Laura Jewett

Laura Jewett

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$726,000

($516,081 down)
VA

1038 Petras Street, Erie, CO 80516

4
4
3,182 sqft
PITI Monthly
$1,681.93 /mo

Listing courtesy of: Matthew Urlacher, RE/MAX Alliance-Boulder

Assumed Rate

2.74%
7.15%

Principal & Interest

$941 /mo
$1,560 /mo

What's Special

SHOPPING
SPACIOUS
FINISHED BASEMENT
WET BAR

Beautiful 4-bedroom, 4-bathroom home in the desirable Erie Commons neighborhood in Erie, CO! The main level features three spacious bedrooms, an office, and an open floor plan filled with natural light. The fully finished basement, completed in 2021, offers an additional bedroom, a full bathroom, a versatile bonus room, and a stylish wet bar-perfect for entertaining. Windows and roof updated 2023. Enjoy the convenience of nearby parks, trails, and shopping in this vibrant community!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.74
Remaining Loan Term
25 years, 11 months
Monthly PITI
$1,681.93/mo
Estimated Loan Balance
$285,841
Cash to close
$516,081
Interest Paid
$24,681

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Gas Log
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Frame
  • Roof: Composition
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Erie Commons Fg#2 Final
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Erie Commons Master Assoc
  • HOA Amenities: Unknown
  • HOA Fee: $112
  • HOA Frequency: $Monthly
Location
  • Region: Erie

Financial Details

  • Price per Sqft: $228.16
  • Tax Annual Amount: $6286
  • On Market Date: 2025-03-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $516,081 (71%)
You can enter any amount below - secondary financing will cover the difference if needed.
71%
$

You cover the entire equity of $516,081!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$209,919
Your Cash:$516,081
Total Purchase Price:$726,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$941/mo
Traditional @ 7.5%
$1,618/mo
You save $676/month ($8,115/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1028120

Listing From: recolorado

Last updated: 2025-03-30T17:05:26.000Z

© , recolorado. 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.

Assumed Rate

2.74%
7.15%

Principal & Interest

$941 /mo
$1,560 /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 $516,081 (71%)
You can enter any amount below - secondary financing will cover the difference if needed.
71%
$

You cover the entire equity of $516,081!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$209,919
Your Cash:$516,081
Total Purchase Price:$726,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$941/mo
Traditional @ 7.5%
$1,618/mo
You save $676/month ($8,115/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© 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 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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