Cheryl Riley

Cheryl Riley

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$390,000

($323,921 down)
FHA

5445 Alteza Drive, Colorado Springs, CO 80917

3
2
1,367 sqft
PITI Monthly
$1,095.07 /mo

Listing courtesy of: Rebekah Gunderson, West and Main Homes

Assumed Rate

4.75%
7.15%

Principal & Interest

$742 /mo
$961 /mo

What's Special

LOCATION
MINUTES AWAY
FIREPLACE
VAULTED CEILINGS
WALKING TRAILS
CITY VIEWS
CUL-DE-SAC
CHARMING
COZY

Welcome to this charming 3-bedroom, 2-bath tri-level nestled in a quiet, established neighborhood of Colorado Springs. With 1,367 square feet of well-laid-out living space, this home offers a warm and inviting atmosphere, perfect for anyone looking for comfort, convenience, and a touch of Colorado charm. Step inside to vaulted ceilings and natural light that fills the home, including a skylight in the upstairs bathroom. The kitchen features oak cabinets and an updated sink—functional and ready for your favorite meals and memories. While the home has been lovingly cared for by the same owner for 20 years, it offers just the right amount of opportunity to add your personal touch. Downstairs, cozy up around the gas fireplace in the lower-level living space—perfect for chilly Colorado evenings or creating a second family room, office, or hobby area. Enjoy peaceful city views from the backyard, ideal for morning coffee or evening unwinding. A large mature tree in the front yard sets the perfect scene for a swing or shaded afternoons. Located across from a cul-de-sac, this home offers extra privacy and minimal traffic—great for relaxing or playing outside. Outdoor enthusiasts will love the proximity to Palmer Park’s hiking and mountain biking trails—just minutes away—and you're only 25 minutes from Garden of the Gods! Plus, walking trails, schools, and everyday conveniences are close by, with quick access to Powers Blvd and Academy Blvd for easy commuting. Additional highlights include a 2-car garage, rv parking in front yard and side of home, established front yard landscaping, and a great neighborhood feel. This is a solid home with great bones, loads of potential, and an unbeatable location. Whether you're a first-time buyer, a downsizer, or just looking for something special to make your own, this home is ready to welcome you. Don’t miss your chance to own a home in one of Colorado Springs’ most convenient and scenic areas!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.75
Remaining Loan Term
9 years, 2 months
Monthly PITI
$1,095.07/mo
Estimated Loan Balance
$71,095
Cash to close
$323,921
Interest Paid
$109,346

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Lower Level
  • Flooring: Carpet, Ceramic Tile, Laminate

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: 1982
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $285.3
  • Tax Annual Amount: $1226.35
  • On Market Date: 2025-04-08T21:00:07.000Z
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 $323,921 (83%)
You can enter any amount below - secondary financing will cover the difference if needed.
83%
$

You cover the entire equity of $323,921!

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

Loan Breakdown

Assumed Mortgage4.75% Sellers Rate
$66,079
Your Cash:$323,921
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 4.75%
$742/mo
Traditional @ 7.15%
$997/mo
You save $255/month ($3,055/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 5352005

Listing From:

Last updated: 2025-04-15T16:48:13.000Z

© , 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

4.75%
7.15%

Principal & Interest

$742 /mo
$961 /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 $323,921 (83%)
You can enter any amount below - secondary financing will cover the difference if needed.
83%
$

You cover the entire equity of $323,921!

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

Loan Breakdown

Assumed Mortgage4.75% Sellers Rate
$66,079
Your Cash:$323,921
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 4.75%
$742/mo
Traditional @ 7.15%
$997/mo
You save $255/month ($3,055/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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