Laura Jewett

Laura Jewett

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$499,000

($40,127 down)
VA

516 N Pine Street, Colorado Springs, CO 80905

4
2
1,720 sqft
PITI Monthly
$2,365.07 /mo

Listing courtesy of: Jeffrey Johnson, Keller Williams Premier Realty

Assumed Rate

2.9%
7.15%

Principal & Interest

$2,065 /mo
$3,351 /mo

What's Special

LOCATION
MODERN
HARDWOOD FLOORS
STAINLESS STEEL APPLIANCES
FIREPLACE
FENCED YARD
COZY

Discover this beautiful 4-bedroom, 2-bathroom gem built in 1895, nestled in the heart of Colorado Springs! With a prime location that's just a stroll away from both Downtown Colorado Springs and Old Colorado City, this home blends timeless charm with contemporary upgrades. Step inside to find real hardwood floors that enhance the home’s character, a cozy wood-burning fireplace, and a bright, updated kitchen featuring quartz countertops and stainless steel appliances. The bathrooms have been tastefully modernized with ceramic tile, bringing a touch of elegance to everyday living. Outside, enjoy the fully fenced yard – perfect for pets, entertaining, or simply relaxing in your private outdoor space. The detached one-car garage offers additional storage and convenience. With a proven record as a successful long-term rental property, this home also provides an exceptional opportunity for buyers looking to invest. Don’t miss this chance to own a piece of Colorado Springs history with all the comforts of modern living. Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.9
Remaining Loan Term
26 years, 7 months
Monthly PITI
$2,365.07/mo
Estimated Loan Balance
$459,827
Cash to close
$40,127
Interest Paid
$47,389

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Electric, Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Wood Burning
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Shingle
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: Shingle
Condition
  • Year Built: 1895
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $290.12
  • Tax Annual Amount: $1599.99
  • On Market Date: 2025-04-02T21:30:25.000Z
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 $40,127 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $40,127!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$458,873
Your Cash$40,127
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$2,065/mo
Traditional @ 7.5%
$3,476/mo
You save $1,411/month ($16,930/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 9899066

Listing From:

Last updated: 2025-02-10T15:28:23.000Z

© , 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

2.9%
7.15%

Principal & Interest

$2,065 /mo
$3,351 /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 $40,127 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $40,127!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$458,873
Your Cash$40,127
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$2,065/mo
Traditional @ 7.5%
$3,476/mo
You save $1,411/month ($16,930/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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