See Home Value
$707,000 - $863,000
House - Off Market

4940 Silver Drive

Colorado Springs, CO 80918
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4350 Sqft
Sold Feb 07, 2024
$785,000
$785,000 by United Wholesale Mortgage Llc
Mortgage Due Mar 01, 2054
Sold Apr 17, 2018
$535,000
$428,535 by Broker Solutions Inc
Mortgage Due May 01, 2048

About This Property

Welcome to your urban oasis! Car enthusiasts, rejoice! This property is a dream come true with six-car garage spaces, perfect for tinkering on projects or fine-tuning your favorite rides, the detached 3 car garage is heated. Whether you're a mechanic or simply love having ample space for your vehicles, this home caters to your passion. Nestled on 1/2 acre in the heart of the city, this remarkable five-bedroom, four-bathroom home offers the perfect blend of convenience and luxury. With easy access to I-25 and the bustling Powers Corridor of shopping, you'll find yourself at the epicenter of city living. For those with a green thumb or a desire for sustainable living, there's a charming chicken coop and a spacious yard, providing an opportunity to create a raised garden area amid city life. And the best part? No HOA restrictions to limit your creativity and lifestyle choices. The main level of this home is designed for comfort and practicality, with refinished hardwood floors, stunning views of Pikes Peak, and a main level primary bedroom, with a 5-piece luxury bathroom and two cedar-lined walk-in closets. The kitchen boasts an open layout, breakfast bar, double ovens, a pantry, and easy access to both a west-facing deck and a covered patio for dinners in the summer. Entertainment knows no bounds in the walk-out basement, where a pool table and a wet bar await your gatherings. Imagine hosting movie nights, game days, or celebrations in this well-appointed space. Multigenerational living is also a potential. With city sewer and water services, this home seamlessly blends a suburban setting with the convenience of urban amenities. New roof 10/2023, newer Furnace and A/C 8/2021, Water heater 2018. A haven for car enthusiasts and those seeking a perfect balance between city living and personal sanctuary. Don't miss the opportunity to call this extraordinary residence your home!

The manager has listed the unit size as 4350 square feet.
Unit Size
4,350Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$180
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1996

Price History

Date / Event Date Event Price
Feb 3, 2024 No longer available -
No longer available
Jan 18, 2024 In contract -
In contract
Dec 8, 2023 Listed $785,000
Listed
Nov 2, 2023 No longer available -
No longer available
Jun 8, 2023 Listed $825,000
Listed
Welcome to your dream home and property! This five-bedroom, four bath home sits on half an acre in one of Colorado Springs most desirable neighborhoods, a little oasis in the middle of the city! The first thing you will see when you pull up to this home is a huge shop with garage doors on two sides featuring an engine hoist, loft storage and three bays. Truly every gearhead's dream! As you enter the home, a soaring two-story entry greets you featuring a curve staircase with wood trim…

Property Highlights

Fireplace
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,778
  • Garage Type: Attached
  • Garage Square Area: 723
  • Parking Space Count: 6
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 22,569
  • Total Building Area: 5,073
  • Gross Building Area: 5,122
  • Building Area: 4,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK VISTA ESTATES ADD
  • Land Acres: 0.518
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 11 BLK 14 PARK VISTA ESTATES ADD, EX THAT PT CONV TO CITY BY REC# 213027619

Ownership

  • Current Owner : CANTRELL COREY
  • Current Owner 2: CANTRELL ANISSA
  • Previous Owner : LINDSLEY BRADLEY S
  • Previous Owner 2: LINDSLEY KRISTINE M
  • Owner Before Previous Owner: CARUANA DAN P
  • Owner Before Previous Owner 2: CARUANA RHONDA D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FB2
  • Census Tract: 004902

Zoning

  • Zoning: RR-0.5 CAD

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63231-11-018
  • Block: 14
  • Lot: 11
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9037
  • Longitude: -104.74

    Address

  • Full Address: 4940 Silver Dr
  • Address - House Number: 4940
  • Address - Street Name: Silver
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C023
  • 4-Digit Zip Code: 5033
  • Zip Code: 80918

Valuation

    Tax

  • Total Area: 4,350
  • Tax Year: 2022
  • Tax Amount: $2,159
  • Tax Rate Code Area: FB2

    Appraisal Valuation

  • Standard Deviation: 0.0643
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 96
  • Final Value: 824,347
  • High Value: 877,423
  • Low Value: 771,272

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $785,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 07, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $785,000
  • 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: Mar 01, 2054

    Market Valuation

  • Market Total Value: $607,503
  • Market Land Value: $100,000
  • Market Improvement Value: $507,503

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,220
  • Assessed Land Value: $6,950
  • Assessed Improvements Value: $35,270

    Sales

  • Current Sale Contract Date: Feb 03, 2024
  • Current Sale Recording Date: Feb 07, 2024
  • Current Sale Transaction ID: 11920445308
  • Current Sale Price: $785,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 8839
  • Previous Sale Recording Date: Apr 17, 2018
  • Previous Sale Contract Date: Apr 16, 2018
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 07, 2024
  • First Mortgage Loan Amount: $785,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Mar 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BROKER SOLUTIONS INC
  • Previous Mortgage Transaction Date: Apr 17, 2018
  • Previous Mortgage Loan Amount: $428,535
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
4,638 ft²
$146/ft²
$675,000 Nov 3, 2023
-
$175/mo
House
3 Beds
3 Baths
3,321 ft²
$190/ft²
$630,000 Sep 15, 2023
-
$149/mo

About Powers


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Frequently Asked Questions

When was property at 4940 Silver Drive built and last sold?
The property at 4940 Silver Drive was built in 1996 and last sold on Feb 3, 2024 for $785,000.
How much is this home worth?
The estimated value of the home located at 4940 Silver Drive is $792,850.
What are some comparable homes to 4940 Silver Drive?
Homes that are comparable to 4940 Silver Drive include a house property at 4883 Jamesport Drive, 5285 Park Vista Boulevard, which are both great to check out.

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