Dan Kaercher

Dan Kaercher

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Under Contract

$269,000

($110,963 down)
FHA

224 W Mill Street, Colorado Springs, CO 80903

2
1
760 sqft
PITI Monthly
$1,208.11 /mo

Listing courtesy of: Anita L Tart, HomeSmart Realty

Assumed Rate

4.37%
7.15%

Principal & Interest

$887 /mo
$1,200 /mo

What's Special

MINUTES AWAY
COZY

Best Value By Far in Colorado Springs. Cozy Tiny Home with over 660 s.f. Walk to Weidner Field, an 8,000 seat outdoor stadium and the home to the USL Championship Switchbacks Soccer Team. Weidner Field also hosts business events and concerts. The home is just minutes away from vibrant and walkable downtown area known as "Downtown COS", offering a mix of local culture, restaurants, shops and public art. The one-square mile downtown area is home to over 140 restaurants, bars, breweries and coffee shops as well as 65+ shops and galleries. Your homes lot is large and zoned R-2. Let your imagination run wild, stay in the house and build a duplex in the future. Remove the House and build a duplex now. How about an ADU? Possibilities are endless with County approval. The covered front porch welcomes you to this home. From your South facing porch you can see Cheyenne mountain. Watch the storms roll in over the mountain top. Southern exposure warms your living room through newer windows throughout. Neutral color palette. Blink and you might miss the opportunity to live in this quaint neighborhood. The 660 s.f. by appraisal does not include the finished laundry/porch enclosure (approx 100 s.f.). Property is being sold as-is. Information is deemed reliable, buyer to verify all information.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.37
Remaining Loan Term
24 years, 0 months
Monthly PITI
$1,208.11/mo
Estimated Loan Balance
$159,576
Cash to close
$110,963
Interest Paid
$44,166

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Front Yard, Rear
Roof
  • Roof: Shingle
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: Bungalow
Materials
  • Frame
  • Roof: Shingle
Condition
  • Year Built: 1937
Details
  • Builder:

Community & HOA

Community
  • Subdivision: South End Colorado Springs
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $353.95
  • Tax Annual Amount: $545
  • On Market Date: 2025-03-28T00:00:00.000Z
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 $110,963 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $110,963!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$158,037
Your Cash$110,963
Total Purchase Price:$269,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$887/mo
Traditional @ 7.5%
$1,245/mo
You save $358/month ($4,299/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8332270

Listing From: recolorado

Last updated: 2025-03-31T23:04:20.000Z

© , 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

4.37%
7.15%

Principal & Interest

$887 /mo
$1,200 /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 $110,963 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $110,963!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$158,037
Your Cash$110,963
Total Purchase Price:$269,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$887/mo
Traditional @ 7.5%
$1,245/mo
You save $358/month ($4,299/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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