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7173 Cottonwood Tree Drive

7173 Cottonwood Tree Drive, Colorado Springs, CO 80915
House in El Paso
Sold Sep 07, 2018
$525,000
$415,000 by Fairway Independent Mortgage C
Mortgage Due Mar 01, 2036
Sold Sep 09, 2014
$464,900
$417,000 by Nova Financial & Investment Co
Mortgage Due Oct 01, 2044
7173 Cottonwood Tree Drive in Colorado Springs, CO was first built in 2012 and is 12 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 12 rooms in the home, of which, 7 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 7173 Cottonwood Tree Drive has 4,107 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 1,924 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 7,592 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 style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 622 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 stucco. 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. 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, 7173 Cottonwood Tree Drive was last sold in Sep 6, 2018 for $525,000. According to our calculations, that's $100.15 per sqft. Prior to that sales transaction, the property was sold for $464,900 in Sep 8, 2014. Current property owners are expected to pay $4,244 in taxes per year. The property on 7173 Cottonwood Tree Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $35,020. To break that down further, the land itself was valued at $5,560. While improvements to the property were assessed at a total of $29,460. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 1,924
  • Garage Type: Attached
  • Garage Square Area: 622
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 7,592
  • Total Building Area: 5,242
  • Gross Building Area: 5,462
  • Building Area: 4,107
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,107
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BANNING LEWIS RANCH FIL NO 5
  • Land Acres: 0.174
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 2 BLK 20 BANNING LEWIS RANCH FIL NO 5

Ownership

  • Current Owner : BUI VU
  • Current Owner 2: PHAM HONG
  • Previous Owner : SPRIET DANIEL J
  • Previous Owner 2: SPRIET MARY M
  • Owner Before Previous Owner: VANTAGE HOMES CORP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

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: 53092-09-002
  • Block: 20
  • Lot: 2
  • Municipality: FALCON 49
  • Latitude: 38.9351
  • Longitude: -104.674

    Address

  • Full Address: 7173 Cottonwood Tree Dr
  • Address - House Number: 7173
  • 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: 4,620
  • Tax Year: 2022
  • Tax Amount: $4,244
  • Tax Rate Code Area: SKG

    Appraisal Valuation

  • Standard Deviation: 0.1297
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 85
  • Final Value: 790,500
  • High Value: 893,072
  • Low Value: 687,927

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $415,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Feb 16, 2021
  • First Open Lien Mortgage Loan Amount: $415,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2036

    Market Valuation

  • Market Total Value: $503,870
  • Market Land Value: $80,000
  • Market Improvement Value: $423,870

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,020
  • Assessed Land Value: $5,560
  • Assessed Improvements Value: $29,460

    Sales

  • Current Sale Contract Date: Sep 06, 2018
  • Current Sale Recording Date: Sep 07, 2018
  • Current Sale Transaction ID: 11504773450
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 218104732
  • Previous Sale Recording Date: Sep 09, 2014
  • Previous Sale Contract Date: Sep 08, 2014
  • Previous Sale Amount: $464,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSAL LENDING CORP
  • First Mortgage Transaction Date: Sep 07, 2018
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: NOVA FINANCIAL & INVESTMENT CO
  • Previous Mortgage Transaction Date: Sep 09, 2014
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2044

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Frequently Asked Questions

What neighborhood is 7173 Cottonwood Tree Drive located in?
The 7173 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 7173 Cottonwood Tree Drive?
The average sales price for units in 7173 Cottonwood Tree Drive is $0 currently.

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