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8080 Old Exchange Drive

8080 Old Exchange Drive, Colorado Springs, CO 80920
House in Briargate
Sold Feb 14, 2019
$445,000
$420,000 by Mortgage Solutions Of Colorado
Mortgage Due Oct 01, 2050
Sold Jan 20, 1999
$238,000
$190,000 by Norwest Mtg
Mortgage Due Feb 01, 2029
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8080 Old Exchange Drive 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 1997 and is 27 years old. The home has a total of 10 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8080 Old Exchange Drive has 3,439 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 partial basement that is 1,132 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 10,853 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level 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 attached garage for those who require parking. The garage measured 624 sqft. According to our sources, there are a total of 2 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 B by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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, 8080 Old Exchange Drive sold most recently in Feb 14, 2019 for a total of $445,000. If you work out the math, that's approximately a cost of $104.85 per sqft. Before that, the property was also sold for $238,000 in Jan 15, 1998. 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 $2,218 in taxes each year. 8080 Old Exchange Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $31,430. If we break it down further, the land itself was valued at $5,960. Improvements to the property, however, were assessed at a total of $25,470. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Brick Exterior / Wood Exterior Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 10
  • 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: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,132
  • Garage Type: Attached
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 10,853
  • Total Building Area: 4,244
  • Gross Building Area: 4,376
  • Building Area: 3,439
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,439
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHARLESTON PLACE FIL NO 2
  • Land Acres: 0.249
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 5 CHARLESTON PLACE FIL NO 2 CO SPGS

Ownership

  • Current Owner : MELLINGER CHRISTOPHER J
  • Current Owner 2: MELLINGER DEBORAH C
  • Previous Owner : THE MAURER FAMILY TRUST
  • Owner Before Previous Owner: MASTERBILT HOMES INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Academy School District 20
  • School Tax School District: JDE
  • Census Tract: 006802

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Mar 13, 2066
  • Parcel: 63031-10-006
  • Lot: 5
  • Municipality: ACADEMY 20
  • Latitude: 38.9534
  • Longitude: -104.764

    Address

  • Full Address: 8080 Old Exchange Dr
  • Address - House Number: 8080
  • Address - Street Name: Old Exchange
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: R044
  • 4-Digit Zip Code: 4807
  • Zip Code: 80920

Valuation

    Tax

  • Total Area: 3,620
  • Tax Year: 2022
  • Tax Amount: $2,218
  • Tax Rate Code Area: JDE

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 83
  • Final Value: 664,661
  • High Value: 758,728
  • Low Value: 570,593

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Open Lien Mortgage Recording Date: Sep 04, 2020
  • First Open Lien Mortgage Loan Amount: $420,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $452,230
  • Market Land Value: $85,800
  • Market Improvement Value: $366,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,430
  • Assessed Land Value: $5,960
  • Assessed Improvements Value: $25,470

    Sales

  • Current Sale Contract Date: Feb 14, 2019
  • Current Sale Recording Date: Feb 14, 2019
  • Current Sale Transaction ID: 11570680951
  • Current Sale Price: $445,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219016219
  • Previous Sale Recording Date: Jan 20, 1999
  • Previous Sale Contract Date: Jan 15, 1998
  • Previous Sale Amount: $238,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Mortgage Transaction Date: Feb 14, 2019
  • First Mortgage Loan Amount: $419,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: NORWEST MTG
  • Previous Mortgage Transaction Date: Jan 20, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $190,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Feb 01, 2029

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Frequently Asked Questions

What neighborhood is 8080 Old Exchange Drive located in?
The 8080 Old Exchange Drive is a house located in the neighborhood of Briargate in Briargate, Colorado Springs.
What is the average sales price for listings in 8080 Old Exchange Drive?
The average sales price for units in 8080 Old Exchange Drive is $0 currently.

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