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530 Observatory Drive

530 Observatory Drive, Colorado Springs, CO 80904
Sold Jun 15, 2021
$327,000
$327,000 by Nfm Inc
Mortgage Due Jul 01, 2051
Sold Sep 07, 2018
$199,500
$150,000 by Caliber Home Loans Inc
Mortgage Due Oct 01, 2048
530 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, 530 Observatory Drive has a total floor area of 1,722 square feet. 530 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 530 Observatory Drive below.

Old Colorado City, where 530 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.

Building Features

Exterior

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 510
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 533
  • Total Building Area: 1,722
  • Gross Building Area: 1,722
  • Building Area: 1,212
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,212
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IN PROMONTORY POINT CONDO PHASE V,
  • Land Acres: 0.012
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDOMINIUM UNIT D BLDG 11 IN PROMONTORY POINT CONDOMINIUMS PHASE V, IN ACCORDANCE WITH THE CONDOMINIUM DECLARATION RECORDED AUG 21, 1985 IN BK 5051 AT PG 66 AND THE CONDOMINIUM PLAT RECORDED AUG 21, 1985 IN PLAT BK 4 AT PG 73 OF THE EL PASO COUNTY R

Ownership

  • Current Owner : MEYER ERIN M
  • Previous Owner : SISTY MICHAEL J
  • Previous Owner 2: SISTY SARA
  • Owner Before Previous Owner: QUINN STARLA K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried woman

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: 74123-17-040
  • Lot: D
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8416
  • Longitude: -104.842

    Address

  • Full Address: 530 Observatory Dr
  • Address - House Number: 530
  • Address - Street Name: Observatory
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C002
  • 4-Digit Zip Code: 0900
  • Zip Code: 80904

Valuation

    Tax

  • Total Area: 1,212
  • Tax Year: 2022
  • Tax Amount: $862
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1334
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 84
  • Final Value: 340,247
  • High Value: 385,670
  • Low Value: 294,825

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $327,000
  • First Open Lien Mortgage Lender: NFM INC
  • First Open Lien Mortgage Recording Date: Jun 15, 2021
  • First Open Lien Mortgage Loan Amount: $327,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $221,625
  • Market Land Value: $41,500
  • Market Improvement Value: $180,125

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,400
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $12,520

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Transaction ID: 11839800556
  • Current Sale Price: $327,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 221115941
  • Previous Sale Recording Date: Sep 07, 2018
  • Previous Sale Contract Date: Sep 07, 2018
  • Previous Sale Amount: $199,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM INC
  • First Mortgage Transaction Date: Jun 15, 2021
  • First Mortgage Loan Amount: $327,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Sep 07, 2018
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2048

About Old Colorado City



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Frequently Asked Questions

What neighborhood is 530 Observatory Drive located in?
The 530 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 530 Observatory Drive?
The average sales price for units in 530 Observatory Drive is $0 currently.

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