861 Circle
VA Assumable
4.07% Rate
50 photos
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861 Circle

Palmer Lake, CO 80133

4
Bedrooms
4
Bathrooms
2,666
Sq Ft

Payment Calculator

$3,526per 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?$29,950
$29,950$303,566
Secondary Financing8.5% Rate
$273,616
Blended rate6.20% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,597/mo
Assumable @ 4.07% + gap
$3,526/mo
$71less per month
$71
per month
$846
per year
$25,386
over 30 years

🏦 Loan Details

List Price
$599,000
Assumable Rate
4.07%
Remaining Balance
$295,434
Loan Type
VA
Est. Equity Gap
$303,566
Annual Taxes
$2,198

About This Home

Beautiful home in picturesque Palmer Lake! Main-level great room w/tall ceilings is swimming in natural light & is an inviting place to entertain! The gourmet kitchen is the center of the home with granite counters, a pantry & island seating! The dining space walks out to the composite south-facing deck where you will love to drink coffee & meet the morning sun! Expansive living room for gathering! Cozy gas fireplace, recessed lighting & a wall of windows showcases the views of the Front Range! The adorable powder room is uniquely placed off the stairway to the upper level! Upper level includes the primary bedroom with a walk-in closet and an en suite spa-like bath with a soaking tub, water closet, custom tile shower and a double vanity! There are two other bedrooms and another full bath on the upper level plus the sunny laundry room includes the washer & dryer! Brand NEW QUALITY FLOORING and NEW INTERIOR PAINT thru-out! New furnace in 2022! Central air! The lower level was utilized as office space for a family tech business…it includes one bedroom, a full bath, plus TWO offices or craft rooms, plus a game/flex room that walks out to the flagstone patio! Well water! Private, fenced back yard for pets & play! Attached 2-car garage! Extra wide concrete driveway provides ample parking with a spot for your RV (reinforced for a heavier rig), plus a 50-amp power supply! Well-built storage shed! Enjoy views that will replenish your peace! NO COVENANTS or HOA! Close to shopping & easy access to I-25! Excellent Lewis-Palmer schools! Palmer Lake is a little mountain paradise with two reservoirs, the Lake, unlimited outdoor recreation & smalltown traditions that are second to none! Walk to yoga or ride your bike up the Santa Fe Trail to the Palmer Lake Rec Area where you will find fishing, kayaking, paddle boarding, ice skating, disc golf, pickle ball, volleyball, a playground, trails & more! Palmer Lake is where love lives™?…and you should live here too!

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
$599,000
4.07% rateVASave $1,971/mo

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