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5583 East Old Farm Circle

5583 East Old Farm Circle, Colorado Springs, CO 80917
Property in Old Farm
Sold Nov 02, 2017
$255,000
$204,000 by Caliber Home Loans Inc
Mortgage Due Dec 01, 2047
Sold Jan 17, 2012
$197,000
$192,006 by Universal Lending Corp
Mortgage Due Feb 01, 2042
5583 East Old Farm Circle in Colorado Springs, CO was first built in 1982 and is 42 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 7 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. 5583 East Old Farm Circle has 2,209 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 552 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 9,461 square feet.

Learn more about the property and building on this page. There is a porch and a patio. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 484 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. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5583 East Old Farm Circle was last sold in Nov 2, 2017 for $255,000. According to our calculations, that's $91.30 per sqft. Prior to that sales transaction, the property was sold for $197,000 in Jan 13, 2012. Current property owners are expected to pay $1,357 in taxes per year. The property on 5583 East Old Farm Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $24,250. To break that down further, the land itself was valued at $4,170. While improvements to the property were assessed at a total of $20,080. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 7
  • 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: Partial basement
  • Basement Area: 552
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 9,461
  • Total Building Area: 2,793
  • Gross Building Area: 2,793
  • Building Area: 2,209
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,209
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD FARM SUB FIL NO 3
  • Land Acres: 0.217
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 37 OLD FARM SUB FIL NO 3 COLO SPGS

Ownership

  • Current Owner : WEBSTER MATTHEW A
  • Current Owner 2: WEBSTER BRIDGET M
  • Previous Owner : RANDOL MICHAEL
  • Previous Owner 2: RANDOL JENNIFER
  • Owner Before Previous Owner: ALBAUGH ROGER D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBY
  • Census Tract: 005501

Zoning

  • Zoning: R1-6 AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63244-01-035
  • Lot: 37
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9027
  • Longitude: -104.724

    Address

  • Full Address: 5583 E Old Farm Cir
  • Address - House Number: 5583
  • Street Direction: E
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Cir
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C028
  • 4-Digit Zip Code: 1121
  • Zip Code: 80917

Valuation

    Tax

  • Total Area: 2,309
  • Tax Year: 2022
  • Tax Amount: $1,357
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 479,949
  • High Value: 533,187
  • Low Value: 426,712

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $403,000
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Nov 02, 2017
  • First Open Lien Mortgage Loan Amount: $204,000
  • 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: Dec 01, 2047
  • Second Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • Second Open Lien Mortgage Recording Date: May 06, 2021
  • Second Open Lien Mortgage Loan Amount: $199,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $348,946
  • Market Land Value: $60,000
  • Market Improvement Value: $288,946

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,250
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $20,080

    Sales

  • Current Sale Contract Date: Nov 02, 2017
  • Current Sale Recording Date: Nov 02, 2017
  • Current Sale Transaction ID: 11295945179
  • Current Sale Price: $255,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 217133827
  • Previous Sale Recording Date: Jan 17, 2012
  • Previous Sale Contract Date: Jan 13, 2012
  • Previous Sale Amount: $197,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Nov 02, 2017
  • First Mortgage Loan Amount: $204,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: UNIVERSAL LENDING CORP
  • Previous Mortgage Transaction Date: Jan 17, 2012
  • Previous Mortgage Loan Amount: $192,006
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2042

About Powers



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Frequently Asked Questions

What neighborhood is 5583 East Old Farm Circle located in?
The 5583 East Old Farm Circle is a located in the neighborhood of Old Farm in Powers, Colorado Springs.
What is the average sales price for listings in 5583 East Old Farm Circle?
The average sales price for units in 5583 East Old Farm Circle is $0 currently.

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