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Closed
Closed

$489,000

($151,440 down)
VA

1214 N Franklin Street, Colorado Springs, CO 80903

2
1
924 sqft
PITI Monthly
$1,801.76 /mo

Listing courtesy of: Trelora Realty Team, TRELORA Realty, Inc.

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,512 /mo
$2,428 /mo
$38,596 in interest paid off

What's Special

REMODELED
DINING
MODERN
FIREPLACE
PATIO
HISTORIC
COZY
Welcome to this gorgeous single-family, ranch-style home in the historic and sought-after Old North End Neighborhood! Your future home offers 2
Bedrooms and 1 bathroom, original hardwood flooring and Craftsman Trim throughout! Covered front porch welcomes you to a Living Room with cozy
fireplace, a formal Dining Room, and a remodeled Kitchen. The kitchen features high-end light wood custom cabinetry as well as beautiful custom
porcelain countertops with decorative subway tile backsplash, oversized modern tile floors, and stainless-steel appliances with a gas rang... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.98
Remaining Loan Term
26 years, 3 months
Monthly PITI
$1,801.76/mo
Estimated Loan Balance
$397,936
Cash to close
$151,440
Interest Paid
$38,596

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Other
  • Heating: Forced Air
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Other
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Stucco
  • Roof: Other
Condition
  • Year Built: 1934
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Columbia Add Colo Spgs
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $529.22
  • Tax Annual Amount: $1480
  • On Market Date: May 16, 2024
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Savings Calculator

Current cash to close is $151,440 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$
0%20%50%

You cover the entire equity of $151,440!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$337,560
Your Cash$151,440
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,512/mo
Traditional @ 7.15%
$2,519/mo
You save $1,007/month ($12,081/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2629452

Listing From: recolorado

Last updated: Oct 01, 2024 06:04pm

© 2025, recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,512 /mo
$2,428 /mo
$38,596 in interest paid off
Inquire about this property
​
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​
​
​

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $151,440 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$
0%20%50%

You cover the entire equity of $151,440!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$337,560
Your Cash$151,440
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,512/mo
Traditional @ 7.15%
$2,519/mo
You save $1,007/month ($12,081/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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