Cheryl Riley

Cheryl Riley

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$469,500

($153,867 down)
FHA

2706 Penacho Circle, Colorado Springs, CO 80917

3
3
2,499 sqft
PITI Monthly
$2,032.67 /mo

Listing courtesy of: Elizabeth Ranals, Keller Williams Partners

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,510 /mo
$2,370 /mo

What's Special

LOCATION
DINING
SPACIOUS
BREAKFAST NOOK
FIREPLACE
VAULTED CEILINGS
MASTER SUITE
FINISHED BASEMENT
GAME ROOM
DECK
PATIO
MATURE TREES
CHARMING
COZY

Welcome home! This beautifully maintained home offers the peaceful ambiance of a mountain retreat while being conveniently located in town. Backing directly to Villa Loma Park and the Homestead Trail, the secluded backyard offers unmatched privacy and natural surroundings.Inside, the main level features a spacious and open floor plan with vaulted ceilings and exposed beams. You'll find a large office or formal living room, a cozy family room with a fireplace, a bright breakfast nook, and a spacious kitchen with custom cabinetry and pullout drawers. The formal dining area adds character with its vaulted ceiling, and the main level also includes a convenient half bath and laundry area. Upstairs offers two generously sized bedrooms, a full guest bath with a laundry chute, and a large master suite with an attached private bathroom. The finished basement provides endless possibilities—perfect for a home gym, theater, game room, or additional living space. Outdoor features include a charming covered front porch, dual side gate access. In the back, enjoy a large deck, a covered patio with electricity, and a relaxing water feature—all surrounded by mature trees and wildlife, creating a true sense of seclusion without sacrificing location. This unique property combines comfort, space, and privacy—perfect for those seeking a peaceful lifestyle in a convenient setting. Do schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 4 months
Monthly PITI
$2,032.67/mo
Estimated Loan Balance
$328,962
Cash to close
$153,867
Interest Paid
$49,259

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: One, Wood Burning
  • Flooring:

Exterior

Fencing
  • Fencing: Rear
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: 1971
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $187.88
  • Tax Annual Amount: $1289.34
  • On Market Date: 2025-04-11T13:10:03.000Z
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 $153,867 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $153,867!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$315,633
Your Cash$153,867
Total Purchase Price:$469,500

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,510/mo
Traditional @ 7.15%
$2,459/mo
You save $949/month ($11,383/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 7538804

Listing From:

Last updated: 2025-04-13T07:30:00.000Z

© , 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

3.16%
7.15%

Principal & Interest

$1,510 /mo
$2,370 /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 $153,867 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $153,867!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$315,633
Your Cash$153,867
Total Purchase Price:$469,500

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,510/mo
Traditional @ 7.15%
$2,459/mo
You save $949/month ($11,383/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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