1802 Forest Ridge
VA Assumable
2.74% Rate
50 photos
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1802 Forest Ridge

Colorado Springs, CO 80918

4
Bedrooms
3
Bathrooms
3,027
Sq Ft

Payment Calculator

$2,785per 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?$27,500
$27,500$207,974
Secondary Financing8.5% Rate
$180,474
Blended rate4.73% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,303/mo
Assumable @ 2.74% + gap
$2,785/mo
$517less per month
$517
per month
$6,205
per year
$186,165
over 30 years

🏦 Loan Details

List Price
$550,000
Assumable Rate
2.74%
Remaining Balance
$342,826
Loan Type
VA
Est. Equity Gap
$207,974
Annual Taxes
$2,005
HOA/mo
$200

About This Home

Tucked into the tree-lined beauty of Erindale Park, this inviting 4-bedroom, 3-bath home offers a rare blend of privacy, mountain views, and everyday convenience. Set on a generous 0.32-acre lot with mature trees, this 3,064-square-foot home feels peaceful and secluded while still being just minutes from Academy Boulevard. Inside, you’ll find warm hardwood and carpeted living spaces, a cozy fireplace, a finished basement, central air, forced-air heat, and a functional layout designed for comfortable Colorado living. The renovated kitchen and updated bathrooms add fresh appeal, while recent improvements including interior/exterior paint, newer roof, newer furnace, new garage doors, and a freshly poured garage floor provide added peace of mind. The spacious primary suite features a walk-in closet and views of Pikes Peak and cozy fireplace. Enjoy quiet mornings on the shaded front porch, entertain on the large rear deck, or unwind while taking in mountain and park views. With Walk-out Basement, an attached 2-car garage, upper-level laundry, and close proximity to Pulpit Rock Park, this home delivers the best of a wooded retreat in the heart of Colorado Springs.

Data Source: REcolorado MLS

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
$550,000
2.74% rateVASave $1,720/mo

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