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7525 Mustang Road

7525 Mustang Road, Colorado Springs, CO 80908
Commercial in El Paso
Sold Mar 12, 1993
Transfer
$11,000 by Ent Cu
Mortgage Due Sep 28, 2040
7525 Mustang Road 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 1959 and is 65 years old. The home has a total of 9 rooms. 4 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, 7525 Mustang Road has 2,589 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 598 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 109,335 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 864 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a covered porch and 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 composition shingle. 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 a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,293 in taxes each year. 7525 Mustang Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $25,870. If we break it down further, the land itself was valued at $11,330. Improvements to the property, however, were assessed at a total of $14,540. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • 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: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 598
  • Garage Type: Detached
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 109,335
  • Total Building Area: 2,589
  • Gross Building Area: 2,934
  • Building Area: 2,589
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,589
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: BAR J-B ACRES
  • Land Acres: 2.51
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: W 300 FT OF LOT 1 BLK 1 BAR J-B ACRES SUBJ TO 16.0 FT EASEMENT + R/W TO MT STATES TELEPHONE + TELEGRAPH CO DES BK 2880-131

Ownership

  • Current Owner : PALASCHAK MARIE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Falcon School District 49
  • School Tax School District: SBB
  • Census Tract: 007603

Zoning

  • Zoning: RR-5 CAD-O

Geography

  • Assessors Map Reference: Apr 13, 2065
  • Parcel: 53040-04-009
  • Block: 1
  • Lot: 1
  • Municipality: FALCON 49
  • Latitude: 38.9414
  • Longitude: -104.673

    Address

  • Full Address: 7525 Mustang Rd
  • Address - House Number: 7525
  • Address - Street Name: Mustang
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R090
  • 4-Digit Zip Code: 5014
  • Zip Code: 80908

Valuation

    Tax

  • Total Area: 2,589
  • Tax Year: 2022
  • Tax Amount: $1,293
  • Tax Rate Code Area: SBB

    Appraisal Valuation

  • Standard Deviation: 0.065
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 96
  • Final Value: 968,750
  • High Value: 1,031,731
  • Low Value: 905,769

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $11,000
  • First Open Lien Mortgage Lender: ENT CU
  • First Open Lien Mortgage Recording Date: Oct 01, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $11,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Sep 28, 2040

    Market Valuation

  • Market Total Value: $372,262
  • Market Land Value: $163,000
  • Market Improvement Value: $209,262

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,870
  • Assessed Land Value: $11,330
  • Assessed Improvements Value: $14,540

    Sales

  • Current Sale Contract Date: Mar 12, 1993
  • Current Sale Recording Date: Mar 12, 1993
  • Current Sale Transaction ID: 11537370753
  • Current Sale Document Type: Deed

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Frequently Asked Questions

What neighborhood is 7525 Mustang Road located in?
The 7525 Mustang Road is a commercial located in the neighborhood of El Paso in El Paso, Colorado Springs.
What is the average sales price for listings in 7525 Mustang Road?
The average sales price for units in 7525 Mustang Road is $0 currently.

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