229 Washington Street
VA Assumable
2.79% Rate
44 photos
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229 Washington Street

Colorado Springs, CO 80907

5
Bedrooms
4
Bathrooms
3,763
Sq Ft

Payment Calculator

$2,556
per month, total
$24,495
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?$24,495
$24,495$248,303
Second loan$223,808
%
Blended rate5.05% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,942/mo
Assumable @ 2.79% + gap
$2,556/mo
$385
per month
$4,624
per year
$138,727
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
$489,900
Assumable Rate
2.79%
Remaining Balance
$241,597
Loan Type
VA
Est. Equity Gap
$248,303
Annual Taxes
$1,116

About This Home

Discover the charm and elegance of this beautiful home, perfectly situated on a desirable corner lot in the highly sought-after Old North End—one of Colorado Springs’ most historic and picturesque neighborhoods. Built in 1926, this timeless residence seamlessly blends classic character with modern comforts. Step inside to find stunning hardwood floors, granite countertops, and a spacious open-concept living and dining area anchored by a cozy fireplace—ideal for both relaxing evenings and entertaining guests. The updated kitchen features stainless steel appliances, a gas stove, and all the conveniences you’d expect in a modern home. Enjoy your morning coffee on the private back deck, accessible directly from the primary suite, offering a peaceful retreat to start your day. Additional highlights include central A/C, an oversized two-car garage (enough space to add a workshop), and an extended covered driveway—providing plenty of room for vehicles, storage, or guests. This is a rare opportunity to own a piece of history with all the benefits of today’s upgrades—right in the heart of the coveted Old North End.

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
$489,900
2.79% rateVASave $385/mo

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