Cheryl Riley

Cheryl Riley

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$440,000

($42,845 down)
FHA

6205 Mach 1 Drive, Colorado Springs, CO 80918

4
3
2,163 sqft
PITI Monthly
$2,879.39 /mo

Listing courtesy of: Sandra Lehmann, Muldoon Associates Inc

Assumed Rate

5.41%
7.15%

Principal & Interest

$2,318 /mo
$2,785 /mo

What's Special

LOCATION
SPACIOUS
MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
PRIVATE BACKYARD

Welcome to this 4-level home located in the desirable Vista Grande Terrace neighborhood. This spacious property features 4 bedrooms, 3 bathrooms, and a brand-new, generously sized kitchen with granite countertops, stainless steel appliances, and modern finishes—perfect for cooking and entertaining. The inviting main level features eye-catching vaulted, beamed ceilings that add character and charm. Relax in the Family room with a fireplace. You’ll appreciate the fresh new flooring, newer carpet throughout, and a brand-new HVAC system for year-round comfort. Step outside to a large, private backyard with a private fence—ideal for relaxing, entertaining, or letting pets and kids play. This home offers plenty of space, style, and comfort in a great location

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.41
Remaining Loan Term
27 years, 5 months
Monthly PITI
$2,879.39/mo
Estimated Loan Balance
$431,579
Cash to close
$42,845
Interest Paid
$56,630

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement
  • Flooring: Carpet

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: 1978
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $203.42
  • Tax Annual Amount: $1428.97
  • On Market Date: 2025-04-07T04:20:01.000Z
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 $42,845 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $42,845!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$397,155
Your Cash$42,845
Total Purchase Price:$440,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$2,318/mo
Traditional @ 7.15%
$2,889/mo
You save $571/month ($6,850/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 8525073

Listing From:

Last updated: 2025-04-08T14:17:34.000Z

© , 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

5.41%
7.15%

Principal & Interest

$2,318 /mo
$2,785 /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 $42,845 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $42,845!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$397,155
Your Cash$42,845
Total Purchase Price:$440,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$2,318/mo
Traditional @ 7.15%
$2,889/mo
You save $571/month ($6,850/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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