507 23rd
VA Assumable
2.98% Rate
50 photos
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507 23rd

Colorado Springs, CO 80904

3
Bedrooms
2
Bathrooms
1,903
Sq Ft

Payment Calculator

$2,063per 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$82,259
Secondary Financing8.5% Rate
$59,009
Blended rate3.72% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,792/mo
Assumable @ 2.98% + gap
$2,063/mo
$729less per month
$729
per month
$8,747
per year
$262,402
over 30 years

🏦 Loan Details

List Price
$465,000
Assumable Rate
2.98%
Remaining Balance
$382,744
Loan Type
VA
Est. Equity Gap
$82,259
Annual Taxes
$1,829

About This Home

Welcome to a rare Westside opportunity featuring a Piles Peak View, residence with direct adjacency to Thorndale Park, set on a 0.25-acre R-2 zoned lot with Mountain View’s, flexible redevelopment potential, a walkout basement, and immediate livability. This property uniquely blends present-day functionality with long-term upside in one of Colorado Springs’ most sought-after Westside corridors.\r \r The existing home offers comfortable living with a functional floor plan, 3 bedrooms, 2 bathrooms, and generous living areas, including a true walkout basement—a valuable feature that enhances usability today and adds versatility for future expansion, rental potential, or multi-generational living. Natural light fills the interior, and the layout supports practical everyday living while also offering room to improve, renovate, or reimagine over time.\r \r What truly sets this property apart is the site itself—a quarter-acre park-bordered lot that provides uncommon openness, privacy, and direct access to green space. Thorndale Park functions as an extension of your own yard, offering recreation, trails, and year-round outdoor enjoyment just steps from the home.\r \r Located minutes from Old Colorado City, downtown Colorado Springs, Garden of the Gods, Red Rock Canyon, local dining, shopping, and major commuter routes, this Westside address delivers both lifestyle and convenience in one of the city’s most established and desirable neighborhoods.\r \r Opportunities combining park adjacency, R-2 zoning, a quarter-acre lot, mountain views, a walkout basement, and an existing home ready for immediate use are exceptionally rare on the Westside. This is a true hybrid offering—live comfortably now and invest in a future with unlimited potential.\r \r Schedule your showing today!

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
2.98% rateVASave $993/mo

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