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4020 Bowsprit Lane

4020 Bowsprit Lane, Colorado Springs, CO 80918
House in Norwood
Sold Apr 05, 2019
$345,000
$270,000 by Usaa Fsb
Mortgage Due May 01, 2049
Sold May 03, 1999
$138,500
$137,550 by American Western Mtg
Mortgage Due May 01, 2029
4020 Bowsprit Lane has been categorized by the local assessors in Colorado Springs, CO as a residential type of property. The building on the property was first built in 1987 and is 37 years old. However, we must point out that the home was most recently renovated and altered in 1997. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4020 Bowsprit Lane has 2,311 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 576 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 7,429 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 425 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a patio. 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 frame 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 style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4020 Bowsprit Lane sold most recently in Apr 4, 2019 for a total of $345,000. If you work out the math, that's approximately a cost of $126.10 per sqft. Before that, the property was also sold for $138,500 in Apr 29, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,433 in taxes each year. 4020 Bowsprit Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $23,920. If we break it down further, the land itself was valued at $5,060. Improvements to the property, however, were assessed at a total of $18,860. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 576
  • Garage Type: Attached
  • Garage Square Area: 425
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 7,429
  • Total Building Area: 2,736
  • Gross Building Area: 2,736
  • Building Area: 2,311
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,311
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE VISTA SUB FIL NO 1
  • Land Acres: 0.171
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 11 BLK 3 THE VISTA SUB FIL NO 1 COLO SPGS

Ownership

  • Current Owner : MURPHY BILLY J
  • Previous Owner : WILLIAMS LANCE M
  • Previous Owner 2: WILLIAMS JENNIFER L
  • Owner Before Previous Owner: MOREHOUSE DARREN L
  • Owner Before Previous Owner 2: MOREHOUSE CAROL J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FCB
  • Census Tract: 004703

Zoning

  • Zoning: PUD AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63142-15-019
  • Block: 3
  • Lot: 11
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9233
  • Longitude: -104.753

    Address

  • Full Address: 4020 Bowsprit Ln
  • Address - House Number: 4020
  • Address - Street Name: Bowsprit
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C016
  • 4-Digit Zip Code: 5670
  • Zip Code: 80918

Valuation

    Tax

  • Total Area: 2,311
  • Tax Year: 2022
  • Tax Amount: $1,433
  • Tax Rate Code Area: FCB

    Appraisal Valuation

  • Standard Deviation: 0.1191
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 87
  • Final Value: 499,250
  • High Value: 558,736
  • Low Value: 439,764

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: USAA FSB
  • First Open Lien Mortgage Recording Date: Apr 05, 2019
  • First Open Lien Mortgage Loan Amount: $270,000
  • 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: May 01, 2049

    Market Valuation

  • Market Total Value: $344,209
  • Market Land Value: $72,800
  • Market Improvement Value: $271,409

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,920
  • Assessed Land Value: $5,060
  • Assessed Improvements Value: $18,860

    Sales

  • Current Sale Contract Date: Apr 04, 2019
  • Current Sale Recording Date: Apr 05, 2019
  • Current Sale Transaction ID: 11594565515
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219034994
  • Previous Sale Recording Date: May 03, 1999
  • Previous Sale Contract Date: Apr 29, 1999
  • Previous Sale Amount: $138,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: USAA FSB
  • First Mortgage Transaction Date: Apr 05, 2019
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN WESTERN MTG
  • Previous Mortgage Transaction Date: May 03, 1999
  • Previous Mortgage Loan Amount: $137,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2029

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Frequently Asked Questions

What neighborhood is 4020 Bowsprit Lane located in?
The 4020 Bowsprit Lane is a house located in the neighborhood of Norwood in Powers, Colorado Springs.
What is the average sales price for listings in 4020 Bowsprit Lane?
The average sales price for units in 4020 Bowsprit Lane is $0 currently.

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