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5003 Rainbow Harbour Circle

5003 Rainbow Harbour Circle, Colorado Springs, CO 80917
Property in Village Seven
Sold Aug 23, 2022
$285,000
$279,837 by Academy Mortgage Corporation
Mortgage Due Sep 01, 2052
Sold Apr 15, 2020
$181,000
Seller
$175,570 by Ent Cu
Mortgage Due May 01, 2050
Local assessors in Colorado Springs, CO have categorized 5003 Rainbow Harbour Circle as a residential type of property. The home was built in 1982 and is 42 years old. The property's lot size has been calculated to be 1,100 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5003 Rainbow Harbour Circle has a total of 827 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 48 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. The home's floor/wall heating system is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5003 Rainbow Harbour Circle was last sold in Aug 23, 2022 for $285,000. According to our calculations, that's $210.33 per sqft. Prior to that sales transaction, the property was sold for $181,000 in Apr 14, 2020. Current property owners are expected to pay $692 in taxes per year. The property on 5003 Rainbow Harbour Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $12,360. To break that down further, the land itself was valued at $2,640. While improvements to the property were assessed at a total of $9,720. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

Exterior

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 48
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1,100
  • Total Building Area: 1,355
  • Gross Building Area: 1,355
  • Building Area: 827
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 827
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAINBOW HARBOUR SUB
  • Land Acres: 0.025
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 59 RAINBOW HARBOUR SUB COLO SPGS

Ownership

  • Current Owner : LAITINEN ADAM PAUL
  • Previous Owner : KAITLYNN MANG
  • Owner Before Previous Owner: BAMAR LTD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBY
  • Census Tract: 005601

Zoning

  • Zoning: PUD AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63252-01-085
  • Lot: 59
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8952
  • Longitude: -104.734

    Address

  • Full Address: 5003 Rainbow Harbour Cir
  • Address - House Number: 5003
  • Address - Street Name: Rainbow Harbour
  • Address - Suffix Type: Cir
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C018
  • 4-Digit Zip Code: 1848
  • Zip Code: 80917

Valuation

    Tax

  • Total Area: 923
  • Tax Year: 2022
  • Tax Amount: $692
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.1346
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 84
  • Final Value: 273,835
  • High Value: 310,713
  • Low Value: 236,956

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $279,837
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Aug 23, 2022
  • First Open Lien Mortgage Loan Amount: $279,837
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $177,918
  • Market Land Value: $38,000
  • Market Improvement Value: $139,918

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,360
  • Assessed Land Value: $2,640
  • Assessed Improvements Value: $9,720

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Transaction ID: 11894981235
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 111757
  • Previous Sale Recording Date: Apr 15, 2020
  • Previous Sale Contract Date: Apr 14, 2020
  • Previous Sale Amount: $181,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Aug 23, 2022
  • First Mortgage Loan Amount: $279,837
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: ENT CU
  • Previous Mortgage Transaction Date: Apr 15, 2020
  • Previous Mortgage Loan Amount: $175,570
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 5003 Rainbow Harbour Circle located in?
The 5003 Rainbow Harbour Circle is a located in the neighborhood of Village Seven in Powers, Colorado Springs.
What is the average sales price for listings in 5003 Rainbow Harbour Circle?
The average sales price for units in 5003 Rainbow Harbour Circle is $0 currently.

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