Laura Jewett

Laura Jewett

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Closed

$675,000

($365,823 down)
VA

971 Terrace Circle, Colorado Springs, CO 80904

3
2
2,274 sqft
PITI Monthly
$1,629.4 /mo

Listing courtesy of: Billy Wiegner, Colorado Home Realty

Assumed Rate

2.74%
7.15%

Principal & Interest

$1,363 /mo
$2,258 /mo

What's Special

SERENE
SPACIOUS
DECK
CHARMING

Discover your sanctuary in the heart of Colorado Springs at this exquisite home nestled in the coveted Mesa Terrace subdivision. Just a short walk or drive from downtown, yet a world away, this residence offers unparalleled tranquility and stunning views of both the majestic mountains and the vibrant cityscape from every room. Imagine waking up to the sight of Pikes Peak, so close it feels within arm's reach. This 3-bedroom, 2-bathroom home boasts charming beamed ceilings that add character to the spacious interior. A walkout basement provides additional living space, while an expansive deck overlooks a peaceful wooded gulch, perfect for entertaining or simply unwinding amidst nature. For outdoor enthusiasts, the Palmer-Mesa and Somdermann Open Space Trails are within walking distance, offering endless opportunities for hiking and exploring. Experience the best of serene and secluded Westside living combined with convenient access to urban amenities and natural beauty. Don't miss the chance to make this exceptional property your own oasis.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.74
Remaining Loan Term
25 years, 11 months
Monthly PITI
$1,629.4/mo
Estimated Loan Balance
$316,944
Cash to close
$365,823
Interest Paid
$35,729

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Living Room, Wood Burning
  • Flooring: Carpet, Linoleum, Vinyl, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1964
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $296.83
  • Tax Annual Amount: $1199
  • On Market Date: 2024-06-26T00:00:00.000Z
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 $365,823 (54%)
You can enter any amount below - secondary financing will cover the difference if needed.
54%
$

You cover the entire equity of $365,823!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$309,177
Your Cash:$365,823
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,363/mo
Traditional @ 7.5%
$2,342/mo
You save $979/month ($11,747/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC9079766

Listing From: recolorado

Last updated: 2024-10-01T18:07:54.000Z

© , 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

2.74%
7.15%

Principal & Interest

$1,363 /mo
$2,258 /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 $365,823 (54%)
You can enter any amount below - secondary financing will cover the difference if needed.
54%
$

You cover the entire equity of $365,823!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$309,177
Your Cash:$365,823
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,363/mo
Traditional @ 7.5%
$2,342/mo
You save $979/month ($11,747/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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