2038 Pepperwood
FHA Assumable
2.83% Rate
50 photos
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2038 Pepperwood

Colorado Springs, CO 80910

5
Bedrooms
2
Bathrooms
1,276
Sq Ft

Payment Calculator

$1,793per 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?$17,500
$17,500$103,125
Secondary Financing8.5% Rate
$85,625
Blended rate4.18% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,102/mo
Assumable @ 2.83% + gap
$1,793/mo
$309less per month
$309
per month
$3,706
per year
$111,173
over 30 years

🏦 Loan Details

List Price
$350,000
Assumable Rate
2.83%
Remaining Balance
$275,019
Loan Type
FHA
Est. Equity Gap
$103,125
Annual Taxes
$1,210

About This Home

This Pikes Peak Park home stands out with 5 bedrooms, 2 bathrooms, 6 parking spaces, and NO HOA. The 1.5-story layout offers a functional, flexible setup for everyday living, including two bedrooms on the main level. Just inside, a charming espresso bar nook adds the perfect touch for your daily coffee ritual. White cabinetry, stainless steel appliances, and plenty of storage make the kitchen both functional and clean, with a bay window that’s perfect for plants. The dining area sits just off the kitchen, making it easy for everyday meals. Each bedroom offers comfortable space and versatility, whether you need additional sleeping areas, an office, or gym. What truly makes this property stand out is what lies beyond the main home. Tucked away out back is the attached mother-in-law suite. Previously used as a successful Airbnb, this space offers an incredible opportunity for additional income, private guest accommodations, or multi-generational living. Whether you’re looking to offset your mortgage or step into investing, this is a rare setup that adds real value. The exterior continues to impress with a newer roof, updated fencing, a private yard, storage shed, and mountain views. With plenty of parking, including space for RV parking, you have the freedom to use the property how you want. Perfectly located just minutes from dining, schools, parks, and shopping, with quick access to Academy Blvd and I-25 for an easy commute, this home offers comfort and convenience in one complete package. Whether you’re looking for a primary residence with income potential, multi-generational living, or a smart investment, this home checks boxes that are hard to find at this price point!

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
$350,000
2.83% rateFHASave $948/mo

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