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7164 Cottonwood Tree Drive

7164 Cottonwood Tree Drive, Colorado Springs, CO 80915
House in El Paso
Sold Oct 11, 2019
$495,000
$343,000 by The Federal Savings Bank
Mortgage Due Jul 01, 2050
Sold Mar 09, 2015
$397,500
$410,617 by Usaa Fsb
Mortgage Due Apr 01, 2045
Local assessors in Colorado Springs, CO have categorized 7164 Cottonwood Tree Drive as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 8,168 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 13 rooms in the home. Of these, 5 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7164 Cottonwood Tree Drive has a total of 3,941 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 1,351 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 641 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 - B. The building has a gable or hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. 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. 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, 7164 Cottonwood Tree Drive sold most recently in Oct 11, 2019 for a total of $495,000. If you work out the math, that's approximately a cost of $106.36 per sqft. Before that, the property was also sold for $397,500 in Mar 6, 2015. 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 $4,104 in taxes each year. 7164 Cottonwood Tree Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $33,870. If we break it down further, the land itself was valued at $5,560. Improvements to the property, however, were assessed at a total of $28,310. 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.

Building Features

Exterior

Stone Exterior
Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • 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: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,351
  • Garage Type: Attached
  • Garage Square Area: 641
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 8,168
  • Total Building Area: 4,654
  • Gross Building Area: 5,012
  • Building Area: 3,941
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,941
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BANNING LEWIS RANCH FIL NO 5
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 8 BLK 19 BANNING LEWIS RANCH FIL NO 5

Ownership

  • Current Owner : LENNON JAMES M
  • Previous Owner : MOORE TIMOTHY JAY
  • Owner Before Previous Owner: ANDERSON LUKE J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Falcon School District 49
  • School Tax School District: SKG
  • Census Tract: 005122

Zoning

  • Zoning: PUD AO

Geography

  • Assessors Map Reference: Sep 13, 2065
  • Parcel: 53092-04-043
  • Block: 19
  • Lot: 8
  • Municipality: FALCON 49
  • Latitude: 38.9349
  • Longitude: -104.675

    Address

  • Full Address: 7164 Cottonwood Tree Dr
  • Address - House Number: 7164
  • Address - Street Name: Cottonwood Tree
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R056
  • 4-Digit Zip Code: 4016
  • Zip Code: 80927

Valuation

    Tax

  • Total Area: 4,013
  • Tax Year: 2022
  • Tax Amount: $4,104
  • Tax Rate Code Area: SKG

    Appraisal Valuation

  • Standard Deviation: 0.1124
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 697,429
  • High Value: 775,856
  • Low Value: 619,002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $343,000
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jun 16, 2020
  • First Open Lien Mortgage Loan Amount: $343,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $487,333
  • Market Land Value: $80,000
  • Market Improvement Value: $407,333

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,870
  • Assessed Land Value: $5,560
  • Assessed Improvements Value: $28,310

    Sales

  • Current Sale Contract Date: Oct 11, 2019
  • Current Sale Recording Date: Oct 11, 2019
  • Current Sale Transaction ID: 11660627373
  • Current Sale Price: $495,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219126845
  • Previous Sale Recording Date: Mar 09, 2015
  • Previous Sale Contract Date: Mar 06, 2015
  • Previous Sale Amount: $397,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Oct 11, 2019
  • First Mortgage Loan Amount: $345,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Mar 09, 2015
  • Previous Mortgage Loan Amount: $410,617
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2045

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Frequently Asked Questions

What neighborhood is 7164 Cottonwood Tree Drive located in?
The 7164 Cottonwood Tree Drive is a house located in the neighborhood of El Paso in Colorado Springs, Colorado Springs.
What is the average sales price for listings in 7164 Cottonwood Tree Drive?
The average sales price for units in 7164 Cottonwood Tree Drive is $0 currently.

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