1950 Rusty Hinge Dr, Colorado Springs, CO 80920

For Sale: Charming Home on Rusty Hinge Drive, Colorado Springs Discover this well-maintained home located at 1950 Rusty Hinge Drive in beautiful Colorado Springs. This property offers a perfect blend of comfort and modern updates, making it an excellent choice for homeowners seeking quality and reliability. Key Features: New Roof (2015) – Inspected and certified in 2024. Updated Kitchen & Hot Water System (2018) – Featuring modern appliances for convenience and efficiency. New Windows, Heating, and AC (2023) – Ensuring energy efficiency and year-round comfort. Spacious Yard – Perfect for outdoor activities, gardening, or entertaining. Beautiful Mountain Views – Enjoy breathtaking scenery right from your home. Great Location – Situated in the desirable Briargate neighborhood, with easy access to local amenities and top-rated schools. Nearby Schools – High Plains Elementary (PK-5), Mountain Ridge Middle School (6-8), and Rampart High School (9-12). Convenient Shopping – Just a short drive to major shopping centers, restaurants, and entertainment options. This single-family home, built in 1978, offers 4 bedrooms, 3 bathrooms, and approximately 1,852 sq. ft. of living space on a spacious 9,016 sq. ft. lot. With a current estimated value of $437,000, this home is a fantastic opportunity! VA Loan Assumption Opportunity: Current VA Loan Balance: $283,136.59 Interest Rate: 2.75% VA Loan Assumption Requirements: You must meet all VA standards for creditworthiness and income. Assumption must be approved by both the VA and the lender. All mortgage obligations are assumed by the buyer, including repayment responsibilities. A VA funding fee of 0.5% of the loan balance (principal only) applies. If seeking secondary financing, it must also be assumable. Assumable second mortgages are rare in the open market but may be possible via private agreement. Excellent Financial Opportunity for VA Buyers: For buyers eligible for VA financing, this is an exceptional chance to assume a low-interest loan at just 2.75%—well below current market rates. With significant upfront savings and lower monthly payments, this property offers not only a beautiful home but also smart long-term value. This home is move-in ready with recent upgrades that provide peace of mind and enhanced living standards. Don’t miss the opportunity to make this fantastic property yours! For more details or to schedule a showing, contact us today!