816 Sunset
FHA Assumable
2.74% Rate
50 photos
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816 Sunset

Colorado Springs, CO 80909

3
Bedrooms
1
Bathrooms
1,162
Sq Ft

Payment Calculator

$1,875per 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?$19,750
$19,750$113,101
Secondary Financing8.5% Rate
$93,351
Blended rate4.17% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,372/mo
Assumable @ 2.74% + gap
$1,875/mo
$497less per month
$497
per month
$5,960
per year
$178,796
over 30 years

🏦 Loan Details

List Price
$395,000
Assumable Rate
2.74%
Remaining Balance
$283,875
Loan Type
FHA
Est. Equity Gap
$113,101
Annual Taxes
$1,064

About This Home

Charming Updated Bungalow with Main-Level Living and Finished Basement!\r \r Own a piece of Colorado Springs history in this beautifully updated 1905 home, where historic charm meets modern convenience. This home is one of the oldest in this tree-lined neighborhood full of character, you'll love the inviting atmosphere and the nearby park and playground located just a few doors away.\r \r Designed for easy living, the main level features the primary bedroom, full bathroom, and laundry area all on one floor. The bright and functional kitchen opens to a cheerful sunroom filled with natural light—an ideal spot to enjoy your morning coffee or unwind with a good book.\r \r Downstairs, the fully finished basement expands your living space with a spacious family room and two additional non-conforming bedrooms, offering flexibility for guests, hobbies, a home office, or workout space.\r \r Outdoor living is just as enjoyable with a large fenced concrete patio perfect for entertaining, grilling, or relaxing in privacy. The fenced front yard provides a secure space for pets and play, while the partially turfed front yard offers attractive, low-maintenance curb appeal.\r \r Stay cool this summer with the 2 AC units that are included! Additional parking on an extra-long gravel driveway with carport plus a 1 car garage! Large lot with RV parking or enough room for an ADU. No HOA!\r \r This delightful home combines timeless character, thoughtful updates, and versatile living spaces in a charming neighborhood setting. Don't miss the opportunity to make it yours!

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
$395,000
2.74% rateFHASave $1,067/mo

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