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915 West Madison Street

915 West Madison Street, Colorado Springs, CO 80907
Sold Aug 18, 2023
$393,000
$401,449 by Geneva Financial, Llc
Mortgage Due Sep 01, 2053
Sold May 03, 2019
$262,000
Buyer
Seller
$262,000 by Compass Bank
Mortgage Due Jun 01, 2049
915 West Madison 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 1967 and is 57 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 915 West Madison Street has 1,728 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 864 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 6,500 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 288 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a 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 wood siding. 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. 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, 915 West Madison Street was last sold in Aug 16, 2023 for $393,000. According to our calculations, that's $194.94 per sqft. Prior to that sales transaction, the property was sold for $262,000 in May 3, 2019. Current property owners are expected to pay $940 in taxes per year. The property on 915 West Madison Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $16,790. To break that down further, the land itself was valued at $2,970. While improvements to the property were assessed at a total of $13,820. 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. 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. 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.

Building Features

Exterior

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood siding
  • 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: Finished improved basement
  • Basement Area: 864
  • Garage Type: Attached
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 1,728
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,728
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GAHARTS SUB
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 5 GAHARTS SUB OF BLK 28 + PART OF SAGE ST ROSWELL CITY ADD COLO SPGS

Ownership

  • Current Owner : KLEINHANS LUCAS WILLIAM
  • Previous Owner : YOUNG DANIEL
  • Owner Before Previous Owner: SIMMS TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 001104

Zoning

  • Zoning: R2 HS

Geography

  • Assessors Map Reference: Jan 14, 2067
  • Parcel: 74011-17-016
  • Block: 28
  • Lot: 5
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8638
  • Longitude: -104.84

    Address

  • Full Address: 915 W Madison St
  • Address - House Number: 915
  • Street Direction: W
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C022
  • 4-Digit Zip Code: 6649
  • Zip Code: 80907

Valuation

    Tax

  • Total Area: 1,728
  • Tax Year: 2022
  • Tax Amount: $940
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.0647
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 96
  • Final Value: 398,060
  • High Value: 423,842
  • Low Value: 372,277

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $401,449
  • First Open Lien Mortgage Lender: GENEVA FINANCIAL, LLC
  • First Open Lien Mortgage Recording Date: Aug 18, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $401,449
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Market Valuation

  • Market Total Value: $241,715
  • Market Land Value: $42,800
  • Market Improvement Value: $198,915

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,790
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $13,820

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Transaction ID: 11911275928
  • Current Sale Price: $393,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 70242
  • Previous Sale Recording Date: May 03, 2019
  • Previous Sale Contract Date: May 03, 2019
  • Previous Sale Amount: $262,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GENEVA FINANCIAL, LLC
  • First Mortgage Transaction Date: Aug 18, 2023
  • First Mortgage Loan Amount: $401,449
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COMPASS BANK
  • Previous Mortgage Transaction Date: May 03, 2019
  • Previous Mortgage Loan Amount: $262,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2049

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Frequently Asked Questions

What neighborhood is 915 West Madison Street located in?
The 915 West Madison Street is a house located in the neighborhood of Indian Heights in Old Colorado City, Colorado Springs.
What is the average sales price for listings in 915 West Madison Street?
The average sales price for units in 915 West Madison Street is $0 currently.

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