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5315 Paradox Drive

5315 Paradox Drive, Colorado Springs, CO 80923
House in Sundown
Sold Jul 18, 2018
$295,000
$303,855 by The Federal Savings Bank
Mortgage Due Jan 01, 2051
Sold Mar 15, 1993
$16,000
5315 Paradox Drive in Colorado Springs, CO was first built in 1993 and is 31 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bi-level style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5315 Paradox Drive has 2,512 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. The basement is 921 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 4,950 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. 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. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 5315 Paradox Drive sold most recently in Jul 18, 2018 for a total of $295,000. If you work out the math, that's approximately a cost of $97.94 per sqft. Before that, the property was also sold for $16,000 in Mar 15, 1993. 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 $1,420 in taxes each year. 5315 Paradox Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $23,710. If we break it down further, the land itself was valued at $4,000. Improvements to the property, however, were assessed at a total of $19,710. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 921
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 4,950
  • Total Building Area: 3,012
  • Gross Building Area: 3,012
  • Building Area: 2,512
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNDOWN SUB FIL NO 14
  • Land Acres: 0.114
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 40 BLK 6 SUNDOWN SUB FIL NO 14 COLO SPGS

Ownership

  • Current Owner : SHEA JOSHUA
  • Current Owner 2: SHEA RUTH
  • Previous Owner : GADINIS DONNA S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBH
  • Census Tract: 004707

Zoning

  • Zoning: PUD AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63131-04-015
  • Block: 6
  • Lot: 40
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9217
  • Longitude: -104.724

    Address

  • Full Address: 5315 Paradox Dr
  • Address - House Number: 5315
  • Address - Street Name: Paradox
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C063
  • 4-Digit Zip Code: 7631
  • Zip Code: 80923

Valuation

    Tax

  • Total Area: 2,612
  • Tax Year: 2022
  • Tax Amount: $1,420
  • Tax Rate Code Area: FBH

    Appraisal Valuation

  • Standard Deviation: 0.1078
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 89
  • Final Value: 459,465
  • High Value: 509,029
  • Low Value: 409,901

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,855
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jan 11, 2021
  • First Open Lien Mortgage Loan Amount: $303,855
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $341,104
  • Market Land Value: $57,500
  • Market Improvement Value: $283,604

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,710
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $19,710

    Sales

  • Current Sale Contract Date: Jul 18, 2018
  • Current Sale Recording Date: Jul 18, 2018
  • Current Sale Transaction ID: 11482381478
  • Current Sale Price: $295,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 218082614
  • Previous Sale Recording Date: Mar 15, 1993
  • Previous Sale Contract Date: Mar 15, 1993
  • Previous Sale Amount: $16,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jul 18, 2018
  • First Mortgage Loan Amount: $295,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2048

About Powers



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Nearby Rentals

Unit for rent at

$2,470 /mo

  • 3 Beds
  • 2 Baths
  • 2,039 ft²
Listing by Manager
Unit for rent at

$2,500 /mo

  • 4 Beds
  • 3.5 Baths
  • 1,966 ft²
Listing by Manager
Unit for rent at

$2,560 /mo

  • 2 Beds
  • 2 Baths
  • 1,268 ft²
Listing by Manager
Unit for rent at

$2,400 /mo

  • 5 Beds
  • 3 Baths
  • 3,162 ft²
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Unit for rent at

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,392 ft²
Listing by Manager
Unit for rent at

$2,380 /mo

  • 3 Beds
  • 2 Baths
  • 1,361 ft²
Listing by Manager
Unit for rent at

$2,480 /mo

  • 4 Beds
  • 2 Baths
  • 1,836 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5315 Paradox Drive located in?
The 5315 Paradox Drive is a house located in the neighborhood of Sundown in Powers, Colorado Springs.
What is the average sales price for listings in 5315 Paradox Drive?
The average sales price for units in 5315 Paradox Drive is $0 currently.

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