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5431 Arroyo Street

5431 Arroyo Street, Colorado Springs, CO 80922
Property in Stetson Hills
Sold Mar 23, 2010
$228,000
$215,700 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2030
Sold Dec 02, 2003
$209,800
$214,068 by Universal American Mortgage Co
Mortgage Due Dec 01, 2033
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5431 Arroyo 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 2003 and is 21 years old. The home has a total of 12 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5431 Arroyo Street has 2,783 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 900 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 9,290 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 610 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 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. The property was last sold in Mar 22, 2010 for $228,000. That's $64.46 per sqft. Prior to that sales transaction, the property was also sold in Nov 21, 2003 for $209,800. 5431 Arroyo Street was last assessed in 2022. The total value of the property was assessed at $26,660. Specifically, the land the property is located on was valued at $4,170. While improvements on the property were assessed at a total of $22,490. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,657. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: Partial basement
  • Basement Area: 900
  • Garage Type: Attached
  • Garage Square Area: 610
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 9,290
  • Total Building Area: 3,537
  • Gross Building Area: 3,697
  • Building Area: 2,783
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,783
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STETSON RIDGE SOUTH SUB FIL NO 1
  • Land Acres: 0.213
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 28 STETSON RIDGE SOUTH SUB FIL NO 1

Ownership

  • Current Owner : TORRES MICHAEL J
  • Current Owner 2: TORRES JULIA
  • Previous Owner : NORBECK JOSEPH L
  • Owner Before Previous Owner: U S HOME CORP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Falcon School District 49
  • School Tax School District: SBG
  • Census Tract: 005124

Zoning

  • Zoning: R1-6 DF AO

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 53201-05-005
  • Lot: 28
  • Municipality: FALCON 49
  • Latitude: 38.9101
  • Longitude: -104.691

    Address

  • Full Address: 5431 Arroyo St
  • Address - House Number: 5431
  • Address - Street Name: Arroyo
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C048
  • 4-Digit Zip Code: 3633
  • Zip Code: 80922

Valuation

    Tax

  • Total Area: 2,927
  • Tax Year: 2022
  • Tax Amount: $1,657
  • Tax Rate Code Area: SBG

    Appraisal Valuation

  • Standard Deviation: 0.117
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 87
  • Final Value: 526,725
  • High Value: 588,373
  • Low Value: 465,078

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $215,700
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 21, 2015
  • First Open Lien Mortgage Loan Amount: $215,700
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2030

    Market Valuation

  • Market Total Value: $383,548
  • Market Land Value: $60,000
  • Market Improvement Value: $323,548

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,660
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $22,490

    Sales

  • Current Sale Contract Date: Mar 22, 2010
  • Current Sale Recording Date: Mar 23, 2010
  • Current Sale Transaction ID: 1104414759
  • Current Sale Price: $228,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210026484
  • Previous Sale Recording Date: Dec 02, 2003
  • Previous Sale Contract Date: Nov 21, 2003
  • Previous Sale Amount: $209,800
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 23, 2010
  • First Mortgage Loan Amount: $235,524
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Apr 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • Previous Mortgage Transaction Date: Dec 02, 2003
  • Previous Mortgage Loan Amount: $214,068
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Dec 01, 2033

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Frequently Asked Questions

What neighborhood is 5431 Arroyo Street located in?
The 5431 Arroyo Street is a located in the neighborhood of Stetson Hills in Powers, Colorado Springs.
What is the average sales price for listings in 5431 Arroyo Street?
The average sales price for units in 5431 Arroyo Street is $0 currently.

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