780 Mission Hill Way, CoSprings -HC

Page 1


780 MISSION HILL WAY, COLORADO SPRINGS, CO, 80921

Property Details

Maps

Local Schools

Community Utilities & Resources

Title & Escrow

The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.

PROPERTY DETAILS

780 MISSION HILL WAY COLORADO SPRINGS CO 80921

61314-02-058 EL PASO COUNTY CO

OwnerInformation

OwnerName: WERNER R UEBELHOER LIVING TRUST /

Vesting: LIVING TRUST

MailAddress: 780 MISSION HILL WAY COLORADO SPRINGS CO 80921

OwnerStatus: OwnerOccupied

LocationInformation

LegalDesc: LOT 2 BLK 11 SUN HILLS SUB 6

County: EL PASO

Census/Block: 007202 / 1040

Tsp-Rng-Sec: T11-R66-S31

Lot/Block: Lot: 2 Block: 11

HousingTract: SUN HILLS SUB NO 6

LastMarketSale

AltParcel#

SchoolDistrict: ACADEMY 20

Municipality:

Parcel#: 61314-02-058

Date: / Lender: SalePrice:Loan: Document#:Document#: DocType:LoanType:

$Sqft: $ LoanTerm: PriorSaleInformation

Date: / Lender: Price:Loan: Document#:Document#: DocType:LoanType: Theaboveisbelievedtobeaccurate,butisnotguaranteed.

780 MISSION HILL WAY COLORADO SPRINGS CO 80921

61314-02-058 EL PASO COUNTY CO

PropertyCharacteristics

GrossArea:GarageArea:InteriorWall

LivingArea:RoofShape:PorchType: COVERED SLAB

AboveGrade:Foundation:PatioType: COVERED WOOD DECK

Bedrooms: 4

Bath(F/H): 4/

RoofMaterial: WOOD SHAKE/SHINGLE

Construction: FRAME

AirCond:

Fixtures:

Fireplace:HeatType: FORCED AI Floor:

YearBuilt: 1986

ParkingType: Garage

CoolingType:Equipment:

ExteriorWall:Stories: Units:Rooms: 12 Pool: No

Basement: 2 261

PropertyInformation LandUse: SFR

TaxandAssessmentInformation

Quality:Condition:

MAPS

ASSESSOR MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

STREET MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

AERIAL MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

CITY BOUNDARY MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

SCHOOLS

780 MISSION HILL WAY COLORADO SPRINGS CO 80921

61314-02-058

EL PASO COUNTY CO

Academy,

School District No. 20, In The County Of El Paso An

ElementarySchools

Antelope Trails Elementary School719-234-4100

15280 Jessie Drive COLORADO SPRINGS CO 80921

AreaDesc:

Grades: PK to 05 Distance: 0.78 Miles

CharterSchool: N

MagnetSchool: N

TitleOne: NO

Discovery Canyon Campus Elementary School719-234-3810

1810 North Gate Blvd COLORADO SPRINGS CO 80921

AreaDesc:

Grades: PK to 05 Distance: 1.60 Miles

CharterSchool: N MagnetSchool: N

MiddleSchools

TitleOne: NO

Discovery Canyon Campus Middle School719-234-1810

1810 North Gate Blvd COLORADO SPRINGS CO 80921

AreaDesc:

Grades: 06 to 08 Distance: 1.60 Miles

CharterSchool: N

MagnetSchool: N

TitleOne: NO

The Classical Academy Middle School719-484-0091

975 Stout Road COLORADO SPRINGS CO 80921

AreaDesc:

Grades: 07 to 08 Distance: 2.06 Miles

CharterSchool: Y MagnetSchool: N

HighSchools

TitleOne: NO

Discovery Canyon Campus High School719-234-1800

1810 Northgate Boulevard COLORADO SPRINGS CO 80921

AreaDesc:

Grades: 09 to 12 Distance: 1.46 Miles

CharterSchool: N

MagnetSchool: N

TitleOne: NO

The Classical Academy High School719-484-0091 975 Stout Road COLORADO SPRINGS CO 80921

AreaDesc:

Grades: 09 to 12 Distance: 2.06 Miles

CharterSchool: Y MagnetSchool: N

TitleOne: NO

Yourassignedschoolshouldbethefirstschoolineachcategory,butitisrecommendedyoucheckwiththedistrictorschool. Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.

Growth for 1st grade students as

by Acadience.

for students with

Building a Culture of Instructional Feedback and Best Instructional Practices Answer Questions 1, 2, 3 and 4 of a Professional Learning Community

General & Special Education Teachers will Implement Co-Teaching in Math & ELA

Lack of instructional feedback around Math and EBRW instruction in all classes. Lack of a Guaranteed & Viable Curriculum, Formative Assessments, & Intervention List

COMMUNITY

EL PASO COUNTY

730,395 POPULATION

2020 Census Data

$81,851

MEDIAN INCOME

2023 Estimated Census Data

35.62

MEDIAN AGE

2023 Estimated Census Data

El Paso county is the most populous county in the state of Colorado. In July 1858, gold was discovered along the South Platte River in Arapahoe County, Kansas Territory. This discovery precipitated the Pike's Peak Gold Rush.

SCHOOL DISTRICTS

El Paso County is home to 17 public school districts, in addition to several private schools. In the 2023–2024 school year, Cheyenne Mountain School District 12 in Colorado Springs was ranked the #1 public school district in Colorado.

POPULATION DENSITY

2020 Census Data

343.5 inhabitants per sq. mile

287,459 housing units

HOUSING

2023 Estimated Census Data

65.25% of homes owner occupied

34.75% of homes rented

AGE DEMOGRAPHIC

2023 Estimated Census Data

23.28% under age 18

10.28% between ages 18 to 24

29.35% between ages 25 to 44

22.51% between ages 45 to 64

14.58% above age 65

COUNTY QUICK FACTS

Most populous county in Colorado 2,127 square miles

Highest Average Temperature 84º Lowest Average Temperature 16º

Many residents of the mining region felt disconnected from the remote territorial governments of Kansas and Nebraska, so they voted to form their own Territory of Jefferson on October 24, 1859. The following month, the Jefferson Territorial Legislature organized 12 counties for the new territory including El Paso County. El Paso County was named for the Spanish language name for Ute Pass north of Pikes Peak. Colorado City served as the county seat of El Paso County.

EL PASO COUNTY BASE MAP

780 MISSION HILL WAY COLORADO SPRINGS CO 80921

61314-02-058 EL PASO COUNTY CO

Animal - Services

NameAddressTelephoneDistance

Welch,GuyLDVM-MonumentV1024WBaptistRd719-481-35091.58Mi

Carlson,GwenDVM-Northgate12225VoyagerPky,#12719-481-30802.56Mi

Pape,LeannKDVM-FrontRan4183rdSt719-481-34554.26Mi Mueller,AmyCDVM-Mueller4760FordDr719-495-01804.95Mi

RockyMountainEquineClinic14775BlackForestRd719-481-27496.23Mi

Banks

NameAddressTelephoneDistance

Gilman,Bryan-GilmanInsura13570MeadowgrassDr,#110719-488-42241.28Mi GilmanInsandFinSvcsInc-MeadowgrassDr719-488-42241.29Mi IntegrityBank&Trust13475VoyagerPky719-487-30341.37Mi PeoplesNationalBank13725StruthersRd719-488-30581.37Mi

USBank1070WBaptistRd719-488-55541.58Mi

Credit Unions

NameAddressTelephoneDistance

EntFederalCreditUnion7250CampusDr719-623-47977.67Mi EntFederalCreditUnion-Wo7110CampusDr719-574-11007.77Mi

Coffee Shops

NameAddressTelephoneDistance

It'sAGrindCoffeeHouse15954JacksonCreekPky719-481-12052.21Mi

Starbucks:Monument@I-25541Highway105719-488-88724.41Mi

Starbucks551Highway105719-488-88724.42Mi

Starbucks:Safeway-Monument#624Highway105719-488-11874.48Mi

Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.

Coffee Shops

NameAddressTelephoneDistance

Starbucks:Hwy83&Briargate1605BriargatePky,#D400719-594-94055.73Mi

Eating and Drinking Places

NameAddressTelephoneDistance

Cici'sPizza8135VoyagerParkway719-219-43631.03Mi

CactusRose13990GleneagleDr719-481-43831.13Mi

ChopstixGourmetTeriyaki13888GleneagleDr719-488-27911.19Mi

BarracudaBob's13860GleneagleDr719-481-64461.20Mi

Domino'sPizza13844GleneagleDr719-481-41001.20Mi

Golf Courses

NameAddressTelephoneDistance

GleneagleGolfClub345MissionHillWay719-488-09000.76Mi

BlueCourseatEisenhowerGolParadeLoop719-333-47353.25Mi

WoodmoorCountryClub18945PebbleBeachWay719-481-22664.39Mi

PineCreekGolfClub9850DivotTrail719-594-99995.51Mi

Grocers and Supermarkets

NameAddressTelephoneDistance

KingSoopers-MonumentStore1070WBaptistRd719-488-29551.58Mi

SafewayFood&Drug-Monumen624Highway105719-488-11894.48Mi Target9670ProminentPt719-302-42676.43Mi

CrackerBarrelOldCountrySt8355RazorbackRd719-260-77216.63Mi

BlackForestStore12480BlackForestRd719-495-35566.67Mi

Health Clubs and Spas

NameAddressTelephoneDistance Theaboveisbelievedtobeaccurate,butisnotguaranteed.

780 MISSION HILL WAY COLORADO SPRINGS CO 80921

61314-02-058 EL PASO COUNTY CO

Health Clubs and Spas

NameAddressTelephoneDistance

GastaMargoMsRdCcn3252ndSt719-487-95934.25Mi Curves481Highway105,#J719-487-87834.34Mi

King'sDeerGolfClubMainten19633RollerCoasterRd719-481-15704.93Mi SozoFitness2375TelstarDr,#150719-548-84006.26Mi

SlimandTone8670NUnionBlvd719-282-85506.75Mi

Hospitals

NameAddressTelephoneDistance USAirForceAcademyHospita4102PinionDr719-333-51025.26Mi

Nursing Homes

NameAddressTelephoneDistance

LibertyHeights12205GunstockDr719-481-94942.93Mi

MountStFrancisNursingCent7550AssisiHts719-598-13367.56Mi

Offices and Clinics of Chiropractors

NameAddressTelephoneDistance

Paxton,RonaldADC-BlackF8965BlackForestRd719-495-94108.45Mi Holliger,MariaVDC-Caring4975AustinBluffsPky719-574-827810.71Mi

Offices and Clinics of Dentists

NameAddressTelephoneDistance

GleneagleDental13784GleneagleDr719-488-22221.36Mi PaulRDodsworth12225VoyagerPkwy#6719-488-22922.61Mi RebeccaWilsonPendon1230MtEstesDr719-278-43072.71Mi GerathyJr,AJDds3252ndSt719-481-49494.27Mi BrooksWilliamBooker4301EAmherstAve303-758-58584.37Mi

Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.

Lohr,DavidOD-LifetimeEye13570MeadowgrassDrive#205719-266-90951.32Mi MonumentVeterinary1024WBaptistRd719-481-35091.58Mi

WoodallCharlesDVM1480HigbyRd719-265-66772.48Mi

BanfieldPowersBlvd719-473-04822.52Mi

NorthgateAnimalHospital12225VoyagerPky,Ste12719-481-30802.57Mi

Pharmacies

NameAddressTelephoneDistance

WalgreensPharmacy725WBaptistRd719-357-89031.68Mi

DillonCompaniesInc1070WBaptistRd719-488-29881.89Mi

America'sBestContacts&Eye16152JacksonCreekPkwy719-302-00252.25Mi

ClarkPharmacyServices,Llc1150CambrookCt719-481-00212.54Mi WalgreensPharmacy265Colorado105719-355-83963.34Mi

FamilyofChristLutheran675EBaptistRdN/A0.73Mi BenetHillMonastery3190BenetLn719-495-34473.05Mi TrinityLutheranChurch17750KnollwoodDrN/A3.55Mi

NewLifeChurch11025CO-83N/A4.01Mi TrilakesUnitedMethodistChr183WashingtonStN/A4.34Mi Retirement

61314-02-058

LibertyHeightsAtNorthgate12105AmbassadorDr719-481-94943.12Mi

AlterraSterlingHouseofBri7560LexingtonDr719-598-42007.81Mi

GuardianAngelSeniorHome6372WicklowCirW719-260-12478.52Mi

ViewpointeASeniorLivingCo555SouthRockrimmonBoulevard719-528-80008.77Mi

AlterraWynwoodofColoradoS2780VickersDr719-598-04009.39Mi

Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.

UTILITIES & RESOURCES

EL PASO COUNTY UTILITIES

Emergency/Police/Medical/Fire 911

Poison Control (800) 222-1222 www.aapcc.org

United States Postal Service (800) 275-8777 www.usps.com

Xfinity (800) 266-2278 www.xfinity.com

Spectrum (844) 509-8921 www.spectrum.com

Dish Network (800) 318-0572 www.dish.com

DIRECT TV (800) 531-5000 www.directtv.com

Colorado Springs Gazette (866) 632-6397 www.gazette.com

Mountain Metro Transit (719) 385-7433

www.coloradosprings.gov/mountainmetro

Colorado Natural Gas (800) 720-8193

www.coloradonaturalgas.com

Colorado Springs Electric (719) 448-4800 www.csu.org/electric-service

Waste Management Garbage (800) 808-5901

www.wm.com

Waste Connections (719) 591-5000 wasteconnections.com/colorado-springs

Academy School District 20 (719) 499-1611 www.asd20.org

TITLE & ESCROW

CYBER SECURITY

Because of you… we obsess over

cyber security!

Cyber fraud and email hacking is on the rise. Fraudsters may access individual email accounts and monitor the life of your transaction. At the time funds are due to the escrow, fraudsters intercept the information for wiring funds and the fraudsters change the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.

To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:

Outgoing Wire from WFG to seller or borrower for proceeds

In the escrow paperwork provided you will be asked to provide written instructions on how you want funds dispersed at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to con rm the wire information provided.

Incoming Wires from buyer and/or lender to WFG bank account

For funds that are to be wired to WFG for your transaction, we will send speci c wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to con rm the wire instructions prior to remittance.

We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience.

http://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/

WIRE FRAUD

PROTECT YOUR MONEY WHEN BUYING A HOME: YOUR WIRE FRAUD CHECKLIST

Every day, hackers try to steal your money by emailing fake wire instructions. Criminals will use a similar email address and steal a logo and other info to make it look like the email came from your real estate agent or title company. You can protect yourself and your money by following the steps below.

Don’t send sensitive nancial information via email.

Call, don’t email. Con rm your wiring instructions by phone using a known number before transferring funds.

We will never email wiring instructions to you nor change WFG account information after it’s been provided to you by our sta .

Keep your email account clean, remove any stale messages. Hackers can watch your business patterns and use this information against you.

Ask your bank to con rm the name on the account before sending a wire.

Call your title company or real estate agent within four to eight hours to con rm they have received your money.

This is for informational purposes only and should not be considered legal advice.

WHY IS OWNER’S TITLE INSURANCE IMPORTANT?

The purchase of a home is likely going to be one of the most expensive and important purchases you will ever make. You and your mortgage lender want to make sure the property is indeed yours and that no individual or government entity has any right, lien, claim, or encumbrance to your property.

The title insurance company’s function is to make sure your rights and interests to the property are clear, that transfer of title takes place e ciently, and correctly, and your interests as a homebuyer are protected. Title insurance companies provide services to buyers, sellers, real estate developers and builders, mortgage lenders, and others who have an interest in the real estate transfer. Title companies issue two types of policies - “Owners Policy” (which covers the homebuyer) and “Lenders Policy” (which covers the bank, savings and loan, or other lending institution over the life of a loan). Both are issued at the time of purchase for a one-time premium.

The title company conducts an extensive search of public records to determine if anyone other than you has an interest in the property before issuing a policy. The search may be performed by title company personnel using either public records, or more likely, information gathered, reorganized, and indexed in the company’s title “plant”. With such a thorough examination of records, title problems can usually be found and cleared up prior to purchase of the property. Once a title policy is issued, if for some reason any claim, which is covered under your title policy, is ever led against your property, the title company will pay the legal fees involved in defense of your rights as well as any covered loss arising from a valid claim. That protection, which is in e ect as long as you or your heirs own the property, is yours for a one-time premium paid at the time of purchase.

The title company works to eliminate risks before they develop. This makes title insurance di erent from other types of insurance. Most forms of insurance assume risks by providing nancial protection through a pooling of risks or losses arising from unforeseen events, like re, theft, or accident. The purpose of title insurance, on the other hand, is to eliminate risks and prevent losses caused by defects in title that happened in the past. Risks are examined and mitigated before property changes hands. Eliminating risk has bene ts to both of you, the home buyer, as well as the title company. It reduces the chance adverse claims might be raised, and by doing so reduces the number of claims that have to be defended or satis ed. This keeps costs down for the title company and your title premiums low. With title insurance you are assured that any valid claim against your property will be taken on by the title company, and that the odds of a claim being led is slim.

WHAT IS ESCROW

When your o er has been accepted and conveyed, escrow is opened. An escrow is an arrangement made under contract between a buyer and seller. As the neutral third party, escrow is responsible for receiving and disbursing money and/ or documents. Both the buyer and seller expect the escrow agent to carry out their written instructions associated with the transaction and also to advise them if any of their instructions are not being met, or cannot be met. If the instructions from all parties to an escrow are clearly set out, the escrow o cer can proceed on behalf of the buyer and seller without further consultation.

TYPICAL ROLES IN THE CLOSING PROCESS

The Seller/Agent

• Delivers Purchase Sale Agreement to the escrow agent

• Prepares the paperwork necessary to close the transaction

• Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement

The Buyer/Agent

• Deposits funds required to close with the escrow agent

• Executes the paperwork and loan documents necessary to close the transaction

The Lender

• Deposits loan documents to be provided by the buyer

• Deposits the loan funds

• Informs the escrow agent of the conditions under which the loan funds may be used

The Escrow Agent

• Clears Title

• Obtains title insurance

• Obtains payo s and release documents for underlying loans on the property

• Receives funds from the buyer and/or lender

• Prepares vesting document a davit on seller’s behalf

• Prorates insurance, taxes, rents, etc.

• Prepares a nal statement (often referred to as the Closing Disclosure or CD) for each party, indicating amounts paid in conjunction with the closing of your transaction

• Forwards deed to the county for recording

• Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties

Escrow is the process that gathers and processes many of the components of a real estate transaction. The escrow agent is a neutral third party acting on behalf of the buyer and seller.

WHAT IS TITLE

Title insurance insures against nancial loss from defects in title, liens, or other matters. It protects both purchasers and lenders against loss by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner’s Policy).

It will protect against lawsuits if the status of the title to a parcel or real property is other than as represented, and if the insured (either the owner or lender) su ers a loss as a result of a title defect. The insurer will reimburse the insured for that loss and any related legal expenses.

How is title insurance di erent than other types of insurance?

While the purpose of most other types of insurance is to assume risk through the pooling of monies for losses happening because of unforeseen future events (like sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this, title insurers perform a thorough search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. These defects/claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage. The policy is issued after the closing of your new home, for a one time nominal fee, and is good for as long as you own the property.

What’s involved in a title search?

A title search is made up of three separate searches:

• Chain of Title – History of the ownership of the subject property

• Lien & Encumbrance Search – Discloses liens and encumbrances on the subject property

• Exceptions from Coverage Search –Includes Easements, Covenants, Conditions and Restrictions, etc.

After the three searches have been completed, the le is reviewed by an examiner who determines:

• If the Chain of Title shows that the party selling the property has the rights to do so.

• Whether there are any unsatis ed judgments on the Judgment and Name Search against the previous owners, sellers, or/and purchasers.

Rights established by judgment decrees, unpaid federal income taxes, and mechanics liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover issues in title that are of public record and therefore allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.

Once the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title. The buyer, seller, and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.

WHO PAYS FOR WHAT IN COLORADO

The examples below are typical. However, the real estate purchase agreement will ultimately determine who is paying for what expenses.

The Seller

• Real Estate Commission

• Document preparation fee for Deed

• Payo of all loans in the seller’s name (or existing loan balance if being assumed by Buyer)

• Interest accrued to lender being paid o

• Statement Fees, Reconveyance Fees, and any prepayment penalties to Payo Lender

• Home Warranty (according to contract)

• Any judgments, tax liens, etc. against the seller

• Tax proration (for any taxes unpaid at time of transfer of title)

• Any unpaid Homeowners’ Association dues

• Recording charges to clear documents of record against seller

• Any bonds or assessments (according to contract)

• Any and all delinquent taxes

• Notary Fees

Personal Property vs. Real Property

The Buyer

• Title Insurance Premium for Lender’s Policy

• Escrow Fee (one half)

• Document preparation (if applicable)

• Notary fees

• Recording charges for all documents in Buyers’ names

• Tax proration (from date of acquisition)

• Homeowners’ Association transfer fee

• HOA proration (from date of acquisition)

• All new loan charges (except those required by lender for seller to pay

• Interest on new loan from date of funding to 30 days prior to rst payment date

• Assumption/Change of Record fees for takeover of existing loan (if applicable)

• Bene ciary Statement Fee for assumption of existing loan (if applicable)

• Inspection Fees (roo ng, property inspection, geological)

• Home Warranty (according to contract)

• Fire Insurance Premium for rst year

• Any bonds or assessments (according to contract)

The distinction between personal property and real property can be the source of di culties in a real estate transaction. A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or which are an integral part of the structure. For example, this would include light xtures, drapery rods, attached mirrors, and trees and shrubs in the ground. It would not include potted plants, free-standing refrigerators, washer/dryer, microwave, bookcases, lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.

DISCLAIMER:

This information is provided for informational purposes only and no warranties are made.

TITLE VESTING

TENANCY IN SEVERALTY

Ownership of property vested in one person rather than held jointly with another.

JOINT TENANCY WITH RIGHT OF SURVIVORSHIP TENANCY IN COMMON

Parties need not be married; may be more than two persons.

Parties need not be married; may be more than two persons.

Also called sole tenancy.

The sole owner may use, encumber, rent, sell, and convey at their discretion.

The owner may transfer the property via a Will, Trust, or a Bene ciary Deed upon their death.

Each joint tenant holds an equal and undivided interest in the estate, unity of interest.

Upon death, the estate of the decedent must be “cleared” through probate or adjudication.

One joint tenant can partition the property by selling his or her joint interest.

Each joint tenant holds an undivided fractional interest in the estate. May be disproportionate interest e.g. 20% and 80%; 40% and 60%; etc.

Each tenant’s share can be conveyed, mortgaged, or devised to a third party.

Requires signatures of all joint tenants to convey or encumber the whole.

Requires signatures of all to convey or encumber the whole.

Estate passes to surviving joint tenants outside of probate.

No court action required to “clear” title upon the death of joint tenant(s).

Upon death, the tenant’s proportionate share passes to his or her heirs by will or intestacy.

Upon death, the estate of the decedent must be “cleared” through probate or adjudication.

DISCLAIMER – The foregoing contains informational examples only and is not to be construed as legal advice. Given the complexities involved in acquiring and holding legal title to real property, WFG strongly recommends that you seek legal advice from an attorney prior to doing so.

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NORTH

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3. DENVER TECH CENTER / COMMERCIAL
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METRO OFFICE
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TABLE OF CONTENTS

Altos Market Report

WFG’s My Home

Talking House Tent Cards

CC&R’s (if applicable)

The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.

Colorado Springs, CO 80921

REPORT FOR 6/24/2025

Single-Family Homes

This week the median list price for Colorado Springs, CO 80921 is $849,000 with the market action index hovering around 25. This is less than last month's market action index of 34. Inventory has held steady at or around 143.

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Colorado Springs, CO

Median List Price

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels. 7-Day Median

Segments

In the quartile market segments, we see the upper end of the market in this zip code showing weakness. While there is enough demand in the low end (Quartiles 3 and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a down trend soon.

Colorado

Price Per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money. 7-Day

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Colorado Springs, CO 80921

Market Action Index

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Action Segments

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.

Colorado

Springs, CO 80921

Median Days on Market (DOM)

The properties have been on the market for an average of 67 days. Half of the listings have come newly on the market in the past 40 or so days. Watch the 90-day DOM trend for signals of a changing market.

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

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