2 months on rocket

1115 Old Dutch Mill Rd, Colorado Springs, CO, 80907

$795,000

Home List Price

$9,441*

Closing Credit

10 Bedrooms
4 Baths
3,526 SqFt
$225/SqFt
Multi

Location

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1115 Old Dutch Mill Rd, Colorado Springs$795,000

Buyer Closing Credits

$9,441*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1969
HeatingBaseboard
CoolingOther
MLS #5920810
StatusActive

About 1115 Old Dutch Mill Rd

Cushman & Wakefield is pleased to present 1115 Old Dutch Mill Rd, a 4-unit multifamily property in an investor friendly, West side neighborhood in Colorado Springs. The property consists of two 2 bed/1 bath units and two 3 bed/1 bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and all are individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, a NEW ROOF in September 2024 and newly renovated unit. The property has been well cared for by the long-term owner. Potential buyers have the operational value add of getting all units up to market rent and continuing property improvements. This West side location provides residents access to major tech employers along west Garden of the Gods Rd as well as short drives to Garden of the Gods and downtown Colorado Springs. Its prime location, near outdoor recreation, dining & retail centers, provides a strong foundation for attracting and retaining quality long-term tenants. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The attractiveness of this asset is magnified by the solid in place returns, flexible debt options and limited number of performing properties available in this market. Investment Highlights: -One unit currently vacant -Recent interior unit renovations -Tenants pay all utilities -Great unit mix with room for rent growth as leases turn

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Living Area: 3,526 SqFt

Listing Office:

  • Office Name: Cushman & Wakefield
  • Office Email: Nic.Polaski@cushwake.com
  • Listing Agent: Nic Polaski

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Other

School Info

Assigned Schools Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $795,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $2,291
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$480K

Med. Price/SqFt

$224

Avg. Days On Market

37

# of Sold Homes

198

1115 Old Dutch Mill Rd vs Colorado Springs

60 DAYS ON ROCKET

+23 Days

$795,000

+$315K More

$225/SqFt

+$1 More

KEY TAKEAWAY

This property is $315K more than the Median Sold Price and $1/SqFt more than other homes in Colorado Springs, CO.

Based on homes sold in September 2024

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #5920810

Listing Office:

  • Office Name: Cushman & Wakefield
  • Office Email: Nic.Polaski@cushwake.com
  • Listing Agent: Nic Polaski

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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.

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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: 10/18/2024, 1:57:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 22, 2018Home Sold
$480,000
Jul 24, 2015Home Sold
$240,000
Feb 13, 2006Home Sold
$264,000
Apr 02, 2001Home Sold
$266,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,291$33,750
2019$1,385$33,750
2018$1,312$18,880
2017$1,009$18,880

History based on county public records data.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,450

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-674334
4
/10
  • Jackson Elementary School

  • 4340 Edwinstowe Ave

  • 0.27 miles

  • Public District Grades PK-5

Middle School

school-card-donut-674335
5
/10
  • Holmes Middle School

  • 2455 Mesa Rd

  • 2.03 miles

  • Public District Grades 6-8

High School

school-card-donut-674336
5
/10
  • Coronado High School

  • 1590 W Fillmore St

  • 1.71 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,938. Residents of Colorado Springs, CO typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesColoradoEl Paso CountyColorado Springs809071115 Old Dutch Mill Rd

This home is located at 1115 Old Dutch Mill Rd in Colorado Springs, CO and zip code 80907 in the Holland Park neighborhood. This 3,526 square foot home was built in 1969. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $795,000.

In September 2024 more than 47 listings in Colorado Springs, CO were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 100 were sold below. The number of homes for sale in Colorado Springs, CO increased by 28.2% between August 2024 and September 2024. While the average time on the market in September 2024 was 37 days, the median list price was $480,000.

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

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