Victor Marx Sold His Property Over Value

Victor Marx sold his property Over Value

April 27, 2026

Accusation: Victor Marx Sold His property Over Value, to his Ministry

In October 2014, Victor and Eileen purchased the property 4320 Ford Drive in Black Forest for

In 2024, they sold the property to All Things Possible Ministry for $2,950,000.

Before the 2024 sale, the property was assessed for $3,745,300. They sold it to ATP under appraised value by $795,300.

Why did the price increase from 2014 to 2024?

The housing market grew quickly in the time between 2014 and 2024, more so in the Black Forest area where the property is located.

What this graph shows:

• All three markets rise steadily, with a sharp acceleration around 2020–2022

• Black Forest shows the highest values and the most dramatic jump, doubling values (larger properties, land value)

• Colorado Springs tracks slightly below the state average but follows the same curve

Quick takeaways:

• 2020–2022 spike = low interest rates + migration into Colorado

• Post-2022 leveling = higher interest rates slowing growth

• Black Forest premium = acreage, custom builds, and lower inventory

Why are the Tax-Assessed value and the Appraisal values so different? These values are determined by different entities and for different purposes.

Tax-Assessed Value:
The value assigned for property taxation purposes, reflecting a standardized estimate of the property as a typical residential asset under established assessment methodologies.

Appraisal Value:
The estimated market value of the property, representing the price a willing buyer would likely pay, taking into account its full range of features, improvements, and functional uses.

The appraisal value increased due to major improvements made to the property including:

• Classroom and adjacent training/gym space with electricity, heating and plumbing

• Garage with storage

• Additional shed with storage

• Additional dwelling unit with electricity, heating and plumbing

• Building with a gun range, video recording/editing room and studio space

Conclusion;

Victor and Eileen Marx purchased the property on 4320 Ford Drive in Black Forest in 2014 for $400,000. Due to rising real estate prices and extensive improvements useful to ATP Ministry, they sold the property to the ministry for $2,970,000, under appraised value by $795,300.

Link - El Paso County Property Records