5255 Memphis
VA Assumable
3.16% Rate
50 photos
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5255 Memphis

Denver, CO 80239

2
Bedrooms
2
Bathrooms
925
Sq Ft

Payment Calculator

$1,242per 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?$12,875
$12,875$65,287
Secondary Financing8.5% Rate
$52,412
Blended rate4.29% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,546/mo
Assumable @ 3.16% + gap
$1,242/mo
$304less per month
$304
per month
$3,647
per year
$109,423
over 30 years

🏦 Loan Details

List Price
$257,500
Assumable Rate
3.16%
Remaining Balance
$195,044
Loan Type
VA
Est. Equity Gap
$65,287
Annual Taxes
$1,242
HOA/mo
$364

About This Home

Welcome to 5255 Memphis Street, Unit 702 — a ground-floor 2-bedroom, 1.5-bath condo in northeast Denver's Trails at Parkfield Lake community. At 925 square feet, this home offers a comfortable, practical layout that lives larger than the square footage suggests. The primary bedroom is generously sized for a king bed, giving you a real retreat at the end of the day. The second bedroom is non-conforming, making it equally useful as a home office, guest room, or creative space. Versatile by design.\r \r The location is what sets this one apart. The A Line is five minutes away, putting Union Station and downtown Denver within easy reach without ever getting on the highway. Denver International Airport is a 10-minute drive — a genuine advantage if you travel frequently for work or play. For healthcare professionals and students, the Anschutz Medical Campus, including Children's Hospital, UCHealth University of Colorado Hospital, and the Rocky Mountain Regional VA Medical Center are all an easy commute from here.\r \r Step outside and Parkfield Lake Park is right there — walking paths, open space, and a natural buffer that keeps the neighborhood feeling quiet despite how connected it is. The community pool is a bonus when summer hits. Day-to-day errands are covered with dining and shopping options nearby along the Peña and Tower Road corridors.\r \r Whether you're a first-time buyer looking for a smart entry into the Denver market, a frequent traveler who wants effortless airport access, or an investor looking for a property with broad renter appeal, this one checks the boxes. Convenient, comfortable, and priced to move.

Data Source: REcolorado MLS

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
$257,500
3.16% rateVASave $604/mo

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