Laura Jewett

Laura Jewett

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Closed

$349,999

($156,163 down)
FHA

1059 Western Drive, Colorado Springs, CO 80915

5
2
1,492 sqft
PITI Monthly
$1,493.73 /mo

Listing courtesy of: Monica Breckenridge, Pink Realty

Assumed Rate

4.33%
7.15%

Principal & Interest

$1,090 /mo
$1,482 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
DECK
PATIO

5BR, 2BA, bi-level home in the NE neighborhood of Cimarron Hills. Separate Owner's quarters on the upper level. Durable vinyl flooring through most of the home. The upper-level features a Living Rm with lighted ceiling fan, wood look vinyl floor, and slider to the backyard deck. The Kitchen offers a Dining Area with built-in storage bench. Appliances include a counter microwave, dishwasher, smooth top range oven with vent hood, and French door refrigerator. The upper-level Full Bathroom is located adjacent to the Primary Bedroom and includes a vanity, medicine cabinet mirror, and tub/shower. French doors lead into the spacious Primary BR that offers a closet and work station or private sitting area. The Lower Level features 4BRs (the garage has been converted into a 4th BR suite for extra living space) There is a Full Bathroom with vanity, framed mirror, and tiled tub shower. The washer and dryer in the Laundry Area stays. There is a TV area and Kitchenette in the Flex room. Lower-Level BRs each have a bed, desk, mini refrigerator, and TV could stay. The garage conversion makes a non conforming 6th bedroom and has carpet, sitting area, and a separate entrance for complete privacy. It can easily be converted back to a 1-car attached garage by the seller. The fenced X-Large backyard provides a deck for outdoor dining and relaxation, a brick patio with fire pit, a play set for the kids, and 2-storage sheds for tools and toys. This home is ideally located close to parks, schools, medical facilities, and the Powers Corridor for shopping, restaurants, and entertainment. Proximity to the Peterson Space Force Base & Schriever Air Force Base makes this home a great option for military personnel & their families. The lower-level of this home is currently an established air bnb, but can be converted back into a 5 bedroom home easily.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.33
Remaining Loan Term
23 years, 1 months
Monthly PITI
$1,493.73/mo
Estimated Loan Balance
$194,612
Cash to close
$156,163
Interest Paid
$61,681

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Brick, Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
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
  • Brick, Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $234.58
  • Tax Annual Amount: $1181
  • On Market Date: 2024-04-21T00:00:00.000Z
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Savings Calculator

Current cash to close is $156,163 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $156,163!

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

Loan Breakdown

Assumed Mortgage4.33% Sellers Rate
$193,836
Your Cash$156,163
Total Purchase Price:$349,999

Assumed vs Traditional Mortgage

Assumed @ 4.33%
$1,090/mo
Traditional @ 7.5%
$1,537/mo
You save $448/month ($5,371/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5328432

Listing From: recolorado

Last updated: 2024-10-01T18:02:20.000Z

© , 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

4.33%
7.15%

Principal & Interest

$1,090 /mo
$1,482 /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 $156,163 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $156,163!

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

Loan Breakdown

Assumed Mortgage4.33% Sellers Rate
$193,836
Your Cash$156,163
Total Purchase Price:$349,999

Assumed vs Traditional Mortgage

Assumed @ 4.33%
$1,090/mo
Traditional @ 7.5%
$1,537/mo
You save $448/month ($5,371/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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