Cheryl Riley

Cheryl Riley

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Under Contract

$345,000

($115,327 down)
FHA

6977 Gayle Lyn Lane, Colorado Springs, CO 80919

3
3
1,892 sqft
PITI Monthly
$1,467.04 /mo

Listing courtesy of: Brett Weldon CMLXV MRP , The Springs Team Real Estate Company

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,051 /mo
$1,663 /mo

What's Special

LOCATION
LARGE CENTER ISLAND
AWARD WINNING
SHOPPING
DINING
HIGH-END FINISHES
STAINLESS STEEL APPLIANCES
DECK

Welcome to this beautifully updated 3-bedroom, 3-bath condo nestled in the desirable Rockrimmon neighborhood in the NW Springs. Situated in a peaceful, tree-filled setting, this home has easy access to I-25, is just minutes from USAFA and all the areas best shopping and dining and Award Winning District 20 Schools. It offers all the conveniences of living in the city while still feeling like you live in the mountains. With updates throughout, including a gourmet kitchen and two private bedroom decks, this condo is an absolute gem * Gourmet Kitchen with a Chef's dream with high-end finishes, custom cabinetry and counters, stainless steel appliances, and a large center island perfect for cooking or entertaining * Two of the bedrooms offer access to their own private outdoor decks – enjoy your morning coffee or evening sunset with a view of the surrounding trees and nature * Two Separate Attached 1-Car Garages providing ample space for your vehicles and extra storage – a rare feature in condos! * BRAND NEW ROOF * Full Size Washer and Dryer * This condo offers the perfect combination of updated features, fantastic outdoor spaces, and a location that's second to none. Don’t miss your chance to make this exceptional home yours. Contact us today to schedule a private showing!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 10 months
Monthly PITI
$1,467.04/mo
Estimated Loan Balance
$230,130
Cash to close
$115,327
Interest Paid
$23,394

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Main Level
  • Flooring:

Exterior

Fencing
  • Fencing:
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: Condominium
  • 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: $182.35
  • Tax Annual Amount: $1094.58
  • 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 $115,327 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $115,327!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$229,673
Your Cash$115,327
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,051/mo
Traditional @ 7.15%
$1,725/mo
You save $674/month ($8,083/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 9491389

Listing From:

Last updated: 2025-04-15T22:22:53.000Z

© , 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

3.1%
7.15%

Principal & Interest

$1,051 /mo
$1,663 /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 $115,327 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $115,327!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$229,673
Your Cash$115,327
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,051/mo
Traditional @ 7.15%
$1,725/mo
You save $674/month ($8,083/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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