156 Norman
FHA Assumable
4.16% Rate
50 photos
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156 Norman

Colorado Springs, CO 80911

3
Bedrooms
2
Bathrooms
1,793
Sq Ft

Payment Calculator

$2,752per 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?$18,000
$18,000$317,173
Secondary Financing8.5% Rate
$299,173
Blended rate7.47% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,162/mo
Assumable @ 4.16% + gap
$2,752/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$360,000
Assumable Rate
4.16%
Remaining Balance
$92,827
Loan Type
FHA
Est. Equity Gap
$317,173
Annual Taxes
$1,115

About This Home

RARE FIND! Beautifully remodled 3 bedroom, 2 bath, +office updated ranch on a massive 11,761 SqFt (0.27-acre) lot - nearly double the neighborhood average offering modern updates, abundant outdoor space, and a highly desirable attached multigenerational living quarters with a private entrance. The main home features a thoughtfully opened living room-to-kitchen floor plan, new luxury vinyl plank flooring, trim, baseboards, outlets, switches, ceiling fans, a fully remodeled bathroom, updated windows, and a transferable 5-year roof warranty. The attached living quarters are what make this property truly special. With a private entrance, living area, bedroom, full bath, and kitchen area with cabinetry, countertops, sink, and refrigerator space (no stove/range), this flexible space is ideal for multigenerational living, a mother-in-law suite, extended guests, a home office, consulting space, creative studio, or remote workspace. A dedicated ductless mini-split heating and cooling systems provide year-round comfort, while the separate entrance allows family, guests, or clients to come and go independently. Enjoy outdoor living with a covered wraparound patio spanning the side and back of the home, a welcoming front porch with a SunSetter retractable awning, and spacious, fully fenced front and back yards that are pet friendly and offer room for gardening, recreation, or future projects. Parking and storage are exceptional with an attached one-car garage, extra-large covered carport, two storage sheds, and a separate driveway providing rear access with ample space for additional vehicles, RVs, trailers, or toys. Conveniently located near Fort Carson, Peterson and Schriever Space Force Bases, schools, parks, shopping, dining, and major commuter routes. Buyer to verify any intended use of the attached living quarters with El Paso County and square footage.

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
$360,000
4.16% rateFHASave $1,682/mo

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