7186 Laurel Cherry
VA Assumable
4.98% Rate
50 photos
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7186 Laurel Cherry

Colorado Springs, CO 80927

5
Bedrooms
4
Bathrooms
3,021
Sq Ft

Payment Calculator

$3,154per 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?$30,000
$30,000$73,282
Secondary Financing8.5% Rate
$43,282
Blended rate5.25% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,603/mo
Assumable @ 4.98% + gap
$3,154/mo
$449less per month
$449
per month
$5,387
per year
$161,599
over 30 years

🏦 Loan Details

List Price
$600,000
Assumable Rate
4.98%
Remaining Balance
$526,718
Loan Type
VA
Est. Equity Gap
$73,282
Annual Taxes
$4,439

About This Home

Beautifully updated 5-bedroom home on a quiet cul-de-sac in the award-winning Banning Lewis Ranch community! Offering over 3000 ft.² of thoughtfully designed living space, this move-in-ready home combines modern finishes, functional spaces, and exceptional neighborhood amenities.\r Step inside to an open-concept main level featuring warm hardwood floors, abundant natural light, and a spacious family room centered around a cozy gas fireplace. The well-appointed kitchen is designed for both everyday living and entertaining, featuring granite countertops, a large center island, breakfast bar, farmhouse sink, double ovens, gas cooktop, stainless steel appliances, and walk-in pantry. A dedicated main-level office with French doors provides the perfect work-from-home space, while the dining area opens to the low maintenance, fenced backyard, creating seamless indoor-outdoor living. Upstairs, the spacious primary suite offers a relaxing retreat with a luxurious five-piece bath, dual vanities, soaking tub, walk-in shower, and generous walk-in closet. Three additional bedrooms, a full bathroom, and convenient upper-level laundry complete the second floor. The finished basement expands your living space with a large recreation room, additional bedroom with a walk-in closet, and three-quarter bathroom—ideal for guests, multigenerational living, or a private retreat. Enjoy Colorado evenings in the fully landscaped backyard featuring a concrete patio, while the attached three-car garage provides plenty of room for vehicles, storage, and outdoor gear. Located in the highly sought-after Banning Lewis Ranch community, residents enjoy exceptional amenities including pools, fitness center, clubhouse, parks, playgrounds, walking and biking trails, tennis courts, dog parks, community events, and more. Conveniently located near schools, shopping, dining, Peterson Space Force Base, Schriever Space Force Base, and Fort Carson, easy access to everything Colorado Springs has to offer.

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
$600,000
4.98% rateVASave $594/mo

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