1498 Spotted Owl
FHA Assumable
3.45% Rate
50 photos
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1498 Spotted Owl

Calhan, CO 80808

3
Bedrooms
2
Bathrooms
1,944
Sq Ft

Payment Calculator

$2,128per 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?$22,500
$22,500$62,236
Secondary Financing8.5% Rate
$39,736
Blended rate3.90% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,702/mo
Assumable @ 3.45% + gap
$2,128/mo
$574less per month
$574
per month
$6,893
per year
$206,788
over 30 years

🏦 Loan Details

List Price
$450,000
Assumable Rate
3.45%
Remaining Balance
$408,316
Loan Type
FHA
Est. Equity Gap
$62,236
Annual Taxes
$1,347

About This Home

Looking for space, freedom, and the perfect setup to start your hobby farm? This 3 bed, 2 bath home in Ellicott sits on a spacious 2.5-acre corner lot and offers the ideal blend of rural living with convenient access to town.\r \r Inside, you’ll love the open-concept kitchen, featuring an upgraded propane stove, perfect for cooking and gathering. Stay comfortable year-round with central A/C, a cozy wood-burning fireplace, and peace of mind knowing major updates have already been taken care of—including a newer roof, stucco siding, furnace, and hot water heater.\r \r Outside is where this property really shines \r With plenty of room for animals, a loafing shed already in place, and space that can easily be converted for horses, this property is ready for your vision. Bring your goats, chickens, horses—or build out the hobby farm you’ve been dreaming of.\r \r Enjoy quiet country living while still being just a short drive to Schriever Space Force Base, Colorado Springs, and Falcon—giving you the best of both worlds.\r \r If you’ve been searching for acreage with updates already done and room to grow… this is it

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
$450,000
3.45% rateFHASave $818/mo

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