Laura Jewett

Laura Jewett

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$325,000

($4,511 down)
VA

1019 Norwood Avenue, Colorado Springs, CO 80905

2
1
796 sqft
PITI Monthly
$2,085.43 /mo

Listing courtesy of: Elizabeth Ranals, Keller Williams Partners Realty

Assumed Rate

5.52%
7.15%

Principal & Interest

$1,878 /mo
$2,229 /mo

What's Special

SHOPPING
MODERN
RENOVATED
STAINLESS STEEL APPLIANCES
PRIVATE BACKYARD
CHARMING
COZY

Discover this inviting ranch-style home offering incredible value full of updates and upgrades. Conveniently located to bases and major corridors. Minutes to downtown or mountain tails. Walkable distance to restaurants, parks, schools and shopping. This beautifully renovated property features 2 bedrooms, 1 bathroom, 2 car garage and car-port is the perfect blend of convenience and style. As you walk through the front door, you are greeted with the heart of the home, the living area, boasting a wood accent wall that adds a modern touch to the space.Real wood floors run throughout the home with intricate tile accenting the kitchen and bathroom. The kitchen is located off of the living room and has updated stainless steel appliances, newer ceramic subway tiles, and plenty of cabinet space. Enjoy the benefits of a water osmosis system for pure and clean water throughout the whole home. The hallway takes you to the bedrooms and the updated bathroom, which doubles as your convenient laundry room. The private backyard can be accessed from the kitchen and is the perfect space for entertaining and spending time outdoors. There is a detached 2-car garage that adds great extra space for you and your family. Along with the detached garage, a carport was newly installed in 2023, ensuring ample parking and storage. The homes exterior received a fresh look in 2022 with new stucco, enhancing its curb appeal. The front fence was installed in 2023, and the water furnace was replaced in 2022. Stay cool and connected with the brand-new central air system and smart home thermostat, installed in 2023. This charming home offers the perfect blend of modern upgrades and cozy living. Don't miss the chance to make it yours—schedule a showing today!

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Assumption Snapshot

Type of Loan
VA
Interest Rate
5.52
Remaining Loan Term
27 years, 4 months
Monthly PITI
$2,085.43/mo
Estimated Loan Balance
$320,891
Cash to close
$4,511
Interest Paid
$47,716

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Wood

Exterior

Fencing
  • Fencing:
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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
  • Roof: Shingle
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Stratton Meadows
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $408.29
  • Tax Annual Amount: $691
  • On Market Date: 2024-09-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $4,511 (1%)
You can enter any amount below - secondary financing will cover the difference if needed.
1%
$

You cover the entire equity of $4,511!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$320,489
Your Cash$4,511
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,878/mo
Traditional @ 7.5%
$2,312/mo
You save $434/month ($5,209/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2856896

Listing From: recolorado

Last updated: 2025-03-31T20:59:22.000Z

© , 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

5.52%
7.15%

Principal & Interest

$1,878 /mo
$2,229 /mo
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 $4,511 (1%)
You can enter any amount below - secondary financing will cover the difference if needed.
1%
$

You cover the entire equity of $4,511!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$320,489
Your Cash$4,511
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,878/mo
Traditional @ 7.5%
$2,312/mo
You save $434/month ($5,209/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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