Cheryl Riley

Cheryl Riley

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$475,000

($68,264 down)
FHA

7087 Mcewan Street, Colorado Springs, CO 80922

4
3
1,870 sqft
PITI Monthly
$3,346.94 /mo

Listing courtesy of: Edward Behr CRS GRI , The Platinum Group

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,748 /mo
$2,818 /mo

What's Special

LOCATION
GREAT CURB APPEAL
SHOPPING
DINING
SPACIOUS
MODERN
LUXURY
FIREPLACE
VAULTED CEILINGS
WALK-IN CLOSET
DOUBLE VANITY
SOAKING TUB
PATIO
EFFICIENT

Located on a level corner lot in The Range at Springs Ranch, this well-cared-for 4-bed, 3-bath home offers a bright, open layout, fresh updates throughout, & a location that’s walkable to parks, schools, & everyday shopping. The main level flows easily from the entry into a spacious great room w/ wood floors, vaulted ceilings, & a dual sided gas fireplace that brings warmth to the heart of the home. The adjoining kitchen features plenty of prep space, a pantry, included appliances, & newer modern lighting—creating a layout that functions well for both daily life & casual entertaining. The combined kitchen/dining space walks out to the backyard, making outdoor meals or gatherings effortless. Upstairs, you’ll find all four bedrooms w/luxury vinyl plank floors. Primary suite w/ a view of the mountains, walk-in closet, double vanity, & a soaking tub/shower combo. The primary bath features brand-new flooring, tying into a series of fresh updates that continue throughout the home. The main-level half bath & upper hallway bath also feature new flooring, giving the home a cohesive, design-forward flow that feels current & well-maintained. Additional features include energy efficient vinyl windows, ceiling fans, newer interior paint, & a fully fenced backyard w/ concrete patio ready for outdoor use. The attached 2-car garage offers direct access to the main level, & the lot location provides great curb appeal & extra breathing room. Located in D49 w/ low HOA dues & easy access to Powers, Peterson SFB, shopping centers, & restaurants—this move-in-ready home offers comfort, functionality, & convenience in one of the area’s most established neighborhoods.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 8 months
Monthly PITI
$3,346.94/mo
Estimated Loan Balance
$423,430
Cash to close
$68,264
Interest Paid
$66,388

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Main Level, Two
  • Flooring: Carpet, Wood, Luxury Vinyl

Exterior

Fencing
  • Fencing: Rear
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Shingle
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: The Range At Springs Ranch
  • Features: Park
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $254.01
  • Tax Annual Amount: $1636.16
  • On Market Date: 2025-04-11T19:20:05.000Z
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 $68,264 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $68,264!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$406,736
Your Cash$68,264
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,748/mo
Traditional @ 7.15%
$2,924/mo
You save $175/month ($2,102/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 5399072

Listing From:

Last updated: 2025-04-11T19:18:44.000Z

© , 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

6.9%
7.15%

Principal & Interest

$2,748 /mo
$2,818 /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 $68,264 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $68,264!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$406,736
Your Cash$68,264
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,748/mo
Traditional @ 7.15%
$2,924/mo
You save $175/month ($2,102/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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