12285 Old Barn
VA Assumable
3.45% Rate
50 photos
Click to enlarge

12285 Old Barn

Elbert, CO 80106

3
Bedrooms
3
Bathrooms
2,194
Sq Ft

Payment Calculator

$3,437per 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?$34,950
$34,950$180,423
Secondary Financing8.5% Rate
$145,473
Blended rate4.55% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,197/mo
Assumable @ 3.45% + gap
$3,437/mo
$760less per month
$760
per month
$9,119
per year
$273,577
over 30 years

🏦 Loan Details

List Price
$699,000
Assumable Rate
3.45%
Remaining Balance
$519,598
Loan Type
VA
Est. Equity Gap
$180,423
Annual Taxes
$2,858

About This Home

Welcome to this beautifully updated modern country home on 5 usable acres with sweeping views of Pikes Peak and the Front Range. Nestled in a quiet cul-de-sac with no HOA, this property offers privacy, flexibility, and true Colorado living—perfect for horse property, building projects, or simply enjoying open space. Inside, an open layout features floor-to-ceiling windows in the dining area, flooding the space with natural light and framing the stunning landscape. The adjoining composite deck is ideal for entertaining or relaxing while taking in mountain views. The updated kitchen offers granite countertops, knotty alder cabinetry, stainless steel appliances, tile flooring, and a spacious walk-in pantry with built-in shelving. The main level includes a primary suite with barn doors, a large walk-in closet, and an en-suite bath with granite counters and a tiled tub/shower surround. Upstairs, two additional bedrooms feature built-in niches for home offices, study areas, or reading nooks, plus a full bath with modern finishes. The walkout basement adds a spacious family room with a wood-burning stove, direct backyard access, a fully finished half bath/mud room/laundry combo, and potential for a fourth bedroom, guest suite, office, or income-producing space. Outdoors, enjoy a 30’ x 24’ barn currently used as a detached garage, a storage shed, RV parking, and ample space for animals or future outbuildings. The land is scenic, usable, and ready for your ideal rural lifestyle. Located near Black Forest, Meridian Ranch, Winsome Ranch, Peyton Pines, and Latigo Ranch—and just minutes from shopping, parks, trails, the Air Force Academy, and Hwy 83—this home offers the perfect balance of tranquility and convenience. Move-in ready, private, and peaceful—this is Colorado acreage living at its finest. Roof has been evaluated. Schedule your showing today!

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
$699,000
3.45% rateVASave $1,682/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

📞 (719) 624-3472