Laura Jewett

Laura Jewett

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Closed

$300,000

($13,906 down)
VA

506 Lakewood Circle, Colorado Springs, CO 80910

3
2
1,916 sqft
PITI Monthly
$1,492.73 /mo

Listing courtesy of: Elizabeth Reeder, Colorado Homestead Realty

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,272 /mo
$2,073 /mo

What's Special

SERENE
DINING
SPACIOUS
MODERN
FIREPLACE
WALK-IN CLOSET
DECK
PATIO
CHARMING
COZY

VA ASSUMABLE LOAN 2.99%! Discover this charming tri-level townhome with breathtaking views of the Front Range. The main level features tile flooring with an open kitchen, laundry/utility room, and 3/4 bathroom. Both upper bedrooms feature sliding doors that open onto a spacious covered deck, offering the perfect spot to enjoy the stunning mountain and golf course vistas. The primary bedroom features a walk-in closet and access to the full bathroom. The upper and lower levels boast newer vinyl plank flooring, adding a touch of modern elegance. The family room features a cozy wood-burning fireplace and is separated from an adjoining room by moveable bookshelves. This versatile space, complete with a closet, can be used as a bedroom, office, or dining area. The carpeted sunroom opens directly to the patio and backyard, offering a comfortable space for gatherings. This townhome backs onto a greenbelt area and the Valley Hi golf course, enhancing the sense of open space. You'll also find a secluded garden retreat at the edge of the greenbelt, perfect for gardening and a little sitting area. Attached two car garage on the main level with a workbench and added storage. Additional storage is available above the garage with convenient pull-down stairs. With some finishing touches, you can complete the updates and make this townhome your own. Don't miss the opportunity to enjoy serene living with spectacular views.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$1,492.73/mo
Estimated Loan Balance
$286,681
Cash to close
$13,906
Interest Paid
$30,360

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick, Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Wood Burning
  • Flooring: Carpet, Tile, Vinyl

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
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: Townhouse
  • Architectural Style: Unknown
Materials
  • Brick, Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1978
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Satellite
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Lakewood Townhomes
  • HOA Amenities: Unknown
  • HOA Fee: $345
  • HOA Frequency: $Monthly
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $156.58
  • Tax Annual Amount: $843
  • On Market Date: 2024-06-23T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $13,906 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $13,906!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$286,094
Your Cash$13,906
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,272/mo
Traditional @ 7.5%
$2,150/mo
You save $878/month ($10,531/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7643020

Listing From: recolorado

Last updated: 2025-01-16T15:27:16.000Z

© , 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

2.87%
7.15%

Principal & Interest

$1,272 /mo
$2,073 /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 $13,906 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $13,906!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$286,094
Your Cash$13,906
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,272/mo
Traditional @ 7.5%
$2,150/mo
You save $878/month ($10,531/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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