Cheryl Riley

Cheryl Riley

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$692,500

($359,262 down)
VA

806 E Platte Avenue, Colorado Springs, CO 80903

3
3
1,593 sqft
PITI Monthly
$1,987.54 /mo

Listing courtesy of: Chris Clonts, Keller Williams Premier Realty

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,656 /mo
$2,506 /mo

What's Special

FRESH PAINT
ENTERTAINMENT
DINING
LUXURY
FINISHED BASEMENT
HISTORIC

Beautifully maintained turn of the century home with a one of a kind garage conversion cottage. Nestled in an historic downtown neighborhood, in walking distance to multiple parks, coffee shops, restaurants, and entertainment. Main house features a wonderful layout, with kitchen, dining, living and powder bath on main level. 3 bedrooms and 2 bathrooms on upper level. Large unfinished basement (with laundry) is prefect for extra storage. Many updates throughout, including custom window treatments, updated bathrooms, fresh paint inside and out. The 2022 garage conversion created one of downtown's most unique and inviting guest cottages. Though only 525 square feet, the 1 bed, 1 bath cottage features high-end luxury finishes, and an extremely well designed use of space. Such easy access to I25, downtown, Union corridor, etc. While the street is an access road to downtown, this section of Platte is extra wide and allows for plentiful on street parking for guests, as well as a deep driveway for off-street parking.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.45
Remaining Loan Term
25 years, 1 months
Monthly PITI
$1,987.54/mo
Estimated Loan Balance
$333,933
Cash to close
$359,262
Interest Paid
$59,878

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), See Remarks, Wall Unit(s)
  • Heating: Baseboard, Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Ceramic Tile, Wood, Luxury Vinyl

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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1893
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $434.71
  • Tax Annual Amount: $1980.78
  • On Market Date: 2025-04-07T22:00:12.000Z
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 $359,262 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $359,262!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$333,238
Your Cash:$359,262
Total Purchase Price:$692,500

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,656/mo
Traditional @ 7.15%
$2,600/mo
You save $944/month ($11,324/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 5639762

Listing From:

Last updated: 2025-04-07T21:58:36.000Z

© , 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

3.45%
7.15%

Principal & Interest

$1,656 /mo
$2,506 /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 $359,262 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $359,262!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$333,238
Your Cash:$359,262
Total Purchase Price:$692,500

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,656/mo
Traditional @ 7.15%
$2,600/mo
You save $944/month ($11,324/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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