1607 Pikes Peak
VA Assumable
3% Rate
50 photos
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1607 Pikes Peak

Colorado Springs, CO 80904

6
Bedrooms
6
Bathrooms
N/A
Sq Ft

Payment Calculator

$7,556per 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?$65,000
$65,000$739,890
Secondary Financing8.5% Rate
$674,890
Blended rate6.00% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$7,806/mo
Assumable @ 3% + gap
$7,556/mo
$250less per month
$250
per month
$3,000
per year
$89,997
over 30 years

🏦 Loan Details

List Price
$1,300,000
Assumable Rate
3%
Remaining Balance
$561,363
Loan Type
VA
Est. Equity Gap
$739,890
Annual Taxes
$3,305

About This Home

This stunning property offers a rare opportunity to own a truly unique home while generating immediate income or accommodating multi-generational living. Ideally located in highly desirable Old Colorado City, the residence seamlessly blends historic charm with modern convenience. The original 1899 home showcases timeless character and craftsmanship, thoughtfully enhanced by a beautiful 2020 addition. At the heart of the home is a spacious, well-appointed kitchen featuring a gas range, farmhouse sink, and walk-in pantry. A bar seating area with a dedicated coffee station and breakfast bar overlooks the kitchen, creating the perfect gathering space. The expansive living room is warm and inviting, highlighted by a gas fireplace and large picture windows that fill the space with natural light. Up the first staircase, you’ll find three generously sized bedrooms; two with original hardwood floors and one with a walk-in closet, along with a stylish ¾ bathroom featuring a glass-enclosed shower and additional storage. The second staircase leads to a private primary suite retreat. This luxurious space includes a versatile flex area ideal for a sitting room, office, or fitness space. Beyond charming barn doors, the bedroom accommodates a king-size layout with an additional sitting area, a spacious 6x12 walk-in closet, and a chic five-piece ensuite complete with a freestanding soaking tub, tile shower, and a mounted TV for ultimate relaxation. The newly renovated basement has it's own entrance to function as a rental unit; complete with a kitchenette, full bathroom, laundry, a comfortable bedroom, and it's own deck. Outside, the private yard leads to a fully redesigned cottage offering exceptional income potential. The main level studio is ideal for short-term rentals, while the upper-level one-bedroom apartment is perfectly suited for mid-term tenants. With proven rental history and endless possibilities, this property is a rare and versatile investment and stunning home.

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
$1,300,000
3% rateVASave $5,150/mo

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