Bobi Hernandez

Bobi Hernandez

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$540,000

($19,914 down)
VA

421 S Prospect Street, Colorado Springs, CO 80903

3
2
0 sqft
PITI Monthly
$3,245.95 /mo

Listing courtesy of: Jeffrey Johnson, Keller Williams Premier Realty

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,972 /mo
$3,647 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
MODERN
RENOVATED
STAINLESS STEEL APPLIANCES
FINISHED BASEMENT
CHARMING
COZY
INCOME POTENTIAL
RENTAL INCOME
INVESTMENT OPPORTUNITY

*Charming Fully Renovated Downtown Home with R2 Zoning and Income Potential!* Welcome to your dream home in the vibrant heart of Colorado Springs! This beautifully renovated residence, situated on a generous double lot, features highly desirable R2 zoning that creates a fantastic investment opportunity for savvy buyers. As you step inside, you'll be greeted by a bright and open layout that immediately makes you feel at home. The stunning kitchen showcases stainless steel appliances, quartz countertops, and ample cabinetry with serving buffet makes it a perfect space for entertaining. The main floor houses a spacious living area that is infused with natural light, and a convenient dining space that flows seamlessly into the kitchen. Venturing downstairs, you'll discover a fully finished basement that offers a private entrance, providing independence and privacy for guests or tenants alike. This versatile basement includes a fully equipped accessory dwelling unit (ADU) featuring its own inviting living area, a full kitchen, a cozy bedroom and bath, and a modern bathroom—making it ideal for generating rental income or providing comfortable accommodations for visiting friends and family. KEY FEATURES: *Double Lot* Enjoy an expansive outdoor area that presents endless possibilities for gardening, entertaining, or future development projects. *R2 Zoning* Take advantage of the versatile zoning that enhances the property's potential, opening doors for various residential and investment opportunities. *Prime Location* Immerse yourself in the vibrant downtown Colorado Springs lifestyle, with an array of nearby shopping, dining, cultural attractions, and beautiful parks just moments away. This property is the perfect blend of a charming home and a lucrative investment opportunity, making it a rarity in today’s market. Don’t miss out on this exceptional chance to become part of the Colorado Springs community. explore all that this remarkable property has to offer!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$3,245.95/mo
Estimated Loan Balance
$520,792
Cash to close
$19,914
Interest Paid
$69,242

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring:

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof:
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Assoc/Distr
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: SF Home
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof:
Condition
  • Year Built: 1910
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $540,000
  • Tax Annual Amount: $1289.89
  • On Market Date: 2025-04-02T21:50:51.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $19,914 (4%)
You can enter any amount below - secondary financing will cover the difference if needed.
4%
$

You cover the entire equity of $19,914!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$520,086
Your Cash$19,914
Total Purchase Price:$540,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,972/mo
Traditional @ 7.15%
$3,783/mo
You save $811/month ($9,735/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 3386494

Listing From:

Last updated: 2025-04-09T23:15:07.000Z

© , PPMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,972 /mo
$3,647 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $19,914 (4%)
You can enter any amount below - secondary financing will cover the difference if needed.
4%
$

You cover the entire equity of $19,914!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$520,086
Your Cash$19,914
Total Purchase Price:$540,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,972/mo
Traditional @ 7.15%
$3,783/mo
You save $811/month ($9,735/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Bobi Hernandez(602) 761-0781bobisellsazhomes@gmail.comMLS

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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