Sarah Brewer

Sarah Brewer

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$465,000

($147,473 down)
FHA

1940 Sussex Lane, Colorado Springs, CO 80909

3
3
2,208 sqft
PITI Monthly
$2,079.96 /mo

Listing courtesy of: Bobbie Rupp CIPS , RE/MAX Properties Inc

Assumed Rate

3.76%
7.15%

Principal & Interest

$1,562 /mo
$2,275 /mo

What's Special

LOCATION
DINING
HARDWOOD FLOORS
PATIO
IRRIGATION SYSTEM
PLAYGROUND

This ranch floor plan is open and bright with beautiful hardwood floors throughout the main level. In the kitchen, you'll enjoy the new appliances and window box to display all your herbs. The dining area walks out to a covered patio and fenced back yard. The expanded primary bedroom has space for a sitting room or nursery. It also has an attached 3/4 bath. The basement features a huge family room, 3rd bedroom, a full bath and additional room that can be used as an office, craft space, playroom, etc. The family room is large enough for multiple seating arrangements or activities. The back yard is flat, ready for your creative plans and has peek-a-boo views of the mountains. The front yard is xeriscaped for low maintenance. There is an irrigation system, but it has not been used for several years. You will find tons of storage space to include the massive laundry room downstairs, that also includes a utility sink. The location is central to the city of Colorado Springs and walking distance to Palmer Park where you'll enjoy the playground, dog park and tons of trails! The location is close to some of the main streets and schools, but for enough away to enjoy this quiet, peaceful neighborhood. In 2018, the roof was replaced with impact-resistant shingles. Recent upgrades include a new sewer line, appliances, A/C, furnace, electrical and lighting.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.76
Remaining Loan Term
26 years, 11 months
Monthly PITI
$2,079.96/mo
Estimated Loan Balance
$318,092
Cash to close
$147,473
Interest Paid
$37,949

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Brick, Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Main Level, Wood Burning
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Rear
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Brick, Frame
  • Roof: Shingle
Condition
  • Year Built: 1962
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $210.6
  • Tax Annual Amount: $1357
  • On Market Date: 2025-04-18T17:50:04.000Z
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 $147,473 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $147,473!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$317,527
Your Cash$147,473
Total Purchase Price:$465,000

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,562/mo
Traditional @ 7.15%
$2,360/mo
You save $798/month ($9,574/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 8023326

Listing From:

Last updated: 2025-04-22T00:15:56.000Z

© , 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

3.76%
7.15%

Principal & Interest

$1,562 /mo
$2,275 /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 $147,473 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $147,473!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$317,527
Your Cash$147,473
Total Purchase Price:$465,000

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,562/mo
Traditional @ 7.15%
$2,360/mo
You save $798/month ($9,574/year)

*Secondary financing rates are an estimated value based on input

Follow Us
HomeSmart
Agent/Broker
Sarah BrewerHomeSmart(719) 257-3753cosoldbysarah@gmail.comMLS 100088237

© 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 HomeSmart 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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