Diana & Jason Jones

Diana & Jason Jones

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$700,000

($339,553 down)
VA

8720 Westminster Drive, Colorado Springs, CO 80920

6
4
2,862 sqft
PITI Monthly
$2,127.26 /mo

Listing courtesy of: Michelle Bies, Better Homes & Gardens Real Estate - Kenney & Co.

Assumed Rate

3.23%
7.15%

Principal & Interest

$1,741 /mo
$2,709 /mo

What's Special

SHOPPING
DINING
LUXURY
FIREPLACE
MATURE TREES
COZY
NO HOA

Welcome to your dream homestead in the heart of town, nestled within the highly sought-after School District 20 with Pikes Peak Views and a Heated RV Garage! This rare gem offers the perfect blend of rural charm and city convenience, all set on a generous 0.43-acre lot with no HOA, —giving you the freedom to truly make this space your own oasis! As you arrive, you’re greeted by mature trees, ample space, and the inviting feel of a private sanctuary. The expansive lot provides room for gardening, entertaining, chickens, or simply relaxing in the hot tub under Colorado’s blue skies. Whether you’re dreaming of chickens, raised beds, or just space to roam, this property delivers the homesteading lifestyle without sacrificing access to schools, shopping, and dining. A true standout feature is the impressive heated 4-car garage/RV shop, offering over 1,000 square feet of versatile space. Perfect for car enthusiasts, small business owners, or anyone in need of a workshop, storage for recreational vehicles, or a place to host social gatherings. The garage is equipped with overhead doors, power, lighting, 220V, and heating. Inside the home, you’ll find comfortable living spaces with plenty of natural light, luxury updates including heated bathroom floors, California Closets, and cozy charm. Whether you’re relaxing by the fireplace, cooking in a well-equipped kitchen, or enjoying the privacy of the backyard, this home has something for everyone. With ample parking, a peaceful setting, and no restrictive covenants, this property is a rare opportunity in District 20. If you’ve been searching for a property that combines the best of homestead living with in-town access and top-tier schools, this is the one. Come see why this home is the perfect place to put down roots.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.23
Remaining Loan Term
25 years, 3 months
Monthly PITI
$2,127.26/mo
Estimated Loan Balance
$361,216
Cash to close
$339,553
Interest Paid
$58,558

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air, Other
  • Heating: Forced Air, Natural Gas, Wood
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Wood Burning
  • Flooring: Carpet, Wood

Exterior

Fencing
  • Fencing: Rear
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 6
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 1986
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $244.58
  • Tax Annual Amount: $2630
  • On Market Date: 2025-05-09T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $339,553 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $339,553!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$360,447
Your Cash$339,553
Total Purchase Price:$700,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$1,741/mo
Traditional @ 7.15%
$2,810/mo
You save $1,069/month ($12,828/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3425478

Listing From: recolorado

Last updated: 2025-05-09T21:01:19.000Z

© , recolorado. 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.

Assumed Rate

3.23%
7.15%

Principal & Interest

$1,741 /mo
$2,709 /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 $339,553 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $339,553!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$360,447
Your Cash$339,553
Total Purchase Price:$700,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$1,741/mo
Traditional @ 7.15%
$2,810/mo
You save $1,069/month ($12,828/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Coldwell Banker Realty
Agent/Broker
Diana & Jason JonesColdwell Banker Realty(602) 790-0734diana.jones@cbrealty.comMLS SA711064000

© 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 Coldwell Banker Realty 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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