Dan Kaercher

Dan Kaercher

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Closed

$299,999

($102,502 down)
FHA

1048 Florence Avenue, Colorado Springs, CO 80905

3
1
894 sqft
PITI Monthly
$1,250.72 /mo

Listing courtesy of: Heather Klein, Venterra Real Estate LLC

Assumed Rate

2.83%
7.15%

Principal & Interest

$891 /mo
$1,459 /mo

What's Special

SHOPPING
SPACIOUS
MOVE-IN READY
COZY

Welcome to this sweet, cozy home nestled in south Colorado Springs! Highlights include proximity to the World Arena, world famous Cheyenne Mountain Zoo, multiple military bases, open spaces, shopping, and Downtown! This neighborhood is established and lies in the path of a 25 year city project that includes updates and improvements, benefiting all of its residents as time goes on. The home itself has a private, fenced backyard perfect for pets and entertaining. Off-street parking is available in the driveway adjacent to the home, with enough room for at least two full-size vehicles. Inside, enjoy tons of natural light pouring through the beautiful window bank in the living room. As winter approaches, you can look forward to warming yourself by the wood-burning stove. The surprisingly spacious kitchen is conveniently flanked by a pantry/utility room combo, with easy access to the backyard - perfect for summer barbecues! All three bedrooms are situated together and have close access to the bathroom. The roof was replaced and permitted in 2020, the furnace was replaced and permitted in 2022, and the radon mitigation system was installed circa 2020, so you can rest easy knowing you won't have to deal with those items any time soon. This lovely home is move-in ready and won't last long - ask your agent to schedule a showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.83
Remaining Loan Term
25 years, 8 months
Monthly PITI
$1,250.72/mo
Estimated Loan Balance
$206,716
Cash to close
$102,502
Interest Paid
$25,249

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Other
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, Living Room, Wood Burning
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Partial
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: 1957
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $335.57
  • Tax Annual Amount: $680
  • On Market Date: 2024-09-28T00:00:00.000Z
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 $102,502 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $102,502!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$197,497
Your Cash$102,502
Total Purchase Price:$299,999

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$891/mo
Traditional @ 7.5%
$1,513/mo
You save $622/month ($7,468/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4852036

Listing From: recolorado

Last updated: 2025-03-11T22:09:21.000Z

© , 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

2.83%
7.15%

Principal & Interest

$891 /mo
$1,459 /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 $102,502 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $102,502!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$197,497
Your Cash$102,502
Total Purchase Price:$299,999

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$891/mo
Traditional @ 7.5%
$1,513/mo
You save $622/month ($7,468/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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