Laura Jewett

Laura Jewett

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Closed

$525,000

($340,901 down)
VA

6687 Cottonwood Tree Drive, Colorado Springs, CO 80927

5
4
2,568 sqft
PITI Monthly
$1,698.47 /mo

Listing courtesy of: Treasure Davis, eXp Realty, LLC

Assumed Rate

4.13%
7.15%

Principal & Interest

$1,278 /mo
$1,780 /mo

What's Special

SERENE
DINING
SPACIOUS
MOVE-IN READY
MODERN
LUXURY
MASTER SUITE
FINISHED BASEMENT
HOME OFFICE
GAME ROOM
DECK
LANDSCAPED
WALKING TRAILS

Welcome to your new home in the highly sought-after Banning Lewis Ranch subdivision! This stunning 5-bedroom, 4-bathroom residence is move-in ready and boasts a bright and open floor plan designed for modern living. Situated within walking distance to top-rated neighborhood schools and a beautiful park, this home offers the perfect blend of convenience and community. The thoughtfully designed layout features spacious living areas filled with natural light, making it ideal for both entertaining and everyday living. The heart of the home is the beautiful kitchen, perfect for preparing meals and hosting gatherings. Adjacent to the kitchen, the dining and living areas flow seamlessly, creating a welcoming space for family and friends to come together. Retreat to the luxurious master suite upstairs, where you'll find a serene escape with an ensuite bathroom and generous closet space. Two additional bedrooms upstairs offer plenty of room for family, guests, or a home office. The finished basement adds even more living space, featuring a large great room with a built in bar perfect for a home theater or game room! The basement also includes two additional bedrooms and bathroom, providing a private guest suite or additional living quarters. Enjoy the outdoors with the spacious deck and beautifully landscaped yard, perfect for barbecues, gardening, or simply relaxing! Take in the private view with open space behind the home. With close proximity to community amenities, including walking trails, pools, and recreation centers, this home offers an unparalleled lifestyle. Don't miss your chance to own this exceptional home in Banning Lewis Ranch. Schedule a showing today and discover the perfect combination of luxury, comfort, and convenience!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
4.13
Remaining Loan Term
19 years, 5 months
Monthly PITI
$1,698.47/mo
Estimated Loan Balance
$316,718
Cash to close
$340,901
Interest Paid
$103,342

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame, Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Laminate, Linoleum

Exterior

Fencing
  • Fencing: Partial
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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Stone, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 2010
Details
  • Builder:

Community & HOA

Community
  • Subdivision: BANNING LEWIS RANCH
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: MSI
  • HOA Amenities: Unknown
  • HOA Fee: $87
  • HOA Frequency: $Monthly
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $204.44
  • Tax Annual Amount: $3045
  • On Market Date: 2024-06-21T00:00:00.000Z
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 $340,901 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $340,901!

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

Loan Breakdown

Assumed Mortgage4.13% Sellers Rate
$184,099
Your Cash:$340,901
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 4.13%
$1,278/mo
Traditional @ 7.5%
$1,846/mo
You save $568/month ($6,820/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8070518

Listing From: recolorado

Last updated: 2024-10-01T18:11:08.000Z

© , 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

4.13%
7.15%

Principal & Interest

$1,278 /mo
$1,780 /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 $340,901 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $340,901!

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

Loan Breakdown

Assumed Mortgage4.13% Sellers Rate
$184,099
Your Cash:$340,901
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 4.13%
$1,278/mo
Traditional @ 7.5%
$1,846/mo
You save $568/month ($6,820/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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