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5361 Silverstone Terrace

5361 Silverstone Terrace, Colorado Springs, CO 80919
Property in Mountain Shadows
Sold Oct 31, 2022
$649,900
$647,200 by Movement Mortgage Llc
Mortgage Due Nov 01, 2052
Sold Apr 07, 2021
$550,331
$439,580 by Movement Mortgage
Mortgage Due May 01, 2051
5361 Silverstone Terrace in Colorado Springs, CO was first built in 2020 and is 4 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 ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5361 Silverstone Terrace has 2,724 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 1,480 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 4,017 square feet.

Learn more about the property and building on this page. There is a covered porch and 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 462 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 B. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central 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, 5361 Silverstone Terrace sold most recently in Oct 27, 2022 for a total of $649,900. If you work out the math, that's approximately a cost of $189.92 per sqft. Before that, the property was also sold for $550,331 in Apr 2, 2021. 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 $3,310 in taxes each year. 5361 Silverstone Terrace was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $34,480. If we break it down further, the land itself was valued at $4,690. Improvements to the property, however, were assessed at a total of $29,790. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,480
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 4,017
  • Total Building Area: 3,422
  • Gross Building Area: 3,576
  • Building Area: 2,724
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,724
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TUSCAN FOOTHILLS VILLAGE FIL NO 1
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 27 TUSCAN FOOTHILLS VILLAGE FIL NO 1

Ownership

  • Current Owner : PETE DERRICK WAYNE
  • Current Owner 2: PETE JENNIFER LATRICE
  • Previous Owner : MARX MICHELLE M
  • Owner Before Previous Owner: TUSCAN BENCH DEVELOPMENT INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Academy School District 20
  • School Tax School District: FBA
  • Census Tract: 003708

Zoning

  • Zoning: PUD HS

Geography

  • Assessors Map Reference: MP: 3232
  • Parcel: 73232-10-049
  • Lot: 27
  • Municipality: COLO SPGS SCHOOL NO 11
  • Latitude: 38.9089
  • Longitude: -104.864

    Address

  • Full Address: 5361 Silverstone Ter
  • Address - House Number: 5361
  • Address - Street Name: Silverstone
  • Address - Suffix Type: Ter
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C034
  • 4-Digit Zip Code: 3602
  • Zip Code: 80919

Valuation

    Tax

  • Total Area: 2,960
  • Tax Year: 2022
  • Tax Amount: $3,310
  • Tax Rate Code Area: FBA

    Appraisal Valuation

  • Standard Deviation: 0.1111
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 88
  • Final Value: 651,089
  • High Value: 723,430
  • Low Value: 578,749

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $647,200
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 31, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $647,200
  • 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: Nov 01, 2052

    Market Valuation

  • Market Total Value: $496,200
  • Market Land Value: $67,500
  • Market Improvement Value: $428,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,480
  • Assessed Land Value: $4,690
  • Assessed Improvements Value: $29,790

    Sales

  • Current Sale Contract Date: Oct 27, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Transaction ID: 11898267485
  • Current Sale Price: $649,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 135973
  • Previous Sale Recording Date: Apr 07, 2021
  • Previous Sale Contract Date: Apr 02, 2021
  • Previous Sale Amount: $550,331
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 31, 2022
  • First Mortgage Loan Amount: $647,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MOVEMENT MORTGAGE
  • Previous Mortgage Transaction Date: Apr 07, 2021
  • Previous Mortgage Loan Amount: $439,580
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

About Northwest Colorado Springs



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Frequently Asked Questions

What neighborhood is 5361 Silverstone Terrace located in?
The 5361 Silverstone Terrace is a located in the neighborhood of Mountain Shadows in Northwest Colorado Springs, Colorado Springs.
What is the average sales price for listings in 5361 Silverstone Terrace?
The average sales price for units in 5361 Silverstone Terrace is $0 currently.

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