Laura Jewett

Laura Jewett

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Under Contract

$439,900

($95,371 down)
FHA

3118 Drakestone Drive, Colorado Springs, CO 80909

4
2
2,117 sqft
PITI Monthly
$2,863.31 /mo

Listing courtesy of: Elizabeth Mullen, The Cutting Edge

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,328 /mo
$2,387 /mo

What's Special

FRESH PAINT
SHOPPING
HARDWOOD FLOORS
CHARMING
EFFICIENT
NO HOA

Welcome to this charming tri-level property nestled in a peaceful neighborhood with no HOA! This 2,150 square foot house features four bedrooms and two bathrooms, perfect for families seeking comfort and convenience. Enjoy the refinished hardwood floors in the living room - matching hardwood is under the carpet upstairs. The kitchen has refinished cabinets, and the home has fresh paint throughout. A new electric panel, cross manifold, and hot water heater make sure this home is equipped with amenities for efficiency and reliability. The walkout basement is ideal for a short-term rental, mother-in-law suite, or separate living quarters. New energy efficient LED light fixtures and a ceiling fan in the living room make for a comfortable atmosphere year-round. The main level opens to a generous back porch, ready for entertaining, or simply enjoying the quiet, fenced backyard. For those who love to tinker, the two-car garage includes a workshop space. Centrally located next to Palmer Park for outdoor enthusiasts, this home offers easy access to schools, shopping, and recreation, making it an ideal setting for both relaxation and activity. Don't miss the opportunity to own this thoughtfully updated home in a wonderful community.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 8 months
Monthly PITI
$2,863.31/mo
Estimated Loan Balance
$344,874
Cash to close
$95,371
Interest Paid
$56,235

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Hot Water, Natural Gas
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement
  • Flooring: Carpet, Ceramic Tile, Vinyl

Exterior

Fencing
  • Fencing: Rear
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: None
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $207.79
  • Tax Annual Amount: $1619.96
  • On Market Date: 2025-04-02T22:12:03.000Z
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 $95,371 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $95,371!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$344,529
Your Cash$95,371
Total Purchase Price:$439,900

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,328/mo
Traditional @ 7.5%
$2,476/mo
You save $148/month ($1,781/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 1484800

Listing From:

Last updated: 2025-03-29T03:15:00.000Z

© , PPMLS. 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.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,328 /mo
$2,387 /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 $95,371 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $95,371!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$344,529
Your Cash$95,371
Total Purchase Price:$439,900

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,328/mo
Traditional @ 7.5%
$2,476/mo
You save $148/month ($1,781/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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