10540 Summer Ridge
VA Assumable
3.76% Rate
50 photos
Click to enlarge

10540 Summer Ridge

Colorado Springs, CO 80831

5
Bedrooms
3
Bathrooms
3,097
Sq Ft

Payment Calculator

$3,454per 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?$29,250
$29,250$316,693
Secondary Financing8.5% Rate
$287,443
Blended rate6.21% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,513/mo
Assumable @ 3.76% + gap
$3,454/mo
$58less per month
$58
per month
$701
per year
$21,036
over 30 years

🏦 Loan Details

List Price
$584,999
Assumable Rate
3.76%
Remaining Balance
$268,306
Loan Type
VA
Est. Equity Gap
$316,693
Annual Taxes
$4,064
HOA/mo
$9

About This Home

If you've been looking for a home with plenty of space inside and a great backyard setting, this Meridian Ranch rancher is worth a closer look. With 5 bedrooms, 3 full bathrooms, 3,096 finished square feet, and a finished basement, there's room to spread out—but what really sets this home apart is out back. With no homes directly behind, the backyard backs to open space and a community trail leading toward the new Meridian Ranch Fieldhouse.\r \r Inside, the bright, open main level features vaulted ceilings and luxury vinyl plank flooring throughout the main living areas. The kitchen sits at the heart of the home with granite countertops, a gas range, pantry, and extended island with seating for up to five. Upgraded lighting, ceiling fans, and door hardware add thoughtful touches, while a Bosch dishwasher installed in April 2026 and the refrigerator are included.\r \r The main-level primary suite features a vaulted ceiling, walk-in closet, and private five-piece bath. Downstairs, a huge finished rec room offers plenty of flexibility for a movie area, game room, home gym, play space, or a combination of them all.\r \r Outside, the fully fenced and landscaped backyard includes an extended concrete patio, included gazebo, sprinkler system, and drip lines. Relax, entertain, or simply enjoy the open space beyond your back fence.\r \r Meridian Ranch offers parks, miles of trails and open space, a recreation center with indoor and outdoor pools, and the new Fieldhouse with indoor turf, fitness facilities, group exercise space, childcare, and an elevated walking track. Shopping, dining, schools, the Powers corridor, and military installations are also conveniently accessible.\r \r Built in 2021 with central A/C and an attached 2-car garage, this home combines a newer ranch floor plan, versatile finished basement, inviting outdoor space, and convenient access to Meridian Ranch amenities.

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
$584,999
3.76% rateVASave $2,159/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

📞 (719) 624-3472