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598 Observatory Drive

598 Observatory Drive, Colorado Springs, CO 80904
598 Observatory Drive is a condo located in Old Colorado City, Colorado Springs. The building was first built in 1986 and is 38 years old. In total, 598 Observatory Drive has a total floor area of 1,678 square feet. 598 Observatory Drive has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 1 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 322 days Meaning, listings tend to sell at a median of $145 price per square foot. The transaction that took the longest to complete was listed on May 07, 2019 for $204,000. This particular unit ultimately sold 322 days later for $0. The most recent transaction which was first advertised on May 07, 2019, sold for $0 on Mar 24, 2020. Fun fact, the oldest transaction we have on record took place on Mar 24, 2020. See the full transaction history for 598 Observatory Drive below.

Old Colorado City, where 598 Observatory Drive is located, has a median asking price of $345,000 for condo buildings. Meanwhile, the building itself has a median asking price of $199,900. For interested buyers, that means the building's median asking price is around 0.42% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190507
05/07/2019
2 Bed
2 Bath
1379 ft²
$204,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1379 ft²
-
03/24/2020
Elizabeth F Maloney CDPE

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 263
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 558
  • Total Building Area: 1,642
  • Gross Building Area: 1,678
  • Building Area: 1,379
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,379
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROMONTORY POINT PHASE X,
  • Land Acres: 0.013
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDOMINIUM UNIT G, BLDG 5, IN THE PROMONTORY POINT PHASE X, IN ACCORDANCE WITH THE DECLARATION RECORDED JULY 28, 1987, IN BK 5400 AT PG 1075, AND CONDOMINIUM PLAT RECORDED JULY 28, 1987 IN PLAT BK 5 AT PG 30 OF THE EL PASO COUNTY RECORDS

Ownership

  • Current Owner : SANDERSON RUSSELL J
  • Current Owner 2: SANDERSON MARY R
  • Previous Owner : ORI THOMAS A
  • Owner Before Previous Owner: DOZIER PATRICIA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 001400

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: Dec 14, 2067
  • Parcel: 74123-17-077
  • Lot: G
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8424
  • Longitude: -104.842

    Address

  • Full Address: 598 Observatory Dr
  • Address - House Number: 598
  • Address - Street Name: Observatory
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C002
  • 4-Digit Zip Code: 3959
  • Zip Code: 80904

Valuation

    Tax

  • Total Area: 1,379
  • Tax Year: 2022
  • Tax Amount: $922
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.129
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 85
  • Final Value: 346,771
  • High Value: 391,517
  • Low Value: 302,025

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $190,000
  • First Open Lien Mortgage Lender: KEYBANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Feb 17, 2022
  • First Open Lien Mortgage Loan Amount: $190,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $237,164
  • Market Land Value: $41,500
  • Market Improvement Value: $195,664

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,480
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $13,600

    Sales

  • Current Sale Contract Date: Jun 14, 2019
  • Current Sale Recording Date: Jul 02, 2019
  • Current Sale Transaction ID: 11620661094
  • Current Sale Price: $199,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219074152
  • Previous Sale Recording Date: Aug 31, 1999
  • Previous Sale Contract Date: Aug 27, 1999
  • Previous Sale Amount: $126,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: V I P MORTGAGE INC
  • First Mortgage Transaction Date: Jul 02, 2019
  • First Mortgage Loan Amount: $155,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Aug 31, 1999
  • Previous Mortgage Loan Amount: $101,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2029

About Old Colorado City



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Frequently Asked Questions

What neighborhood is 598 Observatory Drive located in?
The 598 Observatory Drive is a condo located in the neighborhood of Old Colorado City in Old Colorado City, Colorado Springs.
What is the average sales price for listings in 598 Observatory Drive?
The average sales price for units in 598 Observatory Drive is $199,900 , or $145/sqft. currently.

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