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Ken Gorup

Ken Gorup

Property2.84% Assumable
1 / 19

$349,500

($156,091 down)
FHA

319 S Institute Street, Colorado Springs, CO 80903

3
1
858 sqft
PITI Monthly
$1,238.56 /mo

Assumed Rate

2.84%
7.15%

Principal & Interest

$868 /mo
$1,419 /mo
$21,484 in interest paid off

Listing courtesy of: Jacob Romero, Orchard Brokerage LLC

What's Special

LOCATIONDININGMOVE-IN READYMODERNHARDWOOD FLOORSGRANITE COUNTERTOPSSTAINLESS STEEL APPLIANCESHOME OFFICEMATURE TREES

Situated on a quiet block in Colorado Springs’ Downtown East neighborhood, this well-maintained 3-bedroom, 1-bath bungalow blends timeless design with practical updates and a location that puts the best of the city at your doorstep. With inviting indoor spaces, smart outdoor improvements, and functional upgrades, the home is move-in ready and suited to a wide range of lifestyles. Inside, you're welcomed by original hardwood floors and large windows that fill the living and dining areas with natural light. The open layout offers comfort and flexibility, complemented by fresh finishes and thoughtful design touches. The kitchen is updated with granite countertops, stainless steel appliances, a tile backsplash, and a peninsula for added seating. Three versatile bedrooms accommodate sleep, work, or creative use, while the bathroom features designer tile, modern lighting, and a sleek vanity. Outside, enjoy a fully fenced backyard with xeriscaping, mature trees, and space for dining or entertaining. A dog run adds convenience, and the detached 2-car garage provides off-street parking and storage. At the rear, a detached bonus structure with its own gas meter and address offers potential for a studio, guest suite, or home office, adding flexibility without defining the property. You're just three blocks from Memorial Park and Prospect Lake, with access to 190+ acres of green space, a YMCA, skate park, and trails. Nearby are the Tejon Street corridor, Shuga’s, Four by Brother Luck, Phantom Canyon Brewing, Colorado College, the Fine Arts Center, Weidner Field, and the U.S. Olympic & Paralympic Museum. With quick access to I-25, transit, and UCHealth Memorial Hospital, this home offers comfort, convenience, and long-term value in one of the city’s most connected neighborhoods.

Gradient Jack

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 3 months
Monthly PITI
$1,238.56/mo
Estimated Loan Balance
$194,227
Cash to close
$156,091
Interest Paid
$21,484

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms3
  • Bathrooms1
Cooling & Heating
  • CoolingCentral Air
  • HeatingForced Air
Interior Features
  • MaterialsN/A
  • CommunityUnknown
  • FireplaceNo
  • Fireplace FeaturesN/A
  • FlooringCarpet, Tile, Wood

Exterior

Fencing
  • FencingRear
Roof
  • RoofShingle
Parking
  • GarageNo
  • Garage SpacesN/A
  • CarportNo
  • Carport SpacesN/A
Water
  • SewerN/A
  • Water SourceAssoc/Distr
Pool
  • Has PoolNo
  • Pool FeaturesN/A

Construction

Type & Style
  • StoriesN/A
  • Home TypeSingle Family Residence
  • Architectural StyleN/A
Materials
  • Construction MaterialsN/A
  • RoofShingle
Condition
  • Year Built1899
Details
  • BuilderN/A

Community & HOA

Community
  • SubdivisionN/A
  • FeaturesN/A
HOA
  • Has HOANo
Location
  • RegionColorado Springs

Financial Details

Financial Info
  • Price per Sqft$407.34
  • Tax Annual Amount$861
  • On Market Date2025-05-10T04:20:02.000Z
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MLS ID: 3134664

Listing From:

Last updated: 2025-06-04T16:30:09.000Z

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