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5022 Palmer Park Boulevard

5022 Palmer Park Boulevard, Colorado Springs, CO 80915
Property in Rustic Hills
Sold Mar 01, 2022
$430,000
$439,890 by Nbh Bank
Mortgage Due Mar 01, 2052
Sold Oct 21, 2021
$267,555
$307,533 by Merchants Mortgage & Trust Cor
Mortgage Due Sep 22, 2022
5022 Palmer Park Boulevard 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 1969 and is 55 years old. The home has a total of 7 rooms. 4 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, 5022 Palmer Park Boulevard has 1,617 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 490 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 7,700 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 270 sqft. According to our sources, there is one available parking space. 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 or hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning 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, 5022 Palmer Park Boulevard was last sold in Feb 28, 2022 for $430,000. According to our calculations, that's $227.87 per sqft. Prior to that sales transaction, the property was sold for $267,555 in Sep 28, 2021. Current property owners are expected to pay $1,013 in taxes per year. The property on 5022 Palmer Park Boulevard was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $18,100. To break that down further, the land itself was valued at $3,340. While improvements to the property were assessed at a total of $14,760. 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

Exterior

Masonite Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 490
  • Garage Type: Attached
  • Garage Square Area: 270
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 1,887
  • Gross Building Area: 1,887
  • Building Area: 1,617
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,617
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RUSTIC HILLS SUB 4
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 41 BLK 5 RUSTIC HILLS SUB 4

Ownership

  • Current Owner : NEWTON THOMAS
  • Current Owner 2: BURTON BRITTANY
  • Previous Owner : 5022 PALMER PARK LLC
  • Owner Before Previous Owner: UNITED COLORADO LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBY
  • Census Tract: 005900

Zoning

  • Zoning: R1-6 AO

Geography

  • Assessors Map Reference: Jan 14, 2066
  • Parcel: 64013-14-024
  • Block: 5
  • Lot: 41
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8544
  • Longitude: -104.734

    Address

  • Full Address: 5022 Palmer Park Blvd
  • Address - House Number: 5022
  • Address - Street Name: Palmer Park
  • Address - Suffix Type: Blvd
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C004
  • 4-Digit Zip Code: 2122
  • Zip Code: 80915

Valuation

    Tax

  • Total Area: 1,617
  • Tax Year: 2022
  • Tax Amount: $1,013
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 75
  • Final Value: 440,894
  • High Value: 524,290
  • Low Value: 357,497

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $439,890
  • First Open Lien Mortgage Lender: NBH BANK
  • First Open Lien Mortgage Recording Date: Mar 01, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $439,890
  • 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, 2052

    Market Valuation

  • Market Total Value: $260,320
  • Market Land Value: $48,000
  • Market Improvement Value: $212,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,100
  • Assessed Land Value: $3,340
  • Assessed Improvements Value: $14,760

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Transaction ID: 11880320855
  • Current Sale Price: $430,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 29884
  • Previous Sale Recording Date: Oct 21, 2021
  • Previous Sale Contract Date: Sep 28, 2021
  • Previous Sale Amount: $267,555
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NBH BANK
  • First Mortgage Transaction Date: Mar 01, 2022
  • First Mortgage Loan Amount: $439,890
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Mar 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MERCHANTS MORTGAGE & TRUST COR
  • Previous Mortgage Transaction Date: Oct 21, 2021
  • Previous Mortgage Loan Amount: $307,533
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Sep 22, 2022

About Powers



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Frequently Asked Questions

What neighborhood is 5022 Palmer Park Boulevard located in?
The 5022 Palmer Park Boulevard is a located in the neighborhood of Rustic Hills in Powers, Colorado Springs.
What is the average sales price for listings in 5022 Palmer Park Boulevard?
The average sales price for units in 5022 Palmer Park Boulevard is $0 currently.

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