1516 Corona
VA Assumable
2.84% Rate
50 photos
Click to enlarge

1516 Corona

Colorado Springs, CO 80907

4
Bedrooms
3
Bathrooms
2,794
Sq Ft

Payment Calculator

$5,170per 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?$46,250
$46,250$478,063
Secondary Financing8.5% Rate
$431,813
Blended rate5.62% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$5,554/mo
Assumable @ 2.84% + gap
$5,170/mo
$384less per month
$384
per month
$4,608
per year
$138,234
over 30 years

🏦 Loan Details

List Price
$925,000
Assumable Rate
2.84%
Remaining Balance
$447,927
Loan Type
VA
Est. Equity Gap
$478,063
Annual Taxes
$2,596

About This Home

This reimagined historic bungalow blends timeless character and a carefully constructed modern addition all located in a desirable downtown location. It was curated to preserve its’ original architectural charm while offering today’s comfort, function, and a finish level rarely found in homes of this era.\r A seamless addition and full renovation created an open, light-filled floor plan with 9’ ceilings, custom-stained 4” white oak flooring, solid core paneled doors, and quality lighting and plumbing fixtures throughout. The kitchen features Plush Designs custom cabinetry, solid quartz countertops, farmhouse sink, pantry storage, eating bar, stainless appliances, and vented hood. The main-level primary suite offers a spacious retreat with a walk-in closet and well-appointed five-piece bath with spa-inspired finishes. The living area centers around a beautifully restored wood-burning fireplace with sandstone surround, while an adjacent library with floor to ceiling shelves provides flexible living space. The dining area walks out to the large redwood deck and pergola. The finished basement features 8.5’ ceilings, a large secondary living space, two additional bedrooms, and a full bath. A generous main level laundry room includes a utility sink and classic hex tile flooring. Outside, the original stonework, rock walls, and historic façade were preserved to maintain the home’s character and connection to the neighborhood. The backyard has been further enhanced with additional landscaping and custom tree house! Alley access leads to the oversized two-car garage witih expanded concrete driveway and additional RV parking. Located just steps from downtown amenities, trails, parks, and neighborhood dining, this property offers a rare combination of historic character, quality updates, and thoughtful design.

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
$925,000
2.84% rateVASave $3,504/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

📞 (719) 624-3472