1401 Bates
VA Assumable
2.87% Rate
50 photos
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1401 Bates

Colorado Springs, CO 80909

4
Bedrooms
2
Bathrooms
2,142
Sq Ft

Payment Calculator

$1,987per 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?$21,750
$21,750$83,439
Secondary Financing8.5% Rate
$61,689
Blended rate3.68% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,612/mo
Assumable @ 2.87% + gap
$1,987/mo
$625less per month
$625
per month
$7,499
per year
$224,958
over 30 years

🏦 Loan Details

List Price
$435,000
Assumable Rate
2.87%
Remaining Balance
$364,860
Loan Type
VA
Est. Equity Gap
$83,439
Annual Taxes
$1,246

About This Home

Welcome to this charming and spacious ranch-style single-family home located in an established neighborhood of Colorado Springs. With 4 bedrooms, 2 bathrooms, and over 2,000 square feet of living space, this beautifully updated home blends classic design with modern comforts.\r Main Level Highlights:\r • Bright living room featuring a cozy gas fireplace\r • Front sitting room with brand-new flooring (2025 update)\r • Two main-floor bedrooms and a full bath with walk-in shower\r • Eat-in kitchen with plenty of cabinet storage\r • Separate dining room – easily convertible into an open home office or flex space\r • Central fan system and central heating for year-round comfort\r * New bay window in front living room\r Finished Basement:\r • Two additional bedrooms, bathroom, and a spacious recreation room\r • Large utility room with washer/dryer hookups and extra space for storage or workspace\r • Additional under-stair storage for seasonal items or household goods\r Outdoor Features:\r • Roomy backyard with mature landscaping and a storage shed\r • Single-car garage and a wide driveway\r • Located on a large 8,015 sq ft lot with potential for gardening, entertaining, or play\r This home has been thoughtfully remodeled over the years, with the most recent upgrades including new flooring in the front sitting area and hallway. With no HOA fees, this property offers flexibility and freedom rarely found in today’s market.\r Located near schools, parks, shopping, and commuter routes – enjoy the best of Colorado Springs living!

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
$435,000
2.87% rateVASave $991/mo

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