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518 Cedar Street

518 Cedar Street, Buena Vista, CO 81211
Property in Chaffee
Sold Jul 22, 2021
$550,000
$541,833 by Nations Lending Corporation
Mortgage Due Mar 01, 2052
Local assessors in Buena Vista, CO have categorized 518 Cedar Street as a residential type of property. The home was built in 1928 and is 96 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 7,966 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 3 rooms in the home. Of these, 2 have been legally categorized as bedrooms. 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 single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 518 Cedar Street has a total of 1,618 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 386 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - D. The building has a gable 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 a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 19, 2021 for $550,000. That's $339.93 per sqft. 518 Cedar Street was last assessed in 2022. The total value of the property was assessed at $26,550. Specifically, the land the property is located on was valued at $9,240. While improvements on the property were assessed at a total of $17,310. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,511. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1950
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 386
  • Parking Space Count: 1
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,966
  • Total Building Area: 1,618
  • Building Area: 1,618
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,618
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SELBY AT CEDAR
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 22A SELBY AT CEDAR PLAT 402944 BV225 REC 472558

Ownership

  • Current Owner : SMITH COLEMAN
  • Current Owner 2: VEGA ROBIN
  • Previous Owner : SELBY JED W

Neighborhood

  • School District Name: Buena Vista School District R-31
  • Census Tract: 000404

Geography

  • Parcel: R327109321186
  • Block: 21
  • Lot: 22A
  • Meridian: SEC 9 TWN 14S RNG 78W
  • Latitude: 38.8429
  • Longitude: -106.127

    Address

  • Full Address: 518 Cedar St
  • Address - House Number: 518
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: CO
  • City Name: Buena Vista
  • Zip Code: 81211

Valuation

    Tax

  • Total Area: 1,618
  • Tax Year: 2022
  • Tax Amount: $1,511
  • Tax Rate Code Area: 03

    Appraisal Valuation

  • Standard Deviation: 0.2114
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 71
  • Final Value: 620,863
  • High Value: 752,171
  • Low Value: 489,555

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $541,833
  • First Open Lien Mortgage Lender: NATIONS LENDING CORPORATION
  • First Open Lien Mortgage Recording Date: Feb 23, 2022
  • First Open Lien Mortgage Loan Amount: $541,833
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $382,012
  • Market Land Value: $132,971
  • Market Improvement Value: $249,041

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,550
  • Assessed Land Value: $9,240
  • Assessed Improvements Value: $17,310

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Transaction ID: 11844806031
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 472558

    Last Sale Mortgage

  • First Mortgage Lender: NATIONS LENDING CORP
  • First Mortgage Transaction Date: Jul 22, 2021
  • First Mortgage Loan Amount: $440,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 518 Cedar Street located in?
The 518 Cedar Street is a located in the neighborhood of Chaffee in Buena Vista, Buena Vista.
What is the average sales price for listings in 518 Cedar Street?
The average sales price for units in 518 Cedar Street is $0 currently.

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