367 Cottonwood Lake Drive
VA Assumable
3.11% Rate
63 photos
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367 Cottonwood Lake Drive

Divide, CO 80863

5
Bedrooms
4
Bathrooms
3,759
Sq Ft

Payment Calculator

$3,216
per month, total
$36,200
cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$36,200
$36,200$137,354
Second loan$101,154
%
Blended rate3.76% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,347/mo
Assumable @ 3.11% + gap
$3,216/mo
$1,132
per month
$13,582
per year
$407,455
over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

🏦 Loan Details

List Price
$724,000
Assumable Rate
3.11%
Remaining Balance
$586,646
Loan Type
VA
Est. Equity Gap
$137,354
Annual Taxes
$2,313
HOA/mo
$120

About This Home

Mountain Living Meets Modern Comfort! Nestled on just over 2.5 wooded acres in desirable Highland Lakes, this peaceful 2021-built custom retreat offers privacy, space, and modern mountain living. The open-concept main level features a seamless living, dining, and kitchen layout, perfect for everyday comfort or entertaining. The lower level includes two bedrooms, a full bath, and a spacious family room with walk-out deck access. Expansive decks invite you to relax, enjoy Colorado sunsets, and take in the surrounding trees and abundant wildlife. Highland Lakes residents enjoy access to private fishing lakes and plentiful outdoor recreation, making it easy to embrace Colorado’s four-season lifestyle. The oversized garage features durable epoxy floors and a heater for year-round convenience. Starlink high-speed internet provides excellent connectivity for remote work or staying connected while enjoying the peace and privacy of mountain living. With newer construction, energy-efficient systems, contemporary finishes, and inviting outdoor spaces, this home offers comfort and peace of mind in a beautiful natural setting. Conveniently located approximately 45 minutes from Colorado Springs and a short drive to Woodland Park, you can enjoy the serenity of acreage living while remaining close to shopping, dining, and everyday amenities.

Data Source: elevatemls

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$724,000
3.11% rateVASave $1,132/mo

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