Cheryl Riley

Cheryl Riley

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$405,000

($71,780 down)
FHA

1702 Grant Avenue, Colorado Springs, CO 80909

3
2
1,488 sqft
PITI Monthly
$2,577.96 /mo

Listing courtesy of: McKenna Mau, Berkshire Hathaway HomeServices Colorado Real Estate, LLC

Assumed Rate

6.11%
7.15%

Principal & Interest

$2,085 /mo
$2,321 /mo

What's Special

SHOPPING
DINING
SPACIOUS
MODERN
FINISHED BASEMENT
HOME OFFICE
CHARMING
NO HOA

Welcome to this charming ranch-style home in the heart of Colorado Springs! Offering 1,872 total square feet, this 3-bedroom, 2-bathroom residence blends comfort and convenience with thoughtful updates throughout. Step inside to find a modern kitchen featuring a newer dishwasher, oven, and refrigerator (2022), perfect for home chefs. The partially finished basement provides additional living space, ideal for a recreation room, home office, or gym. Recent updates include a brand-new roof (2024), new water heater (2024), and new washer/dryer (2024), ensuring long-term peace of mind. Plus, the home is wired for Fiber Internet—perfect for remote work or streaming. Enjoy Colorado’s beautiful outdoors in the fully fenced, spacious backyard—a perfect setting for entertaining, pets, or simply relaxing. The attached 1-car garage provides added convenience and storage. Located just 5 minutes from Palmer Park and 10 minutes from Hwy 25, this home offers easy access to outdoor recreation, shopping, and dining. Best of all, NO HOA! Don’t miss out on this fantastic opportunity—schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 7 months
Monthly PITI
$2,577.96/mo
Estimated Loan Balance
$346,950
Cash to close
$71,780
Interest Paid
$50,019

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Vinyl, Wood

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: 1958
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $272.18
  • Tax Annual Amount: $1197.56
  • On Market Date: 2025-04-09T22:40:03.000Z
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 $71,780 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $71,780!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$333,220
Your Cash$71,780
Total Purchase Price:$405,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,085/mo
Traditional @ 7.15%
$2,408/mo
You save $323/month ($3,874/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 3560156

Listing From:

Last updated: 2025-04-09T22:42:11.000Z

© , 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

6.11%
7.15%

Principal & Interest

$2,085 /mo
$2,321 /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 $71,780 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $71,780!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$333,220
Your Cash$71,780
Total Purchase Price:$405,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,085/mo
Traditional @ 7.15%
$2,408/mo
You save $323/month ($3,874/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© 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 American Allstar Realty 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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