2804 Straus
FHA Assumable
3.07% Rate
50 photos
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2804 Straus

Colorado Springs, CO 80907

4
Bedrooms
3
Bathrooms
2,148
Sq Ft

Payment Calculator

$2,840per 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?$27,000
$27,000$218,390
Secondary Financing8.5% Rate
$191,390
Blended rate5.10% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,243/mo
Assumable @ 3.07% + gap
$2,840/mo
$403less per month
$403
per month
$4,834
per year
$145,005
over 30 years

🏦 Loan Details

List Price
$540,000
Assumable Rate
3.07%
Remaining Balance
$321,610
Loan Type
FHA
Est. Equity Gap
$218,390
Annual Taxes
$1,681

About This Home

Exceptional west-side living with a dream shop! Discover this one-of-a-kind beautifully updated raised ranch home located in a sought-after west-side neighborhood offering convenient access to I-25, local restaurants, retail shops and amenities. Located in a community without an HOA, this property is a rare find, perfectly blending interior updates with outstanding utility and vehicle storage options for the enthusiast or entrepreneur. The open concept main floor with easy access to the back yard is an entertainers dream! The residence is a spacious 4-bedroom home, with 3 baths, one on the main floor and one on the lower level, plus an updated attached primary suite bath with a walk-in shower. This raised ranch has been thoughtfully updated and located in the heart of the home, is the gorgeous fully remodeled kitchen with sleek granite countertops, new cabinetry and modern appliances. The entire main floor boosts elegant and durable engineered bamboo hardwood floating floors, creating a seamless contemporary feel throughout the main level. In addition to the extensive, heated, 672 sq ft detached shop, the home includes a convenient heated 2-car-attached garage for everyday use and an additional carport on the side for extra covered parking. The very private backyard also has a 312 sq ft steel shed large enough to house a car or any other toys you may have. The shop includes its own power source, plumbed for a compressor, making it ideal for operating machinery, running a workshop or any specialized use without impacting the main house's electrical system. The solar panels add to savings on your electric bill! The attic in the detached shop offers plenty of space that can serve as a significant storage area. The attached, heated 2-car garage and side carport and large driveway ensure there is abundant parking for multiple vehicles, toys, or work vehicles. This west-side property is a must see! Seller Incentives Possible!

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
$540,000
3.07% rateFHASave $1,745/mo

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