Michael Rizzo

Michael Rizzo

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$660,000

($219,762 down)
VA

6898 Otoole Drive, Calhan, CO 80808

5
3
3,315 sqft
PITI Monthly
$3,152.2 /mo

Listing courtesy of: Trelora Realty Team, Trelora Realty, Inc.

Assumed Rate

6.34%
7.15%

Principal & Interest

$2,797 /mo
$3,039 /mo

What's Special

WALK-IN CLOSET
MASTER SUITE
DOUBLE VANITY
SAFE

Welcome Home! This stunning IRC modular ranch-style home is situated on a 5-acre lot with breathtaking views of the mountains and Pikes Peak. The open floor plan is perfect for entertaining. The dream kitchen boasts a large island with a breakfast bar, designer pendant lighting, and a decorative hood vent over the gas range. There’s also a pot filler valve in the backsplash, an abundance of cabinets and counter space, and a walk-in pantry with additional cabinets, built-in microwave, countertops, and shelving. The home features three generously sized bedrooms and two bathrooms. The master suite offers two walk-in closets and a beautiful 5-piece bath, complete with a jetted tub, a large shower with a rain showerhead, a double vanity, and a linen cabinet. The main-level laundry room provides extra space. Upstairs, loft, added approximately 1,100 sq ft of living space, including two bedrooms, a bathroom, and a great room. The renovation was fully permitted, inspected, and approved. Additional amenities include a SimpliSafe security system, StarLink dish with modem/router, reverse osmosis system for the kitchen sink and refrigerator, and a 500-gallon propane tank. The property also includes a 25x30 detached garage with a complete garage package, including one personnel door, two windows, and two overhead doors (8' and 16' wide, both 8' tall).

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.34
Remaining Loan Term
28 years, 2 months
Monthly PITI
$3,152.2/mo
Estimated Loan Balance
$440,706
Cash to close
$219,762
Interest Paid
$51,774

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
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: 2022
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Calhan
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Calhan

Financial Details

  • Price per Sqft: $199.1
  • Tax Annual Amount: $2261
  • On Market Date: 2025-04-10T00:00:00.000Z
Inquire about this property

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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 $219,762 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $219,762!

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

Loan Breakdown

Assumed Mortgage6.34% Sellers Rate
$440,238
Your Cash$219,762
Total Purchase Price:$660,000

Assumed vs Traditional Mortgage

Assumed @ 6.34%
$2,797/mo
Traditional @ 7.15%
$3,153/mo
You save $356/month ($4,266/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8146731

Listing From: recolorado

Last updated: 2025-04-12T13:47:19.000Z

© , 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

6.34%
7.15%

Principal & Interest

$2,797 /mo
$3,039 /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 $219,762 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $219,762!

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

Loan Breakdown

Assumed Mortgage6.34% Sellers Rate
$440,238
Your Cash$219,762
Total Purchase Price:$660,000

Assumed vs Traditional Mortgage

Assumed @ 6.34%
$2,797/mo
Traditional @ 7.15%
$3,153/mo
You save $356/month ($4,266/year)

*Secondary financing rates are an estimated value based on input

Follow Us
HomeSmart
Agent/Broker
Michael RizzoHomeSmart(602) 790-2804MikeRizzo@HSMove.comMLS SA539236000

© 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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