Laura Jewett

Laura Jewett

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

$645,000

($53,387 down)
VA

8518 Moorland Lane, Colorado Springs, CO 80927

4
3
2,844 sqft
PITI Monthly
$3,046.12 /mo

Listing courtesy of: Amber Wolcott, The Cutting Edge

Assumed Rate

2.79%
7.15%

Principal & Interest

$2,585 /mo
$4,255 /mo

What's Special

DINING
GRANITE COUNTERTOPS
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
FINISHED BASEMENT
PATIO
LANDSCAPED
COZY
SOLAR PANELS

Spectacular Banning Lewis home, set on a premium lot with views. You'll find quality upgrades throughout this highly sought-after Hillspire Model, built by Classic Homes. The high ceilings, beautiful natural wood floors, and complete open floor plan immediately grab your attention. The updated kitchen has timeless granite countertops, gas range, pantry, tile backsplash, and oversized island that overlooks the dining and living room. Anchoring this space is a beautiful stone gas fireplace, with a mantel. The dining room leads has an abundance of windows that look out onto the covered patio & landscaped backyard; get cozy in the saltwater hot tub, under the bistro lights, taking in the views. Wrapping the north side of the home, you'll find a convenient sidewalk that leads to the garage service door & side gate. The Primary Suite on the main floor is a slice of oversized paradise. The barn door leads to the private en-suite with a soaking tub, standing shower, double sinks, and large walk-in closet. There is another bedroom with a full bathroom on the main level as well. Impressive wrought iron balusters and dark-stained wooden handrails with a custom-built gate lead down to the finished basement. The basement offers an enormous recreational/multipurpose room, a full bath, and two large bedrooms with walk-in closets. The storage area has over 400 sq.ft. of unfinished space - to make your very own (5th bedroom, gym, etc.). There is even a little play area under the stairs. The newly installed Solar Panels are a great future investment as well! Overall, this home in Banning Lewis Ranch is a true masterpiece, offering the perfect combination of indoor and outdoor living. Banning Lewis Ranch offers many amenities including 2 pools, farmers markets, concerts, dog parks, and over 75 acres of parks & trails.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.79
Remaining Loan Term
26 years, 5 months
Monthly PITI
$3,046.12/mo
Estimated Loan Balance
$594,024
Cash to close
$53,387
Interest Paid
$60,555

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Solar
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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: Traditional
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 2015
Details
  • Builder: Classic Homes

Community & HOA

Community
  • Subdivision: Banning Lewis Ranch
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Banning Lewis Metro District 3
  • HOA Amenities: Unknown
  • HOA Fee: $87
  • HOA Frequency: $Monthly
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $226.79
  • Tax Annual Amount: $3530
  • On Market Date: 2024-03-26T00:00:00.000Z
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 $53,387 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $53,387!

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

Loan Breakdown

Assumed Mortgage2.79% Sellers Rate
$591,613
Your Cash$53,387
Total Purchase Price:$645,000

Assumed vs Traditional Mortgage

Assumed @ 2.79%
$2,585/mo
Traditional @ 7.5%
$4,414/mo
You save $1,828/month ($21,941/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2071903

Listing From: recolorado

Last updated: 2024-10-01T18:00:07.000Z

© , 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

2.79%
7.15%

Principal & Interest

$2,585 /mo
$4,255 /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 $53,387 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $53,387!

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

Loan Breakdown

Assumed Mortgage2.79% Sellers Rate
$591,613
Your Cash$53,387
Total Purchase Price:$645,000

Assumed vs Traditional Mortgage

Assumed @ 2.79%
$2,585/mo
Traditional @ 7.5%
$4,414/mo
You save $1,828/month ($21,941/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.