in 1953 and last sold on Feb 22, 2022 for $337,500.
How much is this home worth?
The estimated value of the home located at 3308 North Institute Street is $335,490.
What are some comparable homes to 3308 North Institute Street?
There are currently no comparable homes to 3308 North Institute Street.

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