1516 Dorchester Drive
Colorado Springs, CO 80905
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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.
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
- $509,900
- Assumable Rate
- 2.96%
- Remaining Balance
- $205,368
- Loan Type
- VA
- Est. Equity Gap
- $304,531
- Annual Taxes
- $1,130
About This Home
Nestled atop the hill with views of the city and the mountains you’ll find charm, character, and room to make it your own in the Ivywild neighborhood! This 3-bedroom, 1.5-bath home welcomes you with a large, bright sunroom and hardwood floors throughout the main level. The upgraded kitchen features stainless steel appliances, gas stove stop and quartzite countertops while the partially finished basement offers flexible space and possibilities for the next owner. Outside, enjoy a large, fully landscaped lot and garage space that is hard to find: one attached garage space plus an oversized two-car detached garage with a separate electrical panel and 220V wiring. The neighborhood park is less than a minute walk, along with local dining, grocers, and shops with access to downtown and highway corridors within 5 minutes. The driveway has a recorded easement with the neighboring property with no restricted access. Come see the charm and potential this Ivywild home has to offer!
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.
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