Dan Kaercher

Dan Kaercher

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Closed

$359,500

($284,389 down)
FHA

1311 Kachina Drive, Colorado Springs, CO 80915

3
2
1,356 sqft
PITI Monthly
$949.44 /mo

Listing courtesy of: David Porter, Rustic Realty Co

Assumed Rate

5.5%
7.15%

Principal & Interest

$618 /mo
$735 /mo

What's Special

SERENE
SHOPPING
FIREPLACE
PATIO
PUBLIC TRANSPORTATION
COZY

Must see this one-of-a-kind Cimarron Hills property. Two-car garage PLUS a carport PLUS additional parking for trailers or RV. Enjoy the .25+ acres, including a large shed in the backyard for ample storage. Recent updates include new paint, new gutters, new furnace, and a new roof along with newer windows and recently tiled kitchen floor. Downstairs you'll find a bonus room and a welcoming family room where you can watch the game or cozy up in front of the wood-burning fireplace. The addition of the enclosed back patio offers a fabulous retreat in which to enjoy serene surroundings. This house is a short drive from Peterson Space Force Base, close to schools and public transportation, and an easy commute to shopping and employment along the Powers Boulevard Corridor.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.5
Remaining Loan Term
14 years, 4 months
Monthly PITI
$949.44/mo
Estimated Loan Balance
$75,925
Cash to close
$284,389
Interest Paid
$80,791

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Other
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Wood Burning
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Full
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, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $265.12
  • Tax Annual Amount: $1250
  • On Market Date: 2024-10-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $284,389 (79%)
You can enter any amount below - secondary financing will cover the difference if needed.
79%
$

You cover the entire equity of $284,389!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$75,111
Your Cash:$284,389
Total Purchase Price:$359,500

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$618/mo
Traditional @ 7.5%
$763/mo
You save $145/month ($1,735/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8787741

Listing From: recolorado

Last updated: 2025-02-27T17:41:21.000Z

© , 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

5.5%
7.15%

Principal & Interest

$618 /mo
$735 /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 $284,389 (79%)
You can enter any amount below - secondary financing will cover the difference if needed.
79%
$

You cover the entire equity of $284,389!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$75,111
Your Cash:$284,389
Total Purchase Price:$359,500

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$618/mo
Traditional @ 7.5%
$763/mo
You save $145/month ($1,735/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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