Michael Rizzo

Michael Rizzo

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Under Contract

$450,000

($89,184 down)
FHA

8850 Bittercress Drive, Colorado Springs, CO 80925

4
3
2,026 sqft
PITI Monthly
$2,350.21 /mo

Listing courtesy of: Kay Ely, The Cutting Edge

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,625 /mo
$2,583 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
WALK-IN CLOSET
DOUBLE VANITY
SOAKING TUB
WALKING TRAILS
MOUNTAIN VIEWS
COZY

Welcome to this 4 bedroom, 3 bathroom, 2 story Aspen View home —where comfort, functionality, and mountain views come together in perfect harmony. This well-maintained home has thoughtful upgrades, including a brand-new roof installed in Nov 2024, a recently serviced furnace, and a whole-home water filtration system. Step inside to find a bright entry with wood laminate flooring leading to a dedicated office with French doors and cozy carpeting. The open-concept living room offers built-in 5.1 surround sound, and CAT 6 wiring throughout, making it perfect for entertainment or relaxation. The dining area flows seamlessly into a modern kitchen with quartz countertops, stainless appliances including gas range, large single-basin sink, and white cabinetry—all under sleek in-ceiling lighting. A convenient half bath, large pantry closet, and additional storage closet are just off the kitchen. Walk out to a beautifully designed backyard oasis featuring 20x40 stamped concrete, a pergola with adjustable shade panels, pre-wiring for a hot tub, and a gas line ready for outdoor cooking. Enjoy gardening in raised beds with berries, veggies, and flowers, all with direct access to a 60-ft easement with walking trails and unobstructed Pikes Peak views beyond open farmland. Upstairs, you’ll find four generously sized bedrooms, a small loft, and a laundry room complete with washer, dryer, and a whole-house fan. The luxurious primary suite includes a spacious walk-in closet and a private en-suite bath with quartz double vanity, deep soaking tub, and walk-in shower with custom tile surround. Additional highlights include crawl space with vapor barrier, and an epoxy-coated garage floor with built-in shelving and cabinetry. and zero-scaped front yard with rose bushes and a covered porch. This home combines style, efficiency, and tranquility in a truly unbeatable setting. Close to shopping, dining, neighborhood park just down the street, and fast commute to all military installations!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 2 months
Monthly PITI
$2,350.21/mo
Estimated Loan Balance
$351,544
Cash to close
$89,184
Interest Paid
$43,084

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Carpet, Tile, Laminate

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 2021
Details
  • Builder: Aspen View Homes

Community & HOA

Community
  • Subdivision:
  • Features: Hiking or Biking Trails, Park, Playground
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $222.11
  • Tax Annual Amount: $3652.12
  • On Market Date: 2025-04-09T02:10:15.000Z
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 $89,184 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $89,184!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$360,816
Your Cash$89,184
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,625/mo
Traditional @ 7.15%
$2,680/mo
You save $1,055/month ($12,656/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 1948851

Listing From:

Last updated: 2025-04-17T19:26:33.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,625 /mo
$2,583 /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 $89,184 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $89,184!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$360,816
Your Cash$89,184
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,625/mo
Traditional @ 7.15%
$2,680/mo
You save $1,055/month ($12,656/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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