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524 Observatory Drive

524 Observatory Drive, Colorado Springs, CO 80904
Sold Dec 27, 2018
$210,000
$168,000 by Ent Cu
Mortgage Due Jan 01, 2049
Sold Aug 01, 1985
Transfer
524 Observatory Drive is a condo located in Old Colorado City, Colorado Springs. The building was first built in 1984 and is 40 years old. In total, 524 Observatory Drive has a total floor area of 1,578 square feet. 524 Observatory Drive has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. See the full transaction history for 524 Observatory Drive below.

Old Colorado City, where 524 Observatory Drive is located, has a median asking price of $345,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale 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: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 745
  • Total Building Area: 1,578
  • Gross Building Area: 1,578
  • Building Area: 1,078
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,078
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IN PROMONTORY POINT CONDO PHASE II,
  • Land Acres: 0.017
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDOMINIUM UNIT A BLDG 13 IN PROMONTORY POINT CONDOMINIUMS PHASE II, IN ACCORDANCE WITH THE CONDOMINIUM DECLARATION RECORDED MARCH 8, 1985 IN BK 3981 AT PG 980 AND THE CONDOMINIUM PLAT RECORDED MARCH 8, 1985 IN PLAT BK 4 AT PG 32 OF THE EL PASO COUN

Ownership

  • Current Owner : JACKMAN TRACEY M
  • Current Owner 2: JACKMAN SAMUEL B
  • Previous Owner : JOHNSON BONNIE J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 001400

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: Dec 14, 2067
  • Parcel: 74123-17-048
  • Block: 13
  • Lot: A
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8416
  • Longitude: -104.841

    Address

  • Full Address: 524 Observatory Dr
  • Address - House Number: 524
  • Address - Street Name: Observatory
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C002
  • 4-Digit Zip Code: 3970
  • Zip Code: 80904

Valuation

    Tax

  • Total Area: 1,078
  • Tax Year: 2022
  • Tax Amount: $955
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 77
  • Final Value: 327,883
  • High Value: 385,427
  • Low Value: 270,340

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $168,000
  • First Open Lien Mortgage Lender: ENT CU
  • First Open Lien Mortgage Recording Date: Dec 27, 2018
  • First Open Lien Mortgage Loan Amount: $168,000
  • 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: Jan 01, 2049

    Market Valuation

  • Market Total Value: $245,733
  • Market Land Value: $41,500
  • Market Improvement Value: $204,233

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,070
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $14,190

    Sales

  • Current Sale Contract Date: Dec 21, 2018
  • Current Sale Recording Date: Dec 27, 2018
  • Current Sale Transaction ID: 11546851516
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 218147514
  • Previous Sale Recording Date: Aug 01, 1985
  • Previous Sale Contract Date: Aug 01, 1985
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENT CU
  • First Mortgage Transaction Date: Dec 27, 2018
  • First Mortgage Loan Amount: $168,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2049

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Frequently Asked Questions

What neighborhood is 524 Observatory Drive located in?
The 524 Observatory Drive is a condo located in the neighborhood of Old Colorado City in Old Colorado City, Colorado Springs.
What is the average sales price for listings in 524 Observatory Drive?
The average sales price for units in 524 Observatory Drive is $0 currently.

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