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5705 Del Rey Drive

5705 Del Rey Drive, Colorado Springs, CO 80918
House in Norwood
Sold Dec 27, 2022
$400,000
$392,755 by Paramount Residential Mortgage
Mortgage Due Jan 01, 2053
Sold May 11, 2015
$219,500
$215,523 by New American Funding
Mortgage Due Jun 01, 2045
5705 Del Rey 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 1973 and is 51 years old. The home has a total of 8 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5705 Del Rey Drive has 2,495 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a unknown that is 1,176 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,300 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. Residents will have the luxury of enjoying both a 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. There is a single fireplace in the home. Perfect for those wintery 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, 5705 Del Rey Drive sold most recently in Dec 23, 2022 for a total of $400,000. If you work out the math, that's approximately a cost of $160.32 per sqft. Before that, the property was also sold for $219,500 in May 8, 2015. 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 $1,187 in taxes each year. 5705 Del Rey Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $21,210. If we break it down further, the land itself was valued at $5,060. Improvements to the property, however, were assessed at a total of $16,150. 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.

Building Features

Condition

New Construction

Exterior

Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 1
  • Living Units: 1
  • Basement Area: 1,176
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,300
  • Total Building Area: 2,495
  • Gross Building Area: 2,495
  • Building Area: 2,495
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,495
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VISTA GRANDE TERRACE FIL NO 16
  • Land Acres: 0.191
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 1 BLK 2 A REPLAT OF VISTA GRANDE TERRACE FIL NO 16

Ownership

  • Current Owner : VALLEJOS FERNANDA L ARANGUA
  • Current Owner 2: ARANGUA ANDRES A
  • Previous Owner : TUNOA TUNOA V V
  • Owner Before Previous Owner: MAY ANTHONY T
  • Owner Before Previous Owner 2: MAY LYDIA M
  • 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: 004703

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 63153-13-014
  • Block: 2
  • Lot: 1
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9143
  • Longitude: -104.773

    Address

  • Full Address: 5705 Del Rey Dr
  • Address - House Number: 5705
  • Address - Street Name: Del Rey
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C021
  • 4-Digit Zip Code: 1751
  • Zip Code: 80918

Valuation

    Tax

  • Total Area: 2,495
  • Tax Year: 2022
  • Tax Amount: $1,187
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.0646
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 96
  • Final Value: 428,570
  • High Value: 456,294
  • Low Value: 400,846

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $439,885
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 27, 2022
  • First Open Lien Mortgage Loan Amount: $392,755
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2053
  • Second Open Lien Mortgage Recording Date: Dec 27, 2022
  • Second Open Lien Mortgage Loan Amount: $15,710
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2053
  • Third Open Lien Mortgage Lender: COLORADO HOUSING AND FINANCE A
  • Third Open Lien Mortgage Recording Date: Dec 27, 2022
  • Third Open Lien Mortgage Loan Amount: $15,710
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Jan 01, 2053
  • Fourth Open Lien Mortgage Lender: COLORADO HOUSING AND FINANCE A
  • Fourth Open Lien Mortgage Recording Date: Dec 27, 2022
  • Fourth Open Lien Mortgage Loan Amount: $15,710
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: FHA
  • Fourth Open Lien Mortgage Loan Due Date: Jan 01, 2053

    Market Valuation

  • Market Total Value: $305,146
  • Market Land Value: $72,800
  • Market Improvement Value: $232,346

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,210
  • Assessed Land Value: $5,060
  • Assessed Improvements Value: $16,150

    Sales

  • Current Sale Contract Date: Dec 23, 2022
  • Current Sale Recording Date: Dec 27, 2022
  • Current Sale Transaction ID: 11900578084
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 152447
  • Previous Sale Recording Date: May 11, 2015
  • Previous Sale Contract Date: May 08, 2015
  • Previous Sale Amount: $219,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Dec 27, 2022
  • First Mortgage Loan Amount: $392,755
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2053
  • Second Mortgage Loan Amount: $15,710

    Previous Mortgages

  • Previous Mortgage Lender: NEW AMERICAN FUNDING
  • Previous Mortgage Transaction Date: May 11, 2015
  • Previous Mortgage Loan Amount: $215,523
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2045

About Powers



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Frequently Asked Questions

What neighborhood is 5705 Del Rey Drive located in?
The 5705 Del Rey Drive is a house located in the neighborhood of Norwood in Powers, Colorado Springs.
What is the average sales price for listings in 5705 Del Rey Drive?
The average sales price for units in 5705 Del Rey Drive is $0 currently.

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