Laura Jewett

Laura Jewett

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$350,000

($103,494 down)
FHA

1051 Western Drive, Colorado Springs, CO 80915

3
2
954 sqft
PITI Monthly
$1,560.19 /mo

Listing courtesy of: Ivan Turner, Fathom Realty Colorado LLC

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,122 /mo
$1,774 /mo

What's Special

REMODELED
PATIO
SOLAR PANELS

Welcome home, To this extremely conveniently located ranch style home. It boasts a huge backyard with a new 20x10 Tuff Shed with 2 bonus lofts, A green house and plenty of potential all around. The driveway, sidewalks and back patio are all new concrete, Also the new engineered wood siding (2023) . If you look up on the roof you will notice the solar panels and in the back is the Solar Edge Monitoring system with the new upgraded, high-end Electrical box (all installed 2022). Upon entry you will be welcomed with the open Living room and the freshly remodeled Kitchen with the new floors, counters and sink. Please note the new *high end* Vinyl 2 pane windows through-out. As you tour the master bedroom with the half bath you will notice the well kept state of this home, and touring through to the other 2 bedrooms and full bath you will see that there is not much needed to make this your home. The attached garage with laundry and some work space, Is ready for you. All these upgrades and improvements have been expertly done with all needed permits. A few more mentionable items = Crawlspace w/ Furnace has been insulated and vapor barriered. Hot water heater installed 2021 *WITH NEW CUSTOM CLOSET.* **Please feel free to use the Virtual Tab (below listing photos) for a virtual tour**

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 10 months
Monthly PITI
$1,560.19/mo
Estimated Loan Balance
$247,473
Cash to close
$103,494
Interest Paid
$24,960

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), Evaporative Cooling
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Luxury Vinyl

Exterior

Fencing
  • Fencing: Rear
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Frame, Wood Siding
  • Roof: Shingle
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $366.88
  • Tax Annual Amount: $1227
  • On Market Date: 2025-01-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

Apply now

Savings Calculator

Current cash to close is $103,494 (30%)
You can enter any amount below - secondary financing will cover the difference if needed.
30%
$

You cover the entire equity of $103,494!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$246,506
Your Cash$103,494
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,122/mo
Traditional @ 7.5%
$1,841/mo
You save $719/month ($8,625/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3948523

Listing From: recolorado

Last updated: 2025-03-28T00:03:23.000Z

© , 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

3.1%
7.15%

Principal & Interest

$1,122 /mo
$1,774 /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 $103,494 (30%)
You can enter any amount below - secondary financing will cover the difference if needed.
30%
$

You cover the entire equity of $103,494!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$246,506
Your Cash$103,494
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,122/mo
Traditional @ 7.5%
$1,841/mo
You save $719/month ($8,625/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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