5316 Balsam
VA Assumable
2.77% Rate
50 photos
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5316 Balsam

Colorado Springs, CO 80923

4
Bedrooms
4
Bathrooms
2,933
Sq Ft

Payment Calculator

$2,939per 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?$28,750
$28,750$224,422
Secondary Financing8.5% Rate
$195,672
Blended rate4.82% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,453/mo
Assumable @ 2.77% + gap
$2,939/mo
$513less per month
$513
per month
$6,158
per year
$184,753
over 30 years

🏦 Loan Details

List Price
$575,000
Assumable Rate
2.77%
Remaining Balance
$350,578
Loan Type
VA
Est. Equity Gap
$224,422
Annual Taxes
$1,920

About This Home

A rare opportunity to own a home with designer finishes typically reserved for luxury builds. Professionally designed and extensively updated in 2025, this home delivers high-end upgrades rarely found at this price point. Wide-plank Mohawk RevWood flooring in a rich redwood-inspired finish runs throughout the main level—durable, water-resistant, and absolutely stunning—paired with fresh paint, updated base and casing, solid-core 6-panel doors, and a custom powder-coated metal railing for a modern, cohesive feel.\r \r The kitchen is a true showpiece, featuring matte black GE Café appliances, a five-function Advantium oven, commercial-style gas range, vented hood, and full-overlay soft-close cabinetry to the ceiling. Leathered quartz countertops continue seamlessly up the backsplash, accented by under-cabinet lighting and hidden outlets for a clean, uninterrupted look. No carpet here—solid stair treads and risers throughout.\r \r Vaulted ceilings and abundant natural light elevate the living area, anchored by a modern fireplace with a striking black tile surround. A dedicated main-level office adds everyday functionality. A mechanical blind on the south-facing stair window allows effortless light and privacy control.\r \r Upstairs offers a fully remodeled primary suite with walk-in closet and spa-like bath finishes reminiscent of a boutique hotel, along with two additional bedrooms—each with walk-in closets—and a versatile loft. The basement features 9’ ceilings, a remodeled bedroom and bathroom, and a flexible space ideal for a gym, media room, or hobby area.\r \r Additional upgrades include an updated laundry room with cabinetry and sink, new furnace and A/C, a charming front porch, large backyard with mountain views, proximity to walking trails, a 2-car attached garage with EV charger, and a 4-car driveway. No HOA. Located in the desirable 80923 area.\r \r Thoughtfully upgraded, impeccably finished, and truly move-in ready

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
$575,000
2.77% rateVASave $1,828/mo

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