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5840 East Old Farm Circle

5840 East Old Farm Circle, Colorado Springs, CO 80917
House in Old Farm
Sold Nov 22, 2021
$434,000
$412,300 by Cmg Mortgage Inc
Mortgage Due Dec 01, 2051
Sold May 01, 1984
Transfer
5840 East Old Farm Circle in Colorado Springs, CO was first built in 1983 and is 41 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 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5840 East Old Farm Circle has 1,932 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 1,302 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 8,469 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 400 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 a combination of material. 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, 5840 East Old Farm Circle was last sold in Nov 19, 2021 for $434,000. According to our calculations, that's $142.76 per sqft. Current property owners are expected to pay $1,343 in taxes per year. The property on 5840 East Old Farm Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $24,000. To break that down further, the land itself was valued at $4,170. While improvements to the property were assessed at a total of $19,830. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,302
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,469
  • Total Building Area: 3,040
  • Gross Building Area: 3,040
  • Building Area: 1,932
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,932
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD FARM SUB FIL NO 8
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 25 OLD FARM SUB FIL NO 8 COLO SPGS

Ownership

  • Current Owner : THEOBALD MICHELE LEE
  • Previous Owner : FISCHER JAMES L
  • Previous Owner 2: ESTATE OF VIRGINIA MARIE FISCH
  • Is Owner Occupied: Owner-occupied property

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: 63241-06-004
  • Lot: 25
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.9063
  • Longitude: -104.726

    Address

  • Full Address: 5840 E Old Farm Cir
  • Address - House Number: 5840
  • 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: 1144
  • Zip Code: 80917

Valuation

    Tax

  • Total Area: 2,640
  • Tax Year: 2022
  • Tax Amount: $1,343
  • Tax Rate Code Area: FBY

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 472,224
  • High Value: 524,605
  • Low Value: 419,843

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $412,300
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $412,300
  • 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, 2051

    Market Valuation

  • Market Total Value: $345,332
  • Market Land Value: $60,000
  • Market Improvement Value: $285,332

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $19,830

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11869087841
  • Current Sale Price: $434,000
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 221215272
  • Previous Sale Recording Date: May 01, 1984
  • Previous Sale Contract Date: May 01, 1984
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $412,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Powers



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Frequently Asked Questions

What neighborhood is 5840 East Old Farm Circle located in?
The 5840 East Old Farm Circle is a house located in the neighborhood of Old Farm in Powers, Colorado Springs.
What is the average sales price for listings in 5840 East Old Farm Circle?
The average sales price for units in 5840 East Old Farm Circle is $0 currently.

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