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706 Paradise Lane

706 Paradise Lane, Colorado Springs, CO 80904
Sold Jun 15, 2020
$340,000
$323,000 by Cherry Creek Mortgage Co Inc
Mortgage Due Jul 01, 2050
Sold Jun 22, 1999
$131,900
$105,520 by Phh Mtg Services Corp
Mortgage Due Jul 01, 2029
706 Paradise Lane 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 1970 and is 54 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. 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, 706 Paradise Lane has 1,113 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 6,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split 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 345 sqft. According to our sources, there is one available parking space. 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 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. 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. 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, 706 Paradise Lane sold most recently in Jun 12, 2020 for a total of $340,000. If you work out the math, that's approximately a cost of $152.74 per sqft. Before that, the property was also sold for $131,900 in Jun 21, 1999. 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 $1,145 in taxes each year. 706 Paradise Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $20,470. If we break it down further, the land itself was valued at $4,960. Improvements to the property, however, were assessed at a total of $15,510. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Masonite Siding
Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split 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: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 768
  • Garage Type: Attached
  • Garage Square Area: 345
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 2,226
  • Gross Building Area: 2,226
  • Building Area: 1,113
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,113
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLEASANT VALLEY SUB 6
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 37 BLK 4 PLEASANT VALLEY SUB 6 COLO SPGS

Ownership

  • Current Owner : GRATZMILLER JEFFREY DENNIS
  • Previous Owner : RENNELS ELLEN M
  • Owner Before Previous Owner: SCHMIDTKE GLORIA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 001302

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Feb 14, 2067
  • Parcel: 74023-01-018
  • Block: 4
  • Lot: 37
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8582
  • Longitude: -104.859

    Address

  • Full Address: 706 Paradise Ln
  • Address - House Number: 706
  • Address - Street Name: Paradise
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C008
  • 4-Digit Zip Code: 1760
  • Zip Code: 80904

Valuation

    Tax

  • Total Area: 1,881
  • Tax Year: 2022
  • Tax Amount: $1,145
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 418,489
  • High Value: 464,909
  • Low Value: 372,069

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $323,000
  • First Open Lien Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Jun 15, 2020
  • First Open Lien Mortgage Loan Amount: $323,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $294,536
  • Market Land Value: $71,300
  • Market Improvement Value: $223,236

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,470
  • Assessed Land Value: $4,960
  • Assessed Improvements Value: $15,510

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Jun 15, 2020
  • Current Sale Transaction ID: 11767590951
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 220082687
  • Previous Sale Recording Date: Jun 22, 1999
  • Previous Sale Contract Date: Jun 21, 1999
  • Previous Sale Amount: $131,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Mortgage Transaction Date: Jun 15, 2020
  • First Mortgage Loan Amount: $323,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PHH MTG SERVICES CORP
  • Previous Mortgage Transaction Date: Jun 22, 1999
  • Previous Mortgage Loan Amount: $105,520
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jul 01, 2029

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Frequently Asked Questions

What neighborhood is 706 Paradise Lane located in?
The 706 Paradise Lane is a house located in the neighborhood of Pleasant Valley in Old Colorado City, Colorado Springs.
What is the average sales price for listings in 706 Paradise Lane?
The average sales price for units in 706 Paradise Lane is $0 currently.

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