1611 Wood
VA Assumable
2.77% Rate
50 photos
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1611 Wood

Colorado Springs, CO 80907

6
Bedrooms
4
Bathrooms
5,688
Sq Ft

Payment Calculator

$8,603per 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?$82,000
$82,000$698,527
Secondary Financing8.5% Rate
$616,527
Blended rate5.03% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$9,848/mo
Assumable @ 2.77% + gap
$8,603/mo
$1,245less per month
$1,245
per month
$14,941
per year
$448,221
over 30 years

🏦 Loan Details

List Price
$1,640,000
Assumable Rate
2.77%
Remaining Balance
$943,560
Loan Type
VA
Est. Equity Gap
$698,527
Annual Taxes
$3,565

About This Home

Here is the opportunity to live on beautiful Wood Avenue in the heart of Colorado Springs’ coveted Old North End Neighborhood. This stunning Victorian blends timeless architectural elegance with exceptional modern updates across three grand levels of living space. Rich original woodwork, intricate trim, soaring ceilings, spacious rooms, and a welcoming front porch create the warmth and character only a historic home of this caliber can offer. The front porch brings you into the spacious front parlor with large west facing windows and gleaming new hardwood floors (2024). There is a formal dining room as well as a family style eat-in kitchen. Ample kitchen cabinets and counter space make this a chef's delight. The updated kitchen pairs classic style with modern convenience, featuring new appliances, and timeless design. The main house has 6 bedrooms and 4 bathrooms, providing flexibility for spacious everyday living, entertaining, work-from-home options, or multigenerational needs. 4 bedrooms/2 bath on 2nd floor and 2 bedrooms/1 bath on 3rd floor. Primary suite has walk in closet and new 5 piece bathroom. Laundry is conveniently located on 2nd floor as well.\r \r Adding value and options is the exceptional ADU completed in 2024. It offers a 726 sq ft space above a 3-car garage with private access. Perfect for guests, office, or creative studio space, this addition enhances both lifestyle and long-term investment appeal. Designed for outdoor enjoyment, the backyard retreat features a new poured concrete patio, hot tub, chicken coop, and climbing wall - offering an ideal setting for entertaining and the outdoor Colorado lifestyle. Solar Panels (2024) provide clean energy and keep utilities low. \r \r Ideally located next to Monument Valley Park, Colorado College, premier schools, hospitals, downtown Colorado Springs, scenic biking & walking trails, this extraordinary property offers the perfect balance of historic prestige, modern comfort, and unbeatable location.

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
$1,640,000
2.77% rateVASave $5,583/mo

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