Dan Kaercher

Dan Kaercher

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Closed

$280,000

($113,925 down)
VA

1028 E Costilla Street, Colorado Springs, CO 80903

2
1
768 sqft
PITI Monthly
$1,244.6 /mo

Listing courtesy of: Ray Brown, RE/MAX Advantage Realty Inc.

Assumed Rate

5.52%
7.15%

Principal & Interest

$1,032 /mo
$1,225 /mo

What's Special

LOCATION
SHOPPING
DINING
HARDWOOD FLOORS
HISTORIC

Turn of the Century Diamond in the Rough! 2 bedrooms, 1 full bath - LOCATION LOCATION LOCATION - this home is one block from all that Memorial Park and Prospect Lake have to offer: cricket field, skate park, velodrome, baseball fields, tennis center, Fallen Firefighter Memorial, and even the Nikola Tesla Laboratory Historical Marker! Walking distance to shopping, less than 1 mile to downtown dining and clubs! Built in 1898 for railroad workers, this home has a wood burning stove as the primary source of heat, and also ductwork in place from the previously installed furnace. Main level living with a partial basement - two bedrooms, a dining room, a living room, full bath, and a covered front porch are ready for your love and care! Hardwood floors, crown moulding, updated electrical panel, newer sewer cleanout, newer roof & gutters. There is work to be done here, yet it is livable in its current condition. The fully fenced lot has RV parking and two sheds.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
5.52
Remaining Loan Term
27 years, 4 months
Monthly PITI
$1,244.6/mo
Estimated Loan Balance
$176,515
Cash to close
$113,925
Interest Paid
$26,215

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Linoleum, Vinyl, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1898
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $364.58
  • Tax Annual Amount: $755
  • On Market Date: 2024-08-13T00:00:00.000Z
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 $113,925 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $113,925!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$166,075
Your Cash$113,925
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,032/mo
Traditional @ 7.5%
$1,270/mo
You save $238/month ($2,862/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5325529

Listing From: recolorado

Last updated: 2024-10-12T01:23:16.000Z

© , 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

5.52%
7.15%

Principal & Interest

$1,032 /mo
$1,225 /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 $113,925 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $113,925!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$166,075
Your Cash$113,925
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,032/mo
Traditional @ 7.5%
$1,270/mo
You save $238/month ($2,862/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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