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622 Prospect Lake Drive

622 Prospect Lake Drive, Colorado Springs, CO 80910
Multifamily in Memorial Park
622 Prospect Lake 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 1955 and is 69 years old. However, we must point out that the home was most recently renovated and altered in 2000. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 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, 622 Prospect Lake Drive has 2,198 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 finished improved basement that is 952 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 5,160 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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 detached garage for those who require parking. The garage measured 418 sqft. According to our sources, there are a total of 2 available parking spaces. 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 stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. The property was last sold in Oct 4, 2019 for $387,400. That's $176.25 per sqft. Prior to that sales transaction, the property was also sold in May 17, 2016 for $152,150. 622 Prospect Lake Drive was last assessed in 2022. The total value of the property was assessed at $29,120. Specifically, the land the property is located on was valued at $3,180. While improvements on the property were assessed at a total of $25,940. 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 $1,629. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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

Stucco Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190812
08/12/2019
Studio
-
-
$375,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 952
  • Garage Type: Detached
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,160
  • Total Building Area: 2,198
  • Gross Building Area: 2,358
  • Building Area: 2,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROSPECT LAKE ADD
  • Land Acres: 0.119
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 4 BLK 1 PROSPECT LAKE ADD COLO SPGS

Ownership

  • Current Owner : KOURI ANTHONY M
  • Current Owner 2: KELLY BRITTANY E
  • Previous Owner : 622 PROSPECT LAKE DR LLC
  • Owner Before Previous Owner: WELLS FARGO BANK NA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 002700

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 64201-01-027
  • Block: 1
  • Lot: 4
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8243
  • Longitude: -104.802

    Address

  • Full Address: 622 Prospect Lake Dr
  • Address - House Number: 622
  • Address - Street Name: Prospect Lake
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C001
  • 4-Digit Zip Code: 3636
  • Zip Code: 80910

Valuation

    Tax

  • Total Area: 2,198
  • Tax Year: 2022
  • Tax Amount: $1,629
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.124
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 86
  • Final Value: 630,703
  • High Value: 708,937
  • Low Value: 552,470

    Market Valuation

  • Market Total Value: $428,250
  • Market Land Value: $46,800
  • Market Improvement Value: $381,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,120
  • Assessed Land Value: $3,180
  • Assessed Improvements Value: $25,940

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 11, 2019
  • Current Sale Transaction ID: 11660698590
  • Current Sale Price: $387,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219126734
  • Previous Sale Recording Date: Jul 18, 2016
  • Previous Sale Contract Date: May 17, 2016
  • Previous Sale Amount: $152,150
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 11, 2019
  • First Mortgage Loan Amount: $308,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

About Southeast Colorado Springs



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Frequently Asked Questions

What neighborhood is 622 Prospect Lake Drive located in?
The 622 Prospect Lake Drive is a multifamily located in the neighborhood of Memorial Park in Southeast Colorado Springs, Colorado Springs.
What is the average sales price for listings in 622 Prospect Lake Drive?
The average sales price for units in 622 Prospect Lake Drive is $0 currently.

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