Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$520,000

($237,245 down)
VA

7645 Potomac Drive, Colorado Springs, CO 80920

4
4
2,654 sqft
PITI Monthly
$1,570.55 /mo

Listing courtesy of: Matthew Pacheco, Keller Williams Premier Realty, LLC

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,258 /mo
$2,049 /mo

What's Special

ENTERTAINMENT
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
WALK-IN CLOSET
FINISHED BASEMENT
PATIO
SPRINKLER SYSTEM
CHARMING
COZY
NO HOA

Charming 4-Level Home in Briargate on a Corner Lot in school district 20! Walking distance to amazing parks and trails plus some of the best schools in the area! Open space and Cottonwood Creek Trail are directly across the street plus easy access to shops, entertainment and some of the most desirable areas of Colorado Springs. Welcome to this beautifully designed four-level home, ideally located between Woodmen and Research in the heart of Briargate. Situated on a generous corner lot, over a quarter acre, this home offers both charm and functionality. Step inside to a bright living room with vaulted ceilings that give an open, airy feel. The kitchen features stainless steel appliances and an eat-in dining area that flows seamlessly into the lower-level family room. Cozy up by the wood-burning fireplace or enjoy the convenience of the updated half bath, laundry area, and attached insulated garage. Sliding doors provide easy access to the large backyard, mostly xeriscaped for low maintenance. The 28x17 covered patio is perfect for entertaining or relaxing outdoors. Upstairs, the primary suite offers vaulted ceilings, electric blinds, a walk-in closet, and an ensuite bath with double sinks and a walk-in shower. Two additional bedrooms with vaulted ceilings and an updated full bath with a skylight complete the upper level. The finished basement includes a second family/rec room, a fourth bedroom, and an updated 3/4 bath, making it an ideal space for guests or additional living space. Notable updates include: NO HOA, a 2023 water heater, a 2024 roof, updated bathrooms, newer paint, and carpet. Exterior features include drip lines with an auto sprinkler system, spacious storage shed on a concrete slab. With nearby bike and hiking trails and walking distance to all three neighborhood schools, this home is perfectly situated for convenience. It’s ready for you to move in and enjoy!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$1,570.55/mo
Estimated Loan Balance
$283,335
Cash to close
$237,245
Interest Paid
$30,006

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Wood Burning
  • Flooring: Carpet

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
  • Roof: Composition
Condition
  • Year Built: 1996
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Fairfax At Briargate
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $195.93
  • Tax Annual Amount: $1755
  • On Market Date: 2024-10-25T00:00:00.000Z
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 $237,245 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $237,245!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$282,755
Your Cash$237,245
Total Purchase Price:$520,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,258/mo
Traditional @ 7.5%
$2,125/mo
You save $867/month ($10,408/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7036797

Listing From: recolorado

Last updated: 2025-01-17T15:10:16.000Z

© , 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

$1,258 /mo
$2,049 /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 $237,245 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $237,245!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$282,755
Your Cash$237,245
Total Purchase Price:$520,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,258/mo
Traditional @ 7.5%
$2,125/mo
You save $867/month ($10,408/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.