Cheryl Riley

Cheryl Riley

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$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: Bret Relitz, HomeSmart

Assumed Rate

4.37%
7.15%

Principal & Interest

$887 /mo
$1,200 /mo

What's Special

Super cute downtown bungalow is the best value by far in Colorado Springs! This right sized gem offers all of the space you need and an adorable yard with so many possibilities! It's corner lot includes off street parking, fencing, and plenty of space for gardens and planting. This home offers a great view of Cheyenne Mountain right from your own front porch! The property is also zoned R2 so there are options for the future as well. located in the Mill Street neighborhood, and just a short walk to the new Weidner Field to catch a concert or soccer game!

... 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
$158,347
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: 2025-04-02T22:20:15.000Z
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.

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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 @ 7.15%
$1,245/mo
You save $358/month ($4,299/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 8943983

Listing From:

Last updated: 2025-04-14T12:24:12.000Z

© , 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

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 @ 7.15%
$1,245/mo
You save $358/month ($4,299/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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