2218 Merlot Drive
VA Assumable
3.75% Rate
45 photos
Click to enlarge

2218 Merlot Drive

Colorado Springs, CO 80921

5
Bedrooms
4
Bathrooms
4,551
Sq Ft

Payment Calculator

$6,536
per month, total
$66,250
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?$66,250
$66,250$365,309
Second loan$299,059
%
Blended rate4.64% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$7,956/mo
Assumable @ 3.75% + gap
$6,536/mo
$1,421
per month
$17,047
per year
$511,423
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
$1,325,000
Assumable Rate
3.75%
Remaining Balance
$959,690
Loan Type
VA
Est. Equity Gap
$365,309
Annual Taxes
$8,136
HOA/mo
$200

About This Home

Some homes check the boxes. This one goes well beyond them. Set on an exceptional 0.427 acre corner lot at the end of a cul de sac, with community open space along one side, this one owner 2022 Classic Homes ranch pairs true main level living with a property that is anything but typical. What began as a hillside was transformed into a series of usable outdoor living spaces. Expansive grass, multiple entertaining areas and terraced levels connected by stairs make nearly every part of the property functional. A roughly 75 foot patio stretches across the back, anchored by a custom 64 inch fire pit and a multi level water feature, with an elevated sitting area overlooking it all. Permanent soffit lighting brings it to life at night. Fully fenced with gates to two separate streets. Five bedrooms and 3.25 baths include a guest bedroom with private access to an upgraded tiled shower bath. Extensive shiplap, upgraded tile and flooring, two fireplaces with custom mantels, upgraded basement carpet and pad, a wet bar with under cabinet lighting, custom mudroom, and custom cabinetry in every closet and the pantry. The oversized four car garage was built for an enthusiast. Extra high ceilings, premium SwissTrax flooring, upgraded lighting, fully finished and insulated, with its own subpanel, dedicated 220V EV wiring and a hot and cold hose bib. Whole home humidifier, water heater booster, integrated radon, added soundproofing, central vacuum, smart home wiring, solar rough in, outdoor TV power and Cat 6, power shades, shutters and window well covers. Even the hot tub is planned for, with pad, wiring, breaker and disconnect in place. Academy District 20 schools. One owner. Built in 2022 and improved every year since. The landscaping is done, the garage is done, the infrastructure is done. All that's left is to enjoy it.

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
$1,325,000
3.75% rateVASave $1,421/mo

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