Gino Zabala

Gino Zabala

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$575,000

($329,772 down)
VA

7020 Cotton Drive, Colorado Springs, CO 80923

4
4
3,846 sqft
PITI Monthly
$1,712.36 /mo

Listing courtesy of: Lesley Conn ABR MRP SRS , Equity Colorado Real Estate

Assumed Rate

3.81%
7.15%

Principal & Interest

$1,354 /mo
$1,960 /mo

What's Special

SHOPPING
DINING
FIREPLACE
DOUBLE VANITY
HOME OFFICE
FLEX SPACE
DECK
CUL-DE-SAC

This nearly 4,000-square-foot home offers loads of great living and convenience to award-winning D-20 schools, Cottonwood Park, shopping, and miles of hiking trails. Step inside, and you'll find a main-level primary suite that offers you space and privacy. The bright, open main floor features high ceilings, a fireplace-equipped family room off a kitchen and breakfast area and access to a large, newer deck. A roomy kitchen with lots of cabinet and counter space and a built-in desk flows into the formal dining and living rooms. Your laundry is also conveniently located on the main level. A 1,300 sq ft basement is so roomy it could be a whole separate home. It provides a bedroom and bathroom suite, a kitchenette/dining area and big, open area for play time or game time, a perfect setup for extended guests or banishing teenagers to below decks. A low-maintenance big backyard provides even more options for play and entertaining and views of Pikes Peak. The upstairs features two good-sized bedrooms, a bathroom with double vanity, and a loft that's a great flex space for home office, crafting, or whatever you need. You'll find great storage throughout the house and an upstairs laundry chute to help with daily decluttering. A new Class 4 impact-resistant roof was installed in April and the central heating and air is maintained annually. Once you're happily settled inside, you'll have so many ways to enjoy the outdoors and connect with the community. The 6-mile Cottonwood Creek Trail and 7-mile Homestead Trail are just off the cul-de-sac. Cottonwood Creek YMCA is an easy walk away, as is Cottonwood Park with its soccer fields, disc golf and baseball diamond. The neighborhood is HOA-free, so no monthly fees help with budgeting.The nationally honored Pioneer Elementary is less than a mile away and the award-winning Liberty High School awaits for older children. Come see a house and a neighborhood that can accommodate you for generations!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.81
Remaining Loan Term
22 years, 7 months
Monthly PITI
$1,712.36/mo
Estimated Loan Balance
$246,373
Cash to close
$329,772
Interest Paid
$76,095

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Main Level, Masonry
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing:
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: 1994
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $149.51
  • Tax Annual Amount: $2302
  • On Market Date: 2025-04-17T16:50:02.000Z
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 $329,772 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $329,772!

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

Loan Breakdown

Assumed Mortgage3.81% Sellers Rate
$245,228
Your Cash:$329,772
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.81%
$1,354/mo
Traditional @ 7.15%
$2,033/mo
You save $679/month ($8,151/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6252204

Listing From:

Last updated: 2025-04-28T02:30:00.000Z

© , 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

3.81%
7.15%

Principal & Interest

$1,354 /mo
$1,960 /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 $329,772 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $329,772!

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

Loan Breakdown

Assumed Mortgage3.81% Sellers Rate
$245,228
Your Cash:$329,772
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.81%
$1,354/mo
Traditional @ 7.15%
$2,033/mo
You save $679/month ($8,151/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Real Brokerage
Agent/Broker
Gino ZabalaReal Brokerage(623) 552-1225ginozabalarealestate@gmail.comMLS SA712685000

© 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 Real Brokerage 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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