5353 Palomino Ranch
VA Assumable
3.8% Rate
50 photos
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5353 Palomino Ranch

Colorado Springs, CO 80922

2
Bedrooms
2
Bathrooms
1,255
Sq Ft

Payment Calculator

$1,538per 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?$14,500
$14,500$98,486
Secondary Financing8.5% Rate
$83,986
Blended rate5.23% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,741/mo
Assumable @ 3.8% + gap
$1,538/mo
$203less per month
$203
per month
$2,438
per year
$73,150
over 30 years

🏦 Loan Details

List Price
$290,000
Assumable Rate
3.8%
Remaining Balance
$191,514
Loan Type
VA
Est. Equity Gap
$98,486
Annual Taxes
$1,212
HOA/mo
$379

About This Home

Beautifully updated 2 bedroom, 2 bathroom condominium with a one-car detached garage, ideally located in the quiet Palomino Ranch community. This prime location offers convenient access to shopping, grocery stores, and nearby military bases, while maintaining a peaceful residential atmosphere. The home has been tastefully refreshed with new interior paint throughout, new carpet, luxury vinyl flooring, updated light fixtures, ceiling fans, and vanities. Upon entry, vaulted ceilings and abundant natural light create a bright and inviting first impression. This level features a spacious living room centered around a gas fireplace with a stacked stone surround, complemented by luxury vinyl flooring. The main level showcases a well appointed kitchen with solid-surface countertops, coordinating cabinetry, and new recessed lighting that adds both style and functionality. The kitchen is equipped with SS refrigerator, SS deep sink, SS dishwasher, SS built-in microwave, and SS smooth-top electric range/oven. The vaulted living room opens to a generously sized covered balcony; an ideal spot to enjoy views of Pikes Peak.The main level, also finished with luxury vinyl flooring, includes two bedrooms, two full bathrooms, and a dedicated laundry room. The primary suite features a walk-in closet and an en-suite full bathroom with double vanities. A comfortable loft with new carpet on the third level, offers additional space for an office or play room. This thoughtfully updated condo offers a refined blend of comfort, functionality, and location—an exceptional opportunity in Palomino Ranch!

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
$290,000
3.8% rateVASave $709/mo

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