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Closed
Closed

$560,000

($193,931 down)
FHA

4 Spur Road, Manitou Springs, CO 80829

2
1
1,606 sqft
PITI Monthly
$2,251.52 /mo

Listing courtesy of: Julie Ragusa, Engel & Volkers Colorado Springs

Assumed Rate

3.08%
7.15%

Principal & Interest

$1,669 /mo
$2,646 /mo
$46,269 in interest paid off

What's Special

SPACIOUS
RENOVATED
PATIO
LANDSCAPED
FHA Assumable Loan @ 3.75% rate! In the words of John Denver, "You fill up my senses... like the mountains in springtime." Let the views of Pikes Peak
engulf you and fill you with gratitude as you gaze at it's summit seated comfortably, fireside, in your own landscaped and fully fenced backyard. You'll
find that this 2 bedroom, 1 bath log rancher cabin with extra guest quarters is the mountain home you have been searching for. Located in the Manitou
Springs Log Cabin District, you will enjoy mountain life with unobstructed views of Pikes Peak, the Manitou Incline, Garden of the Gods and... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.08
Remaining Loan Term
26 years, 0 months
Monthly PITI
$2,251.52/mo
Estimated Loan Balance
$366,796
Cash to close
$193,931
Interest Paid
$46,269

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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, Log
  • Roof: Architecural Shingle
Condition
  • Year Built: 1947
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Chelten Hills
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Manitou Springs

Financial Details

  • Price per Sqft: $348.69
  • Tax Annual Amount: $1664
  • On Market Date: May 15, 2024
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Savings Calculator

Current cash to close is $193,931 (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 $193,931!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$366,069
Your Cash$193,931
Total Purchase Price:$560,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,669/mo
Traditional @ 7.15%
$2,745/mo
You save $1,076/month ($12,912/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3164856

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

3.08%
7.15%

Principal & Interest

$1,669 /mo
$2,646 /mo
$46,269 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 $193,931 (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 $193,931!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$366,069
Your Cash$193,931
Total Purchase Price:$560,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,669/mo
Traditional @ 7.15%
$2,745/mo
You save $1,076/month ($12,912/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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