8 months on rocket

1099 Westmoreland Rd, Colorado Springs, CO, 80907

$766,660

Home List Price

$9,104*

Closing Credit

8 Bedrooms
4 Baths
3,240 SqFt
$237/SqFt
Multi
Schools Nearby

Location

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1099 Westmoreland Rd, Colorado Springs$766,660

Buyer Closing Credits

$9,104*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1972
HeatingBaseboard
CoolingNone
MLS #6807582
StatusActive

About 1099 Westmoreland Rd

Cushman & Wakefield is pleased to present 1099 Westmoreland Road, a quadraplex in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. This exciting opportunity, comprised of 4 units, is located in the thriving northside submarket of Colorado Springs, CO. The property offers all 2-bedroom, 1-bathroom apartment homes with some recent renovations. The property benefits from its close proximity to Interstate 25, Garden of the Gods, University Village and UCCS. 1099 Westmoreland Road is perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. All units do have approximately $125 in RUBS and currently the property has one vacant unit.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Living Area: 3,240 SqFt

Listing Office:

  • Office Name: Cushman & Wakefield
  • Office Phone: (719) 238-9074
  • Listing Agent: Nic Polaski

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • Coronado High School, Public District Grades 9-12
  • Mann Middle School, Public District Grades 6-8
  • Edison Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $766,660
  • Price Per SqFt: $237/SqFt

Tax Information:

  • Annual Amount: $1,543
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Colorado Springs, CO.

Med. Sold Price

$475K

Med. Price/SqFt

$232

Avg. Days On Market

30

# of Sold Homes

179

1099 Westmoreland Rd vs Colorado Springs

267 DAYS ON ROCKET

+237 Days

$766,660

+$291.6K More

$237/SqFt

+$4 More

KEY TAKEAWAY

This property is $291.6K more than the Median Sold Price and $4/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #6807582

Listing Office:

  • Office Name: Cushman & Wakefield
  • Office Phone: (719) 238-9074
  • Listing Agent: Nic Polaski

IDX Listings courtesy of REColorado as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX ©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.

Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2024, 1:12:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2015Home Sold
$232,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,543$22,740
2019$1,388$22,740
2018$1,316$18,930
2017$1,037$18,930

History based on county public records data.

Payment Calculator

$3,894

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,365

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1423325
4
/10
  • Edison Elementary School

  • 3125 N Hancock Ave

  • 0.64 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1423326
2
/10
  • Mann Middle School

  • 1001 E Van Buren St

  • 1.31 miles

  • Public District Grades 6-8

High School

school-card-donut-1423327
5
/10
  • Coronado High School

  • 1590 W Fillmore St

  • 2.86 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,817. The most common annual income of people living in Colorado Springs, CO is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesColoradoEl Paso CountyColorado Springs809071099 Westmoreland Rd

This home is located at 1099 Westmoreland Rd in Colorado Springs, CO and zip code 80907 in the West Colorado Springs neighborhood. This 3,240 square foot home was built in 1972. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 21, 2023 and is currently priced at $766,660.

In April 2024, from all listings sold in Colorado Springs, CO there were more than 59 sold above asking price, over 69 sold below and more than 51 were sold right at the asked price. The number of listings in Colorado Springs, CO increased by 78.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $475,000, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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