Tracy Strachan

Tracy Strachan

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$515,000

($116,308 down)
VA

5487 Geode Lane, Colorado Springs, CO 80922

5
4
2,839 sqft
PITI Monthly
$2,252.95 /mo

Listing courtesy of: Renelle Councill ABR C2EX MRP , Springs Home Finders

Assumed Rate

3.31%
7.15%

Principal & Interest

$1,951 /mo
$3,006 /mo

What's Special

LOCATION
DINING
SPACIOUS
WALK-IN CLOSET
FINISHED BASEMENT

Welcome to this meticulously maintained home, with updates throughout! As you enter the home you will be greeted by a grand entry way that flows into the formal dining room. Just off the dining room is the kitchen complete with a eat in nook! Overlooking the kitchen is a lovely and sizable living room creating a cohesive space. To round out the main level there is also laundry and a large half bath just off the living room. Head upstairs to find a spacious loft, three bedrooms and a large full bathroom. Additionally, you will find the gorgeous primary suite, featuring an upgraded five piece bath, custom walk-in closet and considerable amount of space for bedroom furniture. This home has even more to offer, head all the way down to the fully finished basement, offering a world of flexibility. The basement is currently configured with a gym, theatre room, and sitting area. Furthermore it offers a fifth bedroom, fourth bathroom and storage. Just when you think this home can't get any better, don't forget the three car garage, basketball court in backyard, and a 1/3rd acre lot on a cul de sac. The homeowners have also installed new windows, furnace, and water heater in the past year! Prime Stetson Hills location come take a look today.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.31
Remaining Loan Term
25 years, 1 months
Monthly PITI
$2,252.95/mo
Estimated Loan Balance
$399,541
Cash to close
$116,308
Interest Paid
$68,818

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Luxury Vinyl

Exterior

Fencing
  • Fencing:
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 2002
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $181.4
  • Tax Annual Amount: $1619.2
  • On Market Date: 2025-05-01T06:30:05.000Z
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 $116,308 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $116,308!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$398,692
Your Cash$116,308
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,951/mo
Traditional @ 7.15%
$3,118/mo
You save $1,166/month ($13,995/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 1372040

Listing From:

Last updated: 2025-05-01T06:30:00.000Z

© , PPMLS. 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.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Assumed Rate

3.31%
7.15%

Principal & Interest

$1,951 /mo
$3,006 /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 $116,308 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $116,308!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$398,692
Your Cash$116,308
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,951/mo
Traditional @ 7.15%
$3,118/mo
You save $1,166/month ($13,995/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Tracy Strachan(602) 573-1500tstrachan05@gmail.comMLS

© 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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