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6996 Mustang Rim Drive

6996 Mustang Rim Drive, Colorado Springs, CO 80923
House in Ridgeview
Sold May 25, 2021
$490,000
$360,000 by Cherry Creek Mortgage Co Inc
Mortgage Due Jun 01, 2051
Sold Jun 21, 2018
$357,600
$344,808 by Cherry Creek Mortgage Co Inc
Mortgage Due Jul 01, 2038
Local assessors in Colorado Springs, CO have categorized 6996 Mustang Rim Drive as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 5,650 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6996 Mustang Rim Drive has a total of 2,623 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,370 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a covered porch and a patio so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6996 Mustang Rim Drive was last sold in May 25, 2021 for $490,000. According to our calculations, that's $151.14 per sqft. Prior to that sales transaction, the property was sold for $357,600 in Jun 19, 2018. Current property owners are expected to pay $2,812 in taxes per year. The property on 6996 Mustang Rim Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $28,920. To break that down further, the land itself was valued at $6,670. While improvements to the property were assessed at a total of $22,250. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Exterior

Stone Exterior
Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,370
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,650
  • Total Building Area: 3,242
  • Gross Building Area: 3,281
  • Building Area: 2,623
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,623
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INDIGO RANCH NORTH AT STETSON RIDGE FIL
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 11 INDIGO RANCH NORTH AT STETSON RIDGE FIL NO 12B

Ownership

  • Current Owner : ATKINS CRAIG S
  • Current Owner 2: ATKINS JULIANA M
  • Previous Owner : THOMPSON MATTHEW
  • Previous Owner 2: THOMPSON DAWN
  • Owner Before Previous Owner: ELITE PROPERTIES OF AMERICA INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Ellicott School District 22
  • School Tax School District: SHY
  • Census Tract: 005125

Zoning

  • Zoning: PUD AO

Geography

  • Assessors Map Reference: MP: 3084
  • Parcel: 53084-15-022
  • Lot: 11
  • Municipality: FALCON 49
  • Latitude: 38.9298
  • Longitude: -104.683

    Address

  • Full Address: 6996 Mustang Rim Dr
  • Address - House Number: 6996
  • Address - Street Name: Mustang Rim
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R058
  • 4-Digit Zip Code: 4206
  • Zip Code: 80923

Valuation

    Tax

  • Total Area: 2,762
  • Tax Year: 2022
  • Tax Amount: $2,812
  • Tax Rate Code Area: SHY

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 87
  • Final Value: 561,843
  • High Value: 627,009
  • Low Value: 496,677

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: May 25, 2021
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $416,177
  • Market Land Value: $96,000
  • Market Improvement Value: $320,177

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,920
  • Assessed Land Value: $6,670
  • Assessed Improvements Value: $22,250

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Transaction ID: 11836252755
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 221102873
  • Previous Sale Recording Date: Jun 21, 2018
  • Previous Sale Contract Date: Jun 19, 2018
  • Previous Sale Amount: $357,600
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Mortgage Transaction Date: May 25, 2021
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Jun 21, 2018
  • Previous Mortgage Loan Amount: $344,808
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jul 01, 2038

About Powers



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Frequently Asked Questions

What neighborhood is 6996 Mustang Rim Drive located in?
The 6996 Mustang Rim Drive is a house located in the neighborhood of Ridgeview in Powers, Colorado Springs.
What is the average sales price for listings in 6996 Mustang Rim Drive?
The average sales price for units in 6996 Mustang Rim Drive is $0 currently.

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