20 Larkspur
FHA Assumable
2.87% Rate
50 photos
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20 Larkspur

Palmer Lake, CO 80133

2
Bedrooms
1
Bathrooms
1,338
Sq Ft

Payment Calculator

$2,248per 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?$23,250
$23,250$139,124
Secondary Financing8.5% Rate
$115,874
Blended rate4.34% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,792/mo
Assumable @ 2.87% + gap
$2,248/mo
$544less per month
$544
per month
$6,528
per year
$195,846
over 30 years

🏦 Loan Details

List Price
$465,000
Assumable Rate
2.87%
Remaining Balance
$327,325
Loan Type
FHA
Est. Equity Gap
$139,124
Annual Taxes
$1,941

About This Home

Live here, work here or both! Start your dream business in the ultimate location today! Zoned convenience-commercial (CC), currently utilized as a single-family residence, this turn of the century cottage-style building is ready for the updates that suit your vision. CC zoning has many permitted uses including retail, restaurant, office, service business, etc. There are even more uses with a conditional-use permit & mixed residential and commercial uses are available in this zoning too! Nicely-sized corner lot located a few feet from state highway frontage. Anchored by the post office this is a bustling spot for both foot & auto traffic! Almost 1400 SF on the main level plus an unfinished basement & a shed for extra storage. Two outdoor patios already in place! Ample room for on-site parking plus additional public parking nearby. Updates include new Champion windows, flooring, furnace, hot water heater, and more! Start your vacation rental business here, open a Colorado gift shop or even a wine bar! Well-established restaurants (some, even famous) just a few feet away that do amazing business & are an important part of the community identity. Palmer Lake has a thriving live music scene that draws plenty of visitors too! Right across the street is the Lake & park where year-round community events take place that draw 1,000’s, like the Palmer Lake Wine Festival and the 4th of July celebration & fireworks! This property is situated in the best part of the village...nestled between Ben Lomand & Sundance Mountains near the glorious Palmer Lake Star (listed on the Historical Register as the largest illuminated star in the world!) & the trailheads leading to National Forest! Palmer Lake is quickly evolving into a destination location due to unlimited outdoor recreation, the most picturesque setting and a laid-back vibe you only find in the most spectacular Colorado small mountain towns! It’s your story to write...write it somewhere absolutely remarkable!

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
$465,000
2.87% rateFHASave $1,286/mo

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