This address designates a specific property located within Colorado Springs, Colorado. It represents a physical location, pinpointing a single point on a map within a specific neighborhood, potentially offering access to particular amenities and falling under a designated school district.
Locational data like this provides crucial context for various purposes, including property valuation, market analysis, service delivery, and emergency response. Understanding the geographic context associated with this address allows for better decision-making regarding real estate transactions, resource allocation, and community planning. Historical records associated with the property can provide insights into past ownership, property development, and neighborhood evolution.
Further exploration of this location might include analysis of property characteristics, neighborhood demographics, local amenities, school ratings, and market trends. This detailed information can provide a comprehensive understanding of the area and its relevance to various stakeholders.
1. Property Location
Property location serves as the foundation for understanding a specific address. In the case of 2824 Boxwood Drive, Colorado Springs, CO, the location determines its accessibility, proximity to amenities, and its position within the broader urban landscape. The precise geographic coordinates define not only its placement within the city but also its relationship to key features such as transportation networks, commercial centers, and natural landscapes. This spatial context influences property value, desirability, and potential for future appreciation.
Consider, for example, the impact of proximity to major roadways. Convenient access to highways can increase a property’s appeal for commuters, while conversely, excessive traffic noise might be considered a drawback. Similarly, the distance to schools, parks, and shopping centers plays a crucial role in determining the suitability of a location for various demographics. The specific placement of 2824 Boxwood Drive within Colorado Springs dictates its accessibility to these resources and consequently influences its market value and overall desirability. Analyzing crime statistics, local zoning regulations, and environmental factors further contributes to a comprehensive understanding of the property’s location.
Understanding the interplay between property location and surrounding features is essential for accurate property valuation and informed decision-making. The micro-location of 2824 Boxwood Drive contributes significantly to its unique profile within the Colorado Springs real estate market. This analysis highlights the importance of considering location-specific factors when assessing a property’s potential and its alignment with individual needs and preferences. Further investigation might include examining historical trends in the area, projected development plans, and the potential impact of future infrastructure projects.
2. Neighborhood Characteristics
Neighborhood characteristics significantly influence property values and the overall living experience. Understanding these characteristics in relation to 2824 Boxwood Drive, Colorado Springs, CO, provides valuable context for assessing its desirability and potential. Factors such as demographics, amenities, safety, and walkability contribute to the unique profile of a neighborhood and impact the property’s market value.
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Demographics
Neighborhood demographics encompass factors such as age distribution, household income, and educational attainment. These data points offer insights into the community’s composition and can indicate the presence of families, young professionals, or retirees. The demographic profile of the neighborhood surrounding 2824 Boxwood Drive provides a valuable lens for understanding its social fabric and potential appeal to specific buyer segments. For instance, a neighborhood with a high percentage of families might be attractive to buyers with children, while a neighborhood with a predominantly older population might appeal to retirees.
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Amenities and Services
Access to amenities and services significantly impacts a neighborhood’s desirability. Proximity to parks, recreational facilities, grocery stores, restaurants, and healthcare providers enhances convenience and quality of life. Analyzing the availability and quality of these amenities near 2824 Boxwood Drive helps assess its appeal to potential residents. The presence of well-maintained parks and recreational facilities, for example, can be a major draw for families and individuals seeking an active lifestyle.
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Safety and Security
Safety and security are paramount concerns for homeowners and renters. Crime rates, police presence, and community safety initiatives contribute to the perceived security of a neighborhood. Understanding the safety profile of the area surrounding 2824 Boxwood Drive is crucial for assessing its suitability and potential investment value. Low crime rates and a strong sense of community safety can significantly enhance a property’s appeal and contribute to its long-term value.
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Walkability and Transportation
Walkability and access to public transportation influence a neighborhood’s connectivity and convenience. A walkable neighborhood with convenient access to public transportation offers residents alternatives to private vehicle use, promoting a more sustainable and active lifestyle. Evaluating the walkability and transportation options near 2824 Boxwood Drive provides insights into its accessibility and potential for attracting residents who prioritize convenient commuting and access to local amenities.
These interconnected factors contribute to the overall character and desirability of the neighborhood surrounding 2824 Boxwood Drive. A thorough analysis of these characteristics provides a more comprehensive understanding of the property’s context within the Colorado Springs real estate market and its potential appeal to various buyer segments. This analysis may influence property valuation and inform decisions related to property acquisition or investment.
3. Market Value
Market value, representing the estimated price a property would command in a competitive market, is a critical aspect of real estate analysis. For a specific property like 2824 Boxwood Drive, Colorado Springs, CO, understanding its market value is crucial for various stakeholders, including potential buyers, sellers, and real estate professionals. This value is not arbitrary but derived from a confluence of factors, both internal and external to the property itself.
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Property Features
Intrinsic characteristics of the property, such as size, age, condition, and upgrades, directly influence its market value. A larger house with modern renovations will typically command a higher price than a smaller, older house requiring repairs. For 2824 Boxwood Drive, the specific features of the house, including the number of bedrooms, bathrooms, square footage, and the presence of amenities like a garage or fireplace, contribute significantly to its valuation.
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Location and Neighborhood
The property’s location within Colorado Springs and the specific characteristics of the surrounding neighborhood play a crucial role in determining market value. Factors such as proximity to schools, parks, shopping centers, and employment hubs, as well as the overall safety and desirability of the neighborhood, influence buyer perception and consequently, property prices. The location of 2824 Boxwood Drive within its specific neighborhood context contributes significantly to its market value.
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Market Conditions
Prevailing market dynamics, including supply and demand, interest rates, and economic trends, exert a strong influence on property values. In a seller’s market with limited inventory and high demand, prices tend to rise, while in a buyer’s market with ample inventory and lower demand, prices may stagnate or decline. The current market conditions in Colorado Springs will impact the market value assessment of 2824 Boxwood Drive.
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Comparative Market Analysis (CMA)
Real estate professionals often employ a Comparative Market Analysis (CMA) to estimate a property’s market value. This involves analyzing recent sales data of comparable properties in the same area, considering factors like size, features, and location. A CMA provides a data-driven approach to estimating the likely selling price of 2824 Boxwood Drive by comparing it to similar properties that have recently sold in the vicinity.
These factors interact dynamically to determine the market value of 2824 Boxwood Drive. Understanding the interplay of these influences provides a more nuanced understanding of the property’s value within the broader Colorado Springs real estate market and facilitates informed decision-making for all stakeholders involved. Ultimately, market value represents a synthesis of these factors, reflecting both the intrinsic qualities of the property and the external forces shaping the real estate landscape in its specific location.
4. Property Size
Property size is a fundamental characteristic influencing the value and utility of any real estate asset. In the context of 2824 Boxwood Drive, Colorado Springs, CO, understanding the property’s dimensions provides crucial insights for potential buyers, sellers, and investors. Property size encompasses not only the total lot area but also the interior living space, impacting both functionality and market value. Analyzing property size requires considering various aspects, including interior dimensions, lot size, and how these dimensions compare to similar properties in the area.
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Interior Dimensions
The interior dimensions, typically measured in square feet, define the usable living space within the property. This includes the combined area of all rooms, encompassing bedrooms, bathrooms, living areas, kitchen, and other functional spaces. The square footage directly impacts the property’s capacity to accommodate occupants and their belongings. Larger interior spaces generally command higher market values, reflecting increased functionality and potential for comfortable living. For 2824 Boxwood Drive, detailed information on interior dimensions is essential for assessing its suitability for various household sizes and lifestyles. This information is often available through public records, real estate listings, or appraisal reports.
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Lot Size
Lot size, representing the total land area associated with the property, influences outdoor space availability and potential for landscaping, gardening, or other outdoor activities. Larger lots provide more flexibility for outdoor amenities such as patios, pools, or gardens, enhancing the property’s overall appeal. The lot size of 2824 Boxwood Drive contributes to its value and influences its potential for future development or expansion. Lot size information is usually available through property records and can be compared to average lot sizes in the neighborhood to assess its relative size and potential.
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Comparison to Similar Properties
Comparing the property size of 2824 Boxwood Drive to similar properties in the neighborhood provides a benchmark for assessing its relative size and potential market value. Analyzing the average square footage and lot sizes of comparable properties that have recently sold can offer insights into how 2824 Boxwood Drive fits within the local market. This comparative analysis helps determine whether the property is appropriately sized for its location and price range, providing valuable context for buyers, sellers, and appraisers. This data can often be obtained through real estate market reports or by consulting with local real estate professionals.
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Impact on Functionality and Value
Property size directly impacts both the functionality and market value of a property. A larger property typically offers increased living space, storage capacity, and potential for customization, contributing to its overall appeal and market value. For 2824 Boxwood Drive, the property size influences its suitability for various lifestyles and family sizes. A larger property may be more appealing to families with children or individuals who require ample space for hobbies or home offices, while a smaller property might be more suitable for individuals or couples seeking a more manageable living space. The interplay between property size, functionality, and market value is a key consideration for any real estate transaction.
Understanding the various dimensions of property size provides crucial insights for evaluating 2824 Boxwood Drive within the Colorado Springs real estate market. The interplay between interior dimensions, lot size, and comparisons to comparable properties contributes to a comprehensive assessment of the property’s value and its suitability for various needs and preferences. This detailed analysis of property size provides valuable information for informed decision-making in any real estate transaction involving 2824 Boxwood Drive.
5. Local Amenities
Proximity to desirable amenities significantly influences property values and the overall appeal of a specific location. For a property like 2824 Boxwood Drive, Colorado Springs, CO, access to local amenities contributes substantially to its desirability and market position. The availability of essential services, recreational opportunities, and cultural attractions within a convenient distance enhances quality of life and can drive property values upward. Analyzing the range and quality of local amenities near this address offers valuable insights for potential buyers, sellers, and investors.
Consider, for example, the presence of nearby parks and recreational facilities. Easy access to green spaces provides opportunities for outdoor activities, contributing to a healthier and more active lifestyle. Similarly, proximity to quality schools is a major draw for families, directly influencing property values in the surrounding area. Access to convenient shopping centers, grocery stores, and restaurants simplifies daily routines and adds to the overall convenience of a location. The availability of healthcare facilities, libraries, and cultural institutions further enhances the appeal of a neighborhood. In the case of 2824 Boxwood Drive, the specific mix of local amenities contributes to its unique character and influences its position within the Colorado Springs real estate market. A property located near a highly-rated school district, for instance, might command a premium compared to a similar property in an area with less desirable schools.
The practical significance of understanding local amenities lies in its ability to inform real estate decisions. Potential buyers can assess the alignment of available amenities with their lifestyle preferences and needs. Sellers can leverage the proximity of desirable amenities to highlight a property’s strengths and justify its market value. Investors can analyze the impact of local amenities on property values to make informed investment decisions. In the case of 2824 Boxwood Drive, a comprehensive analysis of local amenities provides a crucial piece of the puzzle for understanding its market value and potential for future appreciation. This understanding requires not only identifying the types of amenities present but also considering their quality, accessibility, and relevance to the target demographic of potential buyers or renters. Furthermore, considering the potential for future development or changes in local amenities can offer valuable insights into long-term investment strategies.
6. School District
The school district associated with a residential property significantly impacts its desirability and market value. For 2824 Boxwood Drive, Colorado Springs, CO, identifying the specific school district provides critical information for families and investors. School district quality, measured by factors such as academic performance, teacher qualifications, and extracurricular activities, directly influences property values. Homes located within highly-regarded school districts often command premium prices, reflecting the high demand from families seeking quality education for their children. Conversely, properties in less desirable school districts may experience lower demand and price stagnation. Understanding this relationship allows for a more accurate assessment of a property’s investment potential.
The practical implications of this connection are substantial. Families prioritize school district quality when choosing a place to live, and access to good schools can be a decisive factor in purchasing decisions. This preference translates into increased competition for homes within desirable school districts, driving up property values. Real estate professionals often highlight school district information in property listings, recognizing its importance to potential buyers. Moreover, school district boundaries can shift, impacting property values. A property rezoned into a higher-performing school district may experience an increase in value, while a property rezoned into a lower-performing district may see a decrease. Therefore, staying informed about school district boundaries and performance is essential for informed real estate decisions.
In summary, the relationship between school district quality and property values is a key factor in the real estate market. For a property like 2824 Boxwood Drive, identifying the specific school district and understanding its performance is crucial for accurate valuation and investment analysis. This information provides valuable context for both buyers and sellers, influencing pricing strategies and purchasing decisions. The practical implications of this connection extend beyond individual transactions, impacting neighborhood demographics, community development, and long-term investment strategies.
7. Tax Assessments
Tax assessments play a crucial role in determining property taxes for 2824 Boxwood Drive, Colorado Springs, CO. The assessed value, determined by the local tax assessor’s office, serves as the basis for calculating annual property taxes. Understanding the assessment process and its implications is essential for property owners, potential buyers, and anyone interested in the financial aspects of real estate ownership. Tax assessments directly affect the ongoing cost of owning a property and contribute significantly to the overall investment analysis.
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Assessment Process
The assessment process typically involves an evaluation of the property’s characteristics, including size, location, age, condition, and recent sales data of comparable properties. Assessors may physically inspect the property or utilize data-driven valuation models to arrive at an assessed value. This value may not always align with market value, and property owners have the right to appeal assessments they believe to be inaccurate. Understanding the assessment process employed by El Paso County, where Colorado Springs is located, is crucial for property owners at 2824 Boxwood Drive.
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Property Taxes and Local Services
Property taxes generated from assessments fund essential local services, including schools, public safety, infrastructure maintenance, and community programs. The tax rate, determined by local government entities, is applied to the assessed value to calculate the annual property tax liability. For 2824 Boxwood Drive, understanding the local tax rates and how they are applied to the assessed value is crucial for budgeting and financial planning. The level and quality of local services funded by property taxes directly impact the quality of life in a community and can influence property values.
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Impact on Property Value and Transactions
Tax assessments directly influence property values and real estate transactions. Higher assessments result in higher property taxes, potentially impacting a property’s affordability and desirability. Buyers often consider property taxes when evaluating potential purchases, and higher taxes can influence negotiations and final sale prices. For 2824 Boxwood Drive, understanding how tax assessments compare to similar properties in the area is crucial for accurate valuation and informed decision-making. This information can be particularly relevant during real estate transactions, influencing both buyer and seller strategies.
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Appealing Assessments
Property owners have the right to appeal assessments they believe to be inaccurate or unfair. The appeals process typically involves submitting documentation supporting a lower valuation, such as comparable sales data or independent appraisals. Successful appeals can result in reduced property taxes, saving homeowners money. For owners of 2824 Boxwood Drive, understanding the appeals process and the criteria for successful appeals is essential for protecting their financial interests and ensuring fair taxation. This information can be obtained from the El Paso County Assessor’s office.
Understanding the intricacies of tax assessments provides a more comprehensive view of property ownership at 2824 Boxwood Drive. The assessed value, property taxes, and the appeals process are all interconnected elements that affect the financial aspects of owning real estate. This information contributes to a more thorough understanding of the property’s overall cost profile and its position within the local real estate market. The implications of tax assessments extend beyond individual properties, influencing community development, local government budgets, and the overall economic landscape of Colorado Springs.
Frequently Asked Questions
This section addresses common inquiries regarding properties like the one located at the specified address, offering concise and informative responses.
Question 1: How can one determine the current market value of a property similar to this one?
Market value is influenced by numerous factors, including property size, condition, location, and current market trends. Consulting a qualified real estate appraiser or reviewing recent sales data of comparable properties in the area provides the most accurate valuation.
Question 2: What are the typical property taxes for similar properties in this area?
Property taxes are based on the assessed value determined by the local tax assessor. Contacting the El Paso County Assessor’s office provides specific tax information for individual properties. Tax rates and assessed values can vary based on property characteristics and location.
Question 3: What is the process for obtaining information about the school district associated with a particular address?
School district information is typically available through online resources or by contacting the local school district administration. Publicly accessible databases often provide school district boundaries and performance data.
Question 4: How can one research the history of a property, such as past ownership and sales records?
Public records maintained by the county recorder or assessor often contain historical property information. Title companies can also provide detailed property history reports, including past ownership, sales transactions, and any liens or encumbrances.
Question 5: What resources are available for researching neighborhood demographics and crime statistics?
Local law enforcement agencies, government websites, and third-party data providers often publish crime statistics and demographic data at the neighborhood level. Census data provides detailed demographic profiles of communities.
Question 6: What are the key factors to consider when evaluating the investment potential of a property like this?
Investment potential is influenced by factors such as market trends, property condition, location, rental potential, and projected appreciation. Conducting thorough due diligence, including market analysis and property inspection, informs investment decisions. Consulting with a qualified real estate professional is highly recommended.
Understanding these key aspects of property research allows for a comprehensive evaluation of a propertys characteristics and its context within the local market. Thorough research is essential for informed decision-making in any real estate transaction.
Further exploration might involve contacting local real estate professionals, conducting in-depth property inspections, and reviewing detailed market analyses to gather more specific information.
Tips for Researching a Property
Thorough research is essential for informed decision-making in real estate. The following tips provide guidance for researching properties, using a location in Colorado Springs as an example.
Tip 1: Utilize Online Mapping Tools
Online mapping tools offer valuable insights into a property’s location, proximity to amenities, and neighborhood characteristics. Exploring street views and aerial imagery provides a visual overview of the surrounding area. For example, researching a property near 2824 Boxwood Drive, Colorado Springs, CO, allows potential buyers to visualize its proximity to parks, schools, and commercial areas.
Tip 2: Consult Public Records
Public records maintained by the county government provide detailed information about property ownership, tax assessments, and legal descriptions. Accessing these records offers valuable insights into a property’s history and current status.
Tip 3: Analyze Recent Sales Data
Reviewing recent sales data of comparable properties offers insights into market trends and helps establish a realistic price range for similar properties. Websites specializing in real estate data often provide this information, facilitating accurate property valuations.
Tip 4: Engage with Local Real Estate Professionals
Local real estate agents possess in-depth knowledge of the local market, neighborhood dynamics, and property values. Consulting with experienced agents provides valuable insights and guidance throughout the research process.
Tip 5: Conduct Thorough Property Inspections
Professional property inspections identify potential issues and provide detailed assessments of a property’s condition. Inspections safeguard buyers from unforeseen expenses and ensure informed decision-making.
Tip 6: Research School District Performance
For families, researching school district performance is crucial. Online resources and school district websites provide information on academic ratings, teacher qualifications, and extracurricular activities. This information is vital for families with school-aged children.
Tip 7: Assess Neighborhood Characteristics
Neighborhood characteristics, including demographics, crime rates, and access to amenities, significantly impact quality of life. Researching neighborhood profiles provides a comprehensive understanding of the surrounding community. For example, researching the area around 2824 Boxwood Drive offers insights into local demographics and amenities.
These research strategies empower individuals to make informed decisions in the real estate market. Thorough research mitigates risks and facilitates sound investment choices.
The subsequent conclusion synthesizes the key findings and offers final recommendations for navigating the complexities of real estate research.
Conclusion
Analysis of the property located at 2824 Boxwood Drive, Colorado Springs, CO, requires a multifaceted approach encompassing property specifics, neighborhood characteristics, market conditions, and financial considerations. Property size, local amenities, school district quality, and tax assessments contribute significantly to a comprehensive understanding of its value and suitability for various needs. Market value reflects the interplay of these factors, influencing investment potential and purchasing decisions.
Informed decisions in real estate require diligent research and careful consideration of all relevant factors. Thorough due diligence, including property inspections, market analysis, and consultation with local professionals, provides the foundation for sound investment strategies and successful real estate transactions. Understanding the dynamic interplay of these elements empowers stakeholders to navigate the complexities of the real estate market effectively.
