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5430 Balsam Street

5430 Balsam Street, Colorado Springs, CO 80923
Property in Sundown
Sold Aug 30, 2021
Transfer
$248,000 by Navy Fcu
Mortgage Due Sep 01, 2051
Sold Jun 01, 2004
$155,000
$155,000 by Mortgage Solutions Of Colorado
Mortgage Due Jun 01, 2034
Local assessors in Colorado Springs, CO have categorized 5430 Balsam Street as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 4,500 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 5 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 5430 Balsam Street has a total of 850 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 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. 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 - C. The building has a gable or hip style roof that was made of composition shingle. Lots of wood siding 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $155,000 in May 27, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,155 in taxes each year. 5430 Balsam Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $19,290. 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 $15,290. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 816
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 2,066
  • Gross Building Area: 2,066
  • Building Area: 850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 850
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNDOWN NORTH SUB FIL NO 7
  • Land Acres: 0.103
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 9 SUNDOWN NORTH SUB FIL NO 7

Ownership

  • Current Owner : LOCKMAN JEFFREY T
  • Previous Owner : LOCKMAN ANGELA C
  • Previous Owner 2: MARSHALL ANGELA
  • Owner Before Previous Owner: CARTER CHARLOTTE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FCB
  • Census Tract: 004708

Zoning

  • Zoning: R1-6 DF AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63131-25-010
  • Lot: 9
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9254
  • Longitude: -104.726

    Address

  • Full Address: 5430 Balsam St
  • Address - House Number: 5430
  • Address - Street Name: Balsam
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C063
  • 4-Digit Zip Code: 5147
  • Zip Code: 80923

Valuation

    Tax

  • Total Area: 1,666
  • Tax Year: 2022
  • Tax Amount: $1,155
  • Tax Rate Code Area: FCB

    Appraisal Valuation

  • Standard Deviation: 0.1329
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 84
  • Final Value: 370,801
  • High Value: 420,085
  • Low Value: 321,518

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $336,000
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Aug 30, 2021
  • First Open Lien Mortgage Loan Amount: $248,000
  • 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: Sep 01, 2051
  • Second Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jan 20, 2023
  • Second Open Lien Mortgage Loan Amount: $88,000
  • Second Open Lien Mortgage Term: 480
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2063

    Market Valuation

  • Market Total Value: $277,516
  • Market Land Value: $57,500
  • Market Improvement Value: $220,016

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,290
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $15,290

    Sales

  • Current Sale Contract Date: Jun 07, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Transaction ID: 11853665020
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 221163757
  • Previous Sale Recording Date: Jun 01, 2004
  • Previous Sale Contract Date: May 27, 2004
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: Aug 30, 2021
  • First Mortgage Loan Amount: $248,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • Previous Mortgage Transaction Date: Jun 01, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $155,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jun 01, 2034

About Powers



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Frequently Asked Questions

What neighborhood is 5430 Balsam Street located in?
The 5430 Balsam Street is a located in the neighborhood of Sundown in Powers, Colorado Springs.
What is the average sales price for listings in 5430 Balsam Street?
The average sales price for units in 5430 Balsam Street is $0 currently.

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