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385 5th Street

385 5th Street, Penrose, CO 81240
House in Fremont
Sold Jan 13, 2020
$250,000
$258,250 by M2 Lending Solutions Llc
Mortgage Due Jan 01, 2050
Sold Nov 09, 2015
$105,000
$105,000 by Midwest Mortgage Associates Co
Mortgage Due Dec 01, 2045
385 5th Street has been categorized by the local assessors in Penrose, CO as a residential type of property. The building on the property was first built in 1982 and is 42 years old. However, we must point out that the home was most recently renovated and altered in 1984. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 385 5th Street has 1,760 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,356 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a prefab, modular style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,624 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of a material which is produced from two or more constituent materials. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with ventilation system at the moment. In terms of heating, it 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, 385 5th Street was last sold in Dec 20, 2019 for $250,000. According to our calculations, that's $142.05 per sqft. Prior to that sales transaction, the property was sold for $105,000 in Nov 5, 2015. Current property owners are expected to pay $1,226 in taxes per year. The property on 385 5th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,915. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Parking

Attached Garage
Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1984
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Prefab, Modular
  • Exterior Walls Type: Composition
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,624
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 1,760
  • Gross Building Area: 2,288
  • Building Area: 1,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Ventilation system
  • Heating: Forced air unit
  • Heated Square Feet: 1,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALDRED SUB
  • Land Acres: 1
  • Standard Land Use Code: Modular/pre-fabricated homes
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT D ALDRED SUB NO 2

Ownership

  • Current Owner : SULLIVAN BRYAN D
  • Current Owner 2: SULLIVAN TRACI L
  • Previous Owner : HAZELTINE LYNN P
  • Owner Before Previous Owner: STEWART JUDY K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Florence School District RE-2
  • Census Tract: 978100

Geography

  • Account Number: R028890
  • Parcel: 98404406
  • Lot: D
  • Latitude: 38.4398
  • Longitude: -105.034

    Address

  • Full Address: 385 5th St
  • Address - House Number: 385
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: CO
  • City Name: Penrose
  • Carrier Code: R001
  • 4-Digit Zip Code: 9306
  • Zip Code: 81240

Valuation

    Tax

  • Total Area: 1,536
  • Tax Year: 2023
  • Tax Amount: $1,226
  • Tax Rate Code Area: 29B

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 372,883
  • High Value: 445,720
  • Low Value: 300,047

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $258,250
  • First Open Lien Mortgage Lender: M2 LENDING SOLUTIONS LLC
  • First Open Lien Mortgage Recording Date: Jan 13, 2020
  • First Open Lien Mortgage Loan Amount: $258,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Market Valuation

  • Market Total Value: $252,455

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,915

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Jan 13, 2020
  • Current Sale Transaction ID: 11719701068
  • Current Sale Price: $250,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 981729
  • Previous Sale Recording Date: Nov 09, 2015
  • Previous Sale Contract Date: Nov 05, 2015
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: M2 LENDING SOLUTIONS LLC
  • First Mortgage Transaction Date: Jan 13, 2020
  • First Mortgage Loan Amount: $258,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MIDWEST MORTGAGE ASSOCIATES CO
  • Previous Mortgage Transaction Date: Nov 09, 2015
  • Previous Mortgage Loan Amount: $105,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Dec 01, 2045

About Penrose



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 385 5th Street located in?
The 385 5th Street is a house located in the neighborhood of Fremont in Penrose, Penrose.
What is the average sales price for listings in 385 5th Street?
The average sales price for units in 385 5th Street is $240,000 , or $156/sqft. currently.

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