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6970 Cotton Drive

6970 Cotton Drive, Colorado Springs, CO 80923
Property in Norwood
Sold Nov 12, 2019
$416,500
$374,850 by Quicken Loans Inc
Mortgage Due Dec 01, 2049
Sold Sep 30, 2011
Transfer
$250,000 by Peoples Mortgage Corp
Mortgage Due Oct 01, 2041
6970 Cotton Drive in Colorado Springs, CO was first built in 1994 and is 30 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 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 6970 Cotton Drive has 3,648 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 1,509 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 12,828 square feet.

Learn more about the property and building on this page. There is a covered 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 436 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 B. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with central 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. 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, 6970 Cotton Drive sold most recently in Nov 4, 2019 for a total of $416,500. If you work out the math, that's approximately a cost of $98.51 per sqft. 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 $2,170 in taxes each year. 6970 Cotton Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $30,960. 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 $25,900. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,509
  • Garage Type: Attached
  • Garage Square Area: 436
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 12,828
  • Total Building Area: 4,228
  • Gross Building Area: 4,408
  • Building Area: 3,648
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,648
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COTTONWOOD SUB
  • Land Acres: 0.295
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 50 BLK 1 COTTONWOOD SUB CO SPGS

Ownership

  • Current Owner : FALES KEVIN M
  • Current Owner 2: FALES KIMBERLY A
  • Previous Owner : HOLCOMB RICHARD S
  • Previous Owner 2: HOLCOMB SOMJAI L
  • Owner Before Previous Owner: HOLCOMB RICHARD S
  • Owner Before Previous Owner 2: HOLCOMB SOMJAI L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Academy School District 20
  • School Tax School District: JCH
  • Census Tract: 006902

Zoning

  • Zoning: R1-6 DF CU

Geography

  • Assessors Map Reference: Nov 13, 2066
  • Parcel: 63112-04-024
  • Block: 1
  • Lot: 50
  • Municipality: ACADEMY 20
  • Latitude: 38.934
  • Longitude: -104.754

    Address

  • Full Address: 6970 Cotton Dr
  • Address - House Number: 6970
  • Address - Street Name: Cotton
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C069
  • 4-Digit Zip Code: 6388
  • Zip Code: 80923

Valuation

    Tax

  • Total Area: 2,990
  • Tax Year: 2022
  • Tax Amount: $2,170
  • Tax Rate Code Area: JCH

    Appraisal Valuation

  • Standard Deviation: 0.1054
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 89
  • Final Value: 597,983
  • High Value: 661,021
  • Low Value: 534,946

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $374,850
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Nov 12, 2019
  • First Open Lien Mortgage Loan Amount: $374,850
  • 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, 2049

    Market Valuation

  • Market Total Value: $445,390
  • Market Land Value: $72,800
  • Market Improvement Value: $372,590

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,960
  • Assessed Land Value: $5,060
  • Assessed Improvements Value: $25,900

    Sales

  • Current Sale Contract Date: Nov 04, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Transaction ID: 11677778133
  • Current Sale Price: $416,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219141362
  • Previous Sale Recording Date: Sep 30, 2011
  • Previous Sale Contract Date: Sep 22, 2011
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Nov 12, 2019
  • First Mortgage Loan Amount: $374,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 30, 2011
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Oct 01, 2041

About Powers



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Frequently Asked Questions

What neighborhood is 6970 Cotton Drive located in?
The 6970 Cotton Drive is a located in the neighborhood of Norwood in Powers, Colorado Springs.
What is the average sales price for listings in 6970 Cotton Drive?
The average sales price for units in 6970 Cotton Drive is $0 currently.

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