Michael Rizzo

Michael Rizzo

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Under Contract

$1,300,000

($753,433 down)
VA

707 Sun Ridge Circle, Palmer Lake, CO 80133

3
3
3,068 sqft
PITI Monthly
$3,227.18 /mo

Listing courtesy of: Glant Havenar, Brokers Guild Real Estate

Assumed Rate

4.17%
7.15%

Principal & Interest

$2,809 /mo
$3,894 /mo

What's Special

DINING
SPACIOUS
HIGH-END FINISHES
LUXURY
FIREPLACE
WALK-IN CLOSET
MASTER SUITE
GAME ROOM
WET BAR
DECK
PATIO

This stunning custom-built tri-level home, located on 1.24 acres of pristine forested land in Palmer Lake, offers breathtaking views of Chautauqua and a meandering stream through the property. It backs to a National Preserve, providing easy access to miles of trails, hiking, biking, fishing, and other outdoor activities. Home features five custom decks and patios, blending the best of indoor and outdoor living with high-quality finishes like stamped concrete flooring, Pella fiberglass windows, and an indoor/outdoor wood-burning fireplace. The gourmet kitchen is truly a chef’s dream, featuring top-tier professional appliances, including a Sub Zero fridge, a 6-burner gas range, double ovens, and a 10-foot granite island. It also includes custom black walnut cabinetry, a "secret" walk-in pantry, wet bar, and kegerator. The kitchen flows into the dining area, extending to a large back deck perfect for entertaining. A “food truck window” opens to a front deck breakfast bar. Invite the outside in with a massive expanse of panoramic 6-panel modular window/door systems. The main living area includes a home theater system with a 120” screen, surround sound, and smart home automation. The main floor also has a bedroom, full bathroom, and a spiral staircase to a loft space that can serve as an office, gym, or extra bedroom. The lower level features a compass-painted foyer, a redwood deck, a master suite, a junior suite, and a game room. Each suite has private patio access, walk-in closets, and en-suite bathrooms with high-end finishes like spa shower, slate walls, waterfall shower-heads. The home also offers a spacious laundry room, a fully-loaded Klondike Arctic Spa, and custom-made live-edged LED dining table. The property blends luxury, functionality, and a seamless connection to nature, making it perfect for both entertaining and peaceful retreats. With expansive living spaces, cutting-edge technology, and outdoor recreation access, this home is one-of-a-kind.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
4.17
Remaining Loan Term
27 years, 1 months
Monthly PITI
$3,227.18/mo
Estimated Loan Balance
$642,635
Cash to close
$753,433
Interest Paid
$68,385

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Great Room, Living Room, Outside, Wood Burning
  • Flooring: Stone

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Contemporary, Mountain Contemporary
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 2021
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Palmer Lake

Financial Details

  • Price per Sqft: $423.73
  • Tax Annual Amount: $1417
  • On Market Date: 2025-04-07T00:00:00.000Z
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 $753,433 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $753,433!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$546,567
Your Cash:$753,433
Total Purchase Price:$1,300,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,809/mo
Traditional @ 7.15%
$4,039/mo
You save $1,230/month ($14,757/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC9316882

Listing From: recolorado

Last updated: 2025-04-14T06:42:19.000Z

© , 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

4.17%
7.15%

Principal & Interest

$2,809 /mo
$3,894 /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 $753,433 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $753,433!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$546,567
Your Cash:$753,433
Total Purchase Price:$1,300,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,809/mo
Traditional @ 7.15%
$4,039/mo
You save $1,230/month ($14,757/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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