Cheryl Riley

Cheryl Riley

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Active

$1,499,900

($731,079 down)
VA

17955 Grama Ridge, Colorado Springs, CO 80908

6
4
4,434 sqft
PITI Monthly
$4,160.03 /mo

Listing courtesy of: Casey Mitchell Stevens, Orchard Brokerage LLC

Assumed Rate

2.77%
7.15%

Principal & Interest

$3,430 /mo
$5,660 /mo

What's Special

REMODELED
SERENE
SHOPPING
SPACIOUS
LUXURY
CUSTOM BUILT
LANDSCAPED
SPRINKLER SYSTEM
MOUNTAIN VIEWS
EFFICIENT

Rare Opportunity – Custom Smart Home on Expansive Corner Lot with Mountain Views - Walden Preserve, a premier community offering breathtaking mountain views, forest serenity, and miles of scenic trails—just minutes from Northgate and Interquest shopping, downtown Monument, and Hwy 83 access to Denver. This fully remodeled 6-bedroom, 4-bath custom smart home is situated on a spacious .83 acre quiet corner lot, an ADJACENT .63 ACRE LOT INCLUDED bringing the total to 1.5 acres. Plus, a LOT is for sale offering a unique opportunity to expand your estate to 1.98 acres. Boasting over 4,500 sq. ft. of thoughtfully updated living space, this home features 4 bedrooms upstairs, 2 in the walk-out basement, and a dedicated main-level office with custom built-ins. Fully remodeled: New roof (2020), new stucco with fiberglass mesh (2022), interior paint, light switches, outlets, and more Energy-efficient upgrades: 9kW solar system (2021), ALL NEW Andersen composite windows (2023), Nest thermostats, LED lighting, dual A/C units, 2 water heaters, whole-house humidifier, radon mitigation system, water pressure booster, and recirculating pump. Smart home tech: Bluetooth intercom, smart ovens, Schlage locks, Ring cameras, MyQ garage doors, Hunter smart sprinkler system Gourmet kitchen: Knotty alder cabinets, granite counters, double ovens, gas cooktop, water filtration system, and all new appliances (2021)Luxury flooring: Heated Ditra tile floors (main level), engineered Cali-Bamboo (upstairs), and Cali Geo-Wood (basement) Outdoor living: Landscaped yard with firepit, gas grill, 6-person Master Spa hot tub (2021) - All connected to community well and sewer, and just a short walk to award-winning D38 Kilmer Elementary—yet peacefully removed in a serene, upscale neighborhood. This is a rare opportunity to own a custom-built, energy-efficient, smart home—with the potential to expand or build additional home on the included lot and option to purchase another!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.77
Remaining Loan Term
26 years, 4 months
Monthly PITI
$4,160.03/mo
Estimated Loan Balance
$967,788
Cash to close
$731,079
Interest Paid
$81,739

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Active Solar, Forced Air, Radiant, Radiant Floor, Solar
Features
  • Materials: Frame, Stone, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Family Room, Gas, Kitchen
  • Flooring: Tile, Vinyl, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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: Mountain Contemporary, Traditional
Materials
  • Frame, Stone, Stucco
  • Roof: Composition
Condition
  • Year Built: 2005
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Walden III
  • Features: Hiking or Biking Trails, Lake
HOA
  • Has HOA: Yes
  • HOA Name: Walden
  • HOA Amenities: Unknown
  • HOA Fee: $250
  • HOA Frequency: $Annually
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $338.27
  • Tax Annual Amount: $5161
  • On Market Date: 2025-03-06T00:00:00.000Z
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 $731,079 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $731,079!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$768,821
Your Cash$731,079
Total Purchase Price:$1,499,900

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,430/mo
Traditional @ 7.15%
$5,871/mo
You save $2,441/month ($29,291/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3229821

Listing From: recolorado

Last updated: 2025-04-13T00:02:24.000Z

© , 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

2.77%
7.15%

Principal & Interest

$3,430 /mo
$5,660 /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 $731,079 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $731,079!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$768,821
Your Cash$731,079
Total Purchase Price:$1,499,900

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,430/mo
Traditional @ 7.15%
$5,871/mo
You save $2,441/month ($29,291/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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