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728 East Rio Grande Street

728 East Rio Grande Street, Colorado Springs, CO 80903
Multifamily in Memorial Park
Sold Nov 12, 2019
$215,000
$161,250 by Academy Mortgage Corp
Mortgage Due Dec 01, 2049
728 East Rio Grande Street 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 1954 and is 70 years old. The home has a total of 8 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. 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, 728 East Rio Grande Street has 1,248 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,115 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. Residents will have the luxury of enjoying 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 asphalt and ply sheets in a built-up roof style. 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. In terms of heating, it is utilizing floor/wall heating system. 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, 728 East Rio Grande Street sold most recently in Nov 12, 2019 for a total of $215,000. If you work out the math, that's approximately a cost of $172.28 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 $820 in taxes each year. 728 East Rio Grande Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $14,660. If we break it down further, the land itself was valued at $3,180. Improvements to the property, however, were assessed at a total of $11,480. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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
Wood Exterior
Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: Built-up
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 8,115
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHEYENNE ADD
  • Land Acres: 0.186
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 8, E 25 FT OF LOT 7 BLK 2 CHEYENNE ADD COLO SPGS

Ownership

  • Current Owner : MULLETT JONATHON E
  • Previous Owner : WEDLER HARRY G
  • Previous Owner 2: WEDLER STEFANIE M

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 002200

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 64202-04-017
  • Block: 2
  • Lot: 8,7
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8243
  • Longitude: -104.812

    Address

  • Full Address: 728 E Rio Grande St
  • Address - House Number: 728
  • Street Direction: E
  • Address - Street Name: Rio Grande
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C025
  • 4-Digit Zip Code: 4557
  • Zip Code: 80903

Valuation

    Tax

  • Total Area: 1,248
  • Tax Year: 2022
  • Tax Amount: $820
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1222
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 86
  • Final Value: 355,564
  • High Value: 399,016
  • Low Value: 312,111

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $161,250
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 12, 2019
  • First Open Lien Mortgage Loan Amount: $161,250
  • 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: $215,620
  • Market Land Value: $46,800
  • Market Improvement Value: $168,820

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,660
  • Assessed Land Value: $3,180
  • Assessed Improvements Value: $11,480

    Sales

  • Current Sale Contract Date: Nov 12, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Transaction ID: 11677770460
  • Current Sale Price: $215,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219142148

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 12, 2019
  • First Mortgage Loan Amount: $161,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

About Southeast Colorado Springs



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Frequently Asked Questions

What neighborhood is 728 East Rio Grande Street located in?
The 728 East Rio Grande Street 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 728 East Rio Grande Street?
The average sales price for units in 728 East Rio Grande Street is $200,000 , or $160/sqft. currently.

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