Pending
4997 Truscott Road
Colorado Springs, CO 80925|Cleveland Plan
$482,900
3Beds
2½Baths
1,884Sq. Ft.
2Car Garage
Explore your financing options
Explore your financing options
5/1 ARM3.875%Initial interest rate
FIXED RATE4.99%Fixed interest rate
3-2-1 Buydown
3.5%Year 1 rateFeatured payment optionYear 24.5%
Year 35.5%
Year 4 onward6.5%
Rates shown are for VA financing. Interest rates, not APR. Subject to eligibility, availability and lender approval. See individual homes for payment details.
Payment assumptions & details
Payment example for 4997 Truscott Road
| Home sales price | $482,900.00 |
|---|---|
| Modeled adjusted contract price | $538,546.33 |
| Loan amount | $550,125.08 |
| Loan term | 30 years |
| Down payment | 0% ($0.00) |
| Fixed note rate (not APR) | 6.5% |
| Loan program | VA 3-2-1 Buydown — eligible buyer with full entitlement |
| Total 3-2-1 buydown cost | 8.661% ($47,646.33) |
| VA funding fee | 2.15% ($11,578.75) — financed |
| Assumed closing costs | $8,000.00 — modeled seller credit |
| Year 1 principal & interest paid by buyer | $2,470.31 |
|---|---|
| Estimated property taxes | $442.66 |
| Homeowners insurance | $180.00 |
| Mortgage insurance | $0.00 |
| HOA / metro charges | $20.00 |
| Year 1 estimated monthly total | $3,112.97 |
| Period | Payment based on | Estimated monthly payment |
|---|---|---|
| Year 1 | 3.5% | $3,112.97 |
| Year 2 | 4.5% | $3,430.06 |
| Year 3 | 5.5% | $3,766.21 |
| Year 4 onward | 6.5% | $4,119.83 |
Fixed note rate: 6.5%. A builder-funded 3-2-1 buydown reduces the buyer’s principal and interest payments during years 1–3. Payments increase each year through year 4. Tax, insurance and community-fee estimates are held constant in this illustration; actual amounts can change.
The advertised amount is the Year 1 estimated payment. A builder-funded 3-2-1 buydown reduces the buyer’s principal and interest payments during the first three years; the underlying note rate remains fixed. Payments are based on a rate 3 percentage points below the note rate in Year 1, 2 points below in Year 2, and 1 point below in Year 3. Full note-rate payments begin in Year 4. Taxes, insurance and HOA/metro charges are estimates and may change. Interest rate is not APR. Financing costs are modeled through a higher contract price and seller credits, subject to lender approval and appraisal support. Contact the lender for a complete Loan Estimate.
About this home
Space to live, gather and grow.
This three-bedroom home offers 1,884 square feet of space to live, gather and grow. Enjoy space for shared meals, time together and a place to unwind.
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Floor Plans
See how 1,884 sq. ft. lives.
Explore the Cleveland floor plan and available layout variations.
Floor plans are representative. Actual home configuration may vary.
The NeighborhoodExplore Bradley Heights
Life at Bradley Heights
Bradley Heights is located in southeast Colorado Springs, with convenient access to restaurants, shopping and Colorado Springs Airport. Nearby outdoor destinations include Bluestem Prairie Open Space and Big Johnson Reservoir.
- Pikes Peak views
- Nearby hiking trails
- Near Bluestem Prairie Open Space
School District 3
- French Elementary School
- Watson Jr High School
- Widefield High School
Making Life Better for more than 25 years.
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That trust is what keeps us focused on building homes worthy of life’s most meaningful moments.
2025 Top 100 BuilderHome Builder Executive
Best of the Springs WinnerRecognized in Colorado Springs
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Have a question about 4997 Truscott Road, financing, availability or the community? We can help.
Alex LopourChallenger Homes(719) 339-9745
Devin JonesChallenger Homes(719) 761-1196
Matt O’NeilChallenger Homes(360) 977-1943
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