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4125 Shining Way

4125 Shining Way, Colorado Springs, CO 80916
Sold May 10, 2022
$380,500
$363,788 by Primary Residential Mortgage I
Mortgage Due Jun 01, 2052
Sold Nov 18, 2019
$250,000
$225,000 by Cherry Creek Mortgage Co Inc
Mortgage Due Dec 01, 2049
4125 Shining Way in Colorado Springs, CO was first built in 1983 and is 41 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 4125 Shining Way has 1,064 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 11,622 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 480 sqft. There are a total of 2 available parking spaces. 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 frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of stucco. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 4125 Shining Way sold most recently in May 6, 2022 for a total of $380,500. If you work out the math, that's approximately a cost of $246.44 per sqft. Before that, the property was also sold for $250,000 in Nov 13, 2019. 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 $930 in taxes each year. 4125 Shining Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $17,250. If we break it down further, the land itself was valued at $3,130. Improvements to the property, however, were assessed at a total of $14,120. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Masonite Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 11,622
  • Total Building Area: 1,544
  • Gross Building Area: 1,544
  • Building Area: 1,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,064
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRIGHTSIDE SUBDIVISION
  • Land Acres: 0.267
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 40 BRIGHTSIDE SUBDIVISION COLO SPGS

Ownership

  • Current Owner : PETERSON ERIC
  • Previous Owner : KENDALL MARTIN JOSEPH
  • Owner Before Previous Owner: PORTER CHAD D
  • Owner Before Previous Owner 2: KRAFT JENNIFER N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Harrison School District 2
  • School Tax School District: CB3
  • Census Tract: 006400

Zoning

  • Zoning: R1-6 AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 64263-07-006
  • Lot: 40
  • Municipality: HARRISON 2
  • Latitude: 38.7993
  • Longitude: -104.75

    Address

  • Full Address: 4125 Shining Way
  • Address - House Number: 4125
  • Address - Street Name: Shining
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C036
  • 4-Digit Zip Code: 2444
  • Zip Code: 80916

Valuation

    Tax

  • Total Area: 1,064
  • Tax Year: 2022
  • Tax Amount: $930
  • Tax Rate Code Area: CB3

    Appraisal Valuation

  • Standard Deviation: 0.1157
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 87
  • Final Value: 351,403
  • High Value: 392,074
  • Low Value: 310,732

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $378,139
  • First Open Lien Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Open Lien Mortgage Recording Date: May 10, 2022
  • First Open Lien Mortgage Loan Amount: $363,788
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052
  • Second Open Lien Mortgage Recording Date: May 10, 2022
  • Second Open Lien Mortgage Loan Amount: $14,351
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $248,211
  • Market Land Value: $45,000
  • Market Improvement Value: $203,211

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,250
  • Assessed Land Value: $3,130
  • Assessed Improvements Value: $14,120

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Transaction ID: 11887519297
  • Current Sale Price: $380,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 65427
  • Previous Sale Recording Date: Nov 18, 2019
  • Previous Sale Contract Date: Nov 13, 2019
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Mortgage Transaction Date: May 10, 2022
  • First Mortgage Loan Amount: $363,788
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2052
  • Second Mortgage Loan Amount: $14,351

    Previous Mortgages

  • Previous Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Nov 18, 2019
  • Previous Mortgage Loan Amount: $225,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2049

About Powers



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Frequently Asked Questions

What neighborhood is 4125 Shining Way located in?
The 4125 Shining Way is a house located in the neighborhood of Gateway Park in Powers, Colorado Springs.
What is the average sales price for listings in 4125 Shining Way?
The average sales price for units in 4125 Shining Way is $0 currently.

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