1220 Platte
FHA Assumable
2.84% Rate
50 photos
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1220 Platte

Colorado Springs, CO 80909

2
Bedrooms
1
Bathrooms
901
Sq Ft

Payment Calculator

$1,787per month

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?$18,250
$18,250$121,644
Secondary Financing8.5% Rate
$103,394
Blended rate4.54% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,192/mo
Assumable @ 2.84% + gap
$1,787/mo
$405less per month
$405
per month
$4,855
per year
$145,640
over 30 years

🏦 Loan Details

List Price
$365,000
Assumable Rate
2.84%
Remaining Balance
$240,211
Loan Type
FHA
Est. Equity Gap
$121,644
Annual Taxes
$1,216

About This Home

BRAND NEW ROOF ON HOUSE AND GARAGE!! AND NEW BACK DECK! Updated electrical, plumbing and boiler replaced with forced air furnace! If you are looking for modern conveniences and 1920's charm, you have found it! Welcome to this delightful 2-bedroom, 1-bath residence nestled on a generous lot with a fully fenced backyard—ideal for pets, play, or gardening. New windows and original hardwood flooring create a quiet, warm and welcoming atmosphere throughout. Enjoy relaxing mornings on the covered front porch or entertain in the spacious living room and formal dining area, complete with a built-in sideboard buffet. The kitchen features included appliances, a newer single-basin sink, ample cabinetry, wainscoting, and a built-in cabinet for extra storage and character. Both main-level bedrooms are connected by an updated and charming Jack and Jill full bath, featuring wainscoting, newer shower tile with new backer board and a classic medicine cabinet. A rear entry leads to a convenient mudroom/laundry room, perfect for keeping things tidy. The oversized 1-car detached garage includes an overhead opener and offers plenty of space for a workshop or additional storage. Located within walking distance of Memorial Hospital and the Olympic Training center and just minutes from Downtown Colorado Springs, Colorado College, schools, parks and trails—this property offers both comfort and convenience. Don't miss your chance to see this property with some newer Andersen windows, and newer water main.

Data Source: Pikes Peak MLS (PPMLS)

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
$365,000
2.84% rateFHASave $1,095/mo

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