Laura Jewett

Laura Jewett

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Closed

$734,000

($317,592 down)
VA

1218 W Pikes Peak Avenue, Colorado Springs, CO 80904

4
3
2,417 sqft
PITI Monthly
$2,219.51 /mo

Listing courtesy of: Laurie Derickson, eXp Realty, LLC

Assumed Rate

2.83%
7.15%

Principal & Interest

$1,887 /mo
$3,089 /mo

What's Special

DINING
SPACIOUS
MODERN
HARDWOOD FLOORS
GRANITE COUNTERTOPS
FIREPLACE
HISTORIC

Welcome to this remarkable Victorian home located in historic Old Colorado City, boasting stunning architectural details mixed with modern living. Built in 1912, this home has had numerous updates to include refinished hardwood floors, updated kitchen, new paint throughout, new furnace and A/C unit and more. Step inside and find a welcoming and warm entry that opens to a grand dining area with a wood burning stove, ornate sliding Pocket doors leading to a comfortable sitting or living area. The updated kitchen features a farmhouse sink, new appliances, gas stove, granite countertops, new LVP flooring, and bright and clean backsplash tiles elevate the space. Throughout the home, some upgraded lighting modernizes while not losing the historic character of some fixtures that remain. Two bedrooms on the lower level are large and bright, sharing a full bathroom with free standing clawfoot tub. The lower level is a grand yet comfortable space with tons of natural light, great for entertaining or a quiet night at home. The partial basement provides easy access to your utilities and plenty of space for storage. The upper level offers the primary suite with a gas fireplace, large primary bathroom and a closet large enough for a small bedroom! An additional spacious bedroom on the upper level also boasts it's own an attached bathroom with updated tiled shower, updated tiled floors, new glass surround and vanity. You can rest easy knowing this historic home has had radon and asbestos testing, galvanized piping replaced, new sewer line, upgraded electrical panel, an engineering report, as well as foundation work done on the front porch (all documents available upon request). Please also note the zoning of R2 for this property! Don't miss out on making one of Colorado's Finest your dream home!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 8 months
Monthly PITI
$2,219.51/mo
Estimated Loan Balance
$417,311
Cash to close
$317,592
Interest Paid
$53,466

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
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
  • Roof: Composition
Condition
  • Year Built: 1912
Details
  • Builder:

Community & HOA

Community
  • Subdivision: West Colorado Springs
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $303.68
  • Tax Annual Amount: $1392
  • On Market Date: 2024-12-17T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $317,592 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $317,592!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$416,408
Your Cash$317,592
Total Purchase Price:$734,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$1,887/mo
Traditional @ 7.5%
$3,205/mo
You save $1,318/month ($15,814/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7056442

Listing From: recolorado

Last updated: 2025-02-07T21:08:16.000Z

© , 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

2.83%
7.15%

Principal & Interest

$1,887 /mo
$3,089 /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 $317,592 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $317,592!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$416,408
Your Cash$317,592
Total Purchase Price:$734,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$1,887/mo
Traditional @ 7.5%
$3,205/mo
You save $1,318/month ($15,814/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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