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5508 Vermillion Bluffs Drive

5508 Vermillion Bluffs Drive, Colorado Springs, CO 80923
House in Ridgeview
Sold Jul 13, 2022
$400,000
$380,000 by Ent Credit Union
Mortgage Due Aug 01, 2052
Sold Mar 31, 2021
$300,000
$300,000 by Navy Fcu
Mortgage Due Apr 01, 2051
5508 Vermillion Bluffs Drive has been categorized by the local assessors in Colorado Springs, CO as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5508 Vermillion Bluffs Drive has 1,183 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,167 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 390 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a covered porch and a patio. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. In terms of heating, it is utilizing a forced air unit. The property was last sold in Jul 12, 2022 for $400,000. That's $202.84 per sqft. Prior to that sales transaction, the property was also sold in Mar 25, 2021 for $300,000. 5508 Vermillion Bluffs Drive was last assessed in 2022. The total value of the property was assessed at $19,880. Specifically, the land the property is located on was valued at $4,170. While improvements on the property were assessed at a total of $15,710. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,159. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 6
  • 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
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 399
  • Garage Type: Attached
  • Garage Square Area: 390
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,167
  • Total Building Area: 1,972
  • Gross Building Area: 2,047
  • Building Area: 1,183
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,183
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGEVIEW AT STETSON HILLS FIL NO 1
  • Land Acres: 0.142
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 2 RIDGEVIEW AT STETSON HILLS FIL NO 1

Ownership

  • Current Owner : PORTILLO PABLO
  • Previous Owner : TAYLOR GILBERT STEVEN
  • Owner Before Previous Owner: GILLESPIE NATHAN
  • Owner Before Previous Owner 2: GILLESPIE TARA JO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Falcon School District 49
  • School Tax School District: SCN
  • Census Tract: 005120

Zoning

  • Zoning: PUD R1-6 D

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 53183-11-002
  • Lot: 2
  • Municipality: FALCON 49
  • Latitude: 38.912
  • Longitude: -104.712

    Address

  • Full Address: 5508 Vermillion Bluffs Dr
  • Address - House Number: 5508
  • Address - Street Name: Vermillion Bluffs
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R082
  • 4-Digit Zip Code: 3402
  • Zip Code: 80923

Valuation

    Tax

  • Total Area: 1,582
  • Tax Year: 2022
  • Tax Amount: $1,159
  • Tax Rate Code Area: SCN

    Appraisal Valuation

  • Standard Deviation: 0.1289
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 85
  • Final Value: 403,791
  • High Value: 455,860
  • Low Value: 351,723

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: ENT CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 13, 2022
  • First Open Lien Mortgage Loan Amount: $380,000
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $286,067
  • Market Land Value: $60,000
  • Market Improvement Value: $226,067

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,880
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $15,710

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Transaction ID: 11891976961
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 94387
  • Previous Sale Recording Date: Mar 31, 2021
  • Previous Sale Contract Date: Mar 25, 2021
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENT CREDIT UNION
  • First Mortgage Transaction Date: Jul 13, 2022
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FCU
  • Previous Mortgage Transaction Date: Mar 31, 2021
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2051

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Frequently Asked Questions

What neighborhood is 5508 Vermillion Bluffs Drive located in?
The 5508 Vermillion Bluffs Drive is a house located in the neighborhood of Ridgeview in Powers, Colorado Springs.
What is the average sales price for listings in 5508 Vermillion Bluffs Drive?
The average sales price for units in 5508 Vermillion Bluffs Drive is $0 currently.

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