Cheryl Riley

Cheryl Riley

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$515,000

($163,211 down)
VA

6031 Meadowbank Lane, Colorado Springs, CO 80925

5
4
2,612 sqft
PITI Monthly
$2,360.45 /mo

Listing courtesy of: Frank Griffin ABR AHWD CRETS EPRO GRI MRP PSA RENE RSPS SFR SRES SRS , Flat Rate Realty Group LLC

Assumed Rate

3.62%
7.15%

Principal & Interest

$1,788 /mo
$2,649 /mo

What's Special

SERENE
ENTERTAINMENT
DINING
SPACIOUS
MODERN
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
FINISHED BASEMENT
HOME OFFICE
COZY

Nestled in the desirable Lorson Ranch community, this spacious 5-bedroom, 4-bathroom home offers modern comfort with a two-car garage, central air, and prime proximity to the Powers Corridor and Fort Carson for effortless commuting. Step inside to discover a thoughtfully designed main level featuring a serene primary suite, complete with an ensuite bathroom boasting a luxurious soaking tub, a freestanding shower, and a generous walk-in closet. Convenience continues with a half bathroom adjacent to the laundry room, which connects seamlessly to the garage. The heart of the home unfolds in the open-concept kitchen and dining area, flowing into a welcoming living room highlighted by a cozy gas fireplace and direct access to the backyard—perfect for indoor-outdoor living. Ascend to the upper level to find a versatile loft space, ideal for a home office or entertainment hub, accompanied by two spacious bedrooms connected by a Jack-and-Jill bathroom. The finished basement expands your options with two additional bedrooms, a sprawling family room, and a full bathroom, ensuring ample space for guests or hobbies. Don’t miss the chance to explore this meticulously crafted home—schedule your visit today and envision the possibilities!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.62
Remaining Loan Term
24 years, 11 months
Monthly PITI
$2,360.45/mo
Estimated Loan Balance
$352,514
Cash to close
$163,211
Interest Paid
$68,628

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Main Level
  • Flooring: Carpet, Wood

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: 2019
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $197.17
  • Tax Annual Amount: $4875.25
  • On Market Date: 2025-04-10T21:20:03.000Z
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 $163,211 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $163,211!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$351,789
Your Cash$163,211
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$1,788/mo
Traditional @ 7.15%
$2,748/mo
You save $960/month ($11,522/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 8042181

Listing From:

Last updated: 2025-04-11T06:15:04.000Z

© , 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

3.62%
7.15%

Principal & Interest

$1,788 /mo
$2,649 /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 $163,211 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $163,211!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$351,789
Your Cash$163,211
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$1,788/mo
Traditional @ 7.15%
$2,748/mo
You save $960/month ($11,522/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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