Cheryl Riley

Cheryl Riley

Property SearchContact
primary-1
primary-2primary-3
Active

$719,000

($439,262 down)
VA

2392 Pelican Bay Drive, Colorado Springs, CO 80921

4
3
2,623 sqft
PITI Monthly
$1,870.38 /mo

Listing courtesy of: Andrea Warner ABR C2EX CMLXV MRP , Colorado Peak Real Estate

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,308 /mo
$2,125 /mo

What's Special

SERENE
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
FIREPLACE
FINISHED BASEMENT
PATIO
WALKING TRAILS
PLAYGROUND
COZY

Experience refined living in this exceptional two-story residence, nestled in the prestigious Forest Lakes community of Monument. Built by award-winning local builder Classic Homes, this Meadow model showcases sophisticated design and upscale finishes throughout. The main level features a warm and inviting living space centered around a sleek gas fireplace—perfect for cozy evenings and elegant entertaining. The gourmet kitchen is a showpiece, offering an expansive island, premium stainless steel appliances, and elegant cabinetry—ideal for both everyday living and special gatherings. Upstairs, the spacious primary suite provides a serene retreat, complete with a luxurious en-suite bath featuring a large walk-in shower and elegant finishes. Step outside to a beautifully designed covered patio, providing a seamless extension of the indoor space and a perfect setting for alfresco dining. The fully finished basement adds versatility with a spacious family room, private bedroom, and full bathroom—ideal for guests or multi-generational living. As part of the Forest Lakes HOA, residents enjoy exclusive access to scenic walking trails, lakefront amenities, and a community playground. With luxurious finishes, thoughtful design, and access to Colorado’s natural beauty, this home is a rare opportunity in one of Monument’s most desirable neighborhoods.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.89
Remaining Loan Term
25 years, 1 months
Monthly PITI
$1,870.38/mo
Estimated Loan Balance
$280,370
Cash to close
$439,262
Interest Paid
$42,323

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Main Level
  • Flooring: Carpet, Tile, Vinyl, Wood, Laminate

Exterior

Fencing
  • Fencing: None
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: 2017
Details
  • Builder: Classic Homes

Community & HOA

Community
  • Subdivision:
  • Features: Hiking or Biking Trails, Lake, Park, Playground
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $274.11
  • Tax Annual Amount: $4153.17
  • On Market Date: 2025-04-11T20:00:07.000Z
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 $439,262 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $439,262!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$279,738
Your Cash:$439,262
Total Purchase Price:$719,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,308/mo
Traditional @ 7.15%
$2,204/mo
You save $896/month ($10,754/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 1158760

Listing From:

Last updated: 2025-04-11T20:02:10.000Z

© , 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

2.89%
7.15%

Principal & Interest

$1,308 /mo
$2,125 /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 $439,262 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $439,262!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$279,738
Your Cash:$439,262
Total Purchase Price:$719,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,308/mo
Traditional @ 7.15%
$2,204/mo
You save $896/month ($10,754/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.

equal-housing

American Allstar Realty © is committed to and abides by the Fair Housing Act of Equal Opportunity.