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503 Hilltop Drive

503 Hilltop Drive, Colorado Springs, CO 80906
Multifamily in Ivywild
Sold Mar 15, 2019
$270,000
$262,000 by The Home Loan Expert Llc
Mortgage Due Apr 01, 2051
Sold Aug 07, 2003
$115,000
503 Hilltop Drive in Colorado Springs, CO was first built in 1953 and is 71 years old. Although, the building on the property was most recently renovated and altered in 1995. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 503 Hilltop Drive has 1,536 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 8,800 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. The home has a flat style roof made of asphalt and ply sheets in a built-up roof style. For those who need parking, there is a attached garage. The garage is 228 sqft. There is one available parking space. 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 wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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, 503 Hilltop Drive sold most recently in Mar 6, 2019 for a total of $270,000. If you work out the math, that's approximately a cost of $153.06 per sqft. Before that, the property was also sold for $115,000 in Jul 30, 2003. 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 $1,093 in taxes each year. 503 Hilltop Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $19,540. If we break it down further, the land itself was valued at $3,740. Improvements to the property, however, were assessed at a total of $15,800. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Brick Exterior / Wood Exterior
Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 8,800
  • Total Building Area: 1,764
  • Gross Building Area: 2,058
  • Building Area: 1,536
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,536
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOOT HILLS SUB
  • Land Acres: 0.202
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 11, PART OF LOT 10 LY E OF A LN DRAWN SLY FROM A PT ON NLY LN OF LOT 2 THAT IS 35 FT WLY THEREON FROM NELY COR OF SD LOT 2 TO PT ON SLY LN OF LOT 10 THAT IS 20 FT WLY THEREON FROM SELY COR OF LOT 10 BLK 5 FOOT HILLS SUB

Ownership

  • Current Owner : CALABRESE ALEXANDRA
  • Previous Owner : STRAUS SCOTT
  • Owner Before Previous Owner: LIMACHER ROSALIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 003001

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 74244-05-005
  • Block: 5
  • Lot: 11
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8131
  • Longitude: -104.836

    Address

  • Full Address: 503 Hilltop Dr
  • Address - House Number: 503
  • Address - Street Name: Hilltop
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C007
  • 4-Digit Zip Code: 7332
  • Zip Code: 80905

Valuation

    Tax

  • Total Area: 1,536
  • Tax Year: 2022
  • Tax Amount: $1,093
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1183
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 87
  • Final Value: 461,216
  • High Value: 515,800
  • Low Value: 406,633

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $382,000
  • First Open Lien Mortgage Lender: THE HOME LOAN EXPERT LLC
  • First Open Lien Mortgage Recording Date: Mar 11, 2021
  • First Open Lien Mortgage Loan Amount: $262,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051
  • Second Open Lien Mortgage Lender: RED ROCKS CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 23, 2022
  • Second Open Lien Mortgage Loan Amount: $120,000
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 26, 2047

    Market Valuation

  • Market Total Value: $287,370
  • Market Land Value: $55,000
  • Market Improvement Value: $232,370

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,540
  • Assessed Land Value: $3,740
  • Assessed Improvements Value: $15,800

    Sales

  • Current Sale Contract Date: Mar 06, 2019
  • Current Sale Recording Date: Mar 15, 2019
  • Current Sale Transaction ID: 11590391008
  • Current Sale Price: $270,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219025923
  • Previous Sale Recording Date: Aug 07, 2003
  • Previous Sale Contract Date: Jul 30, 2003
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 15, 2019
  • First Mortgage Loan Amount: $265,109
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2049

About Central Colorado City



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Frequently Asked Questions

What neighborhood is 503 Hilltop Drive located in?
The 503 Hilltop Drive is a multifamily located in the neighborhood of Ivywild in Central Colorado City, Colorado Springs.
What is the average sales price for listings in 503 Hilltop Drive?
The average sales price for units in 503 Hilltop Drive is $0 currently.

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