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Closed
Closed

$747,900

($260,842 down)
VA

408 Pine Avenue, Colorado Springs, CO 80906

3
3
2,953 sqft
PITI Monthly
$2,587.46 /mo

Listing courtesy of: Maggie Easton, RE/MAX Properties Inc

Assumed Rate

3.07%
7.15%

Principal & Interest

$2,187 /mo
$3,473 /mo
$50,823 in interest paid off

What's Special

LOCATION
MINUTES AWAY
DINING
SPACIOUS
HARDWOOD FLOORS
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
OUTDOOR LIVING SPACE
DECK
SPRINKLER SYSTEM
COZY
This incredible home boasts breathtaking views of both mountains and downtown Colorado Springs. This stunning ranch home is located in a peaceful
neighborhood in the D-12 School District. The newer Pella windows in the dining and great room provide plenty of natural light and allow you to fully
enjoy the scenic surroundings. As you enter, you're greeted by a slate entry and stunning hardwood floors. The beamed vaulted ceilings add to the
home's charm and character. The eat-in kitchen features granite countertops and stainless steel appliances, making it a cook's paradise.... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$2,587.46/mo
Estimated Loan Balance
$497,256
Cash to close
$260,842
Interest Paid
$50,823

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Other
  • Heating: Hot Water, Steam
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Gas, Other
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Tar/Gravel
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Stucco
  • Roof: Tar/Gravel
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lone Pine Heights
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $253.27
  • Tax Annual Amount: $2201
  • On Market Date: Jun 11, 2024
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Savings Calculator

Current cash to close is $260,842 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $260,842!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$487,058
Your Cash$260,842
Total Purchase Price:$747,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$2,187/mo
Traditional @ 7.15%
$3,602/mo
You save $1,415/month ($16,981/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6700313

Listing From: recolorado

Last updated: Oct 01, 2024 06:05pm

© 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

3.07%
7.15%

Principal & Interest

$2,187 /mo
$3,473 /mo
$50,823 in interest paid off
Inquire about this property
​
​
​
​
​

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 $260,842 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $260,842!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$487,058
Your Cash$260,842
Total Purchase Price:$747,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$2,187/mo
Traditional @ 7.15%
$3,602/mo
You save $1,415/month ($16,981/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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