Laura Jewett

Laura Jewett

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Closed

$240,000

($87,493 down)
FHA

1109 Lake Street, Fort Morgan, CO 80701

3
1
1,320 sqft
PITI Monthly
$1,196.59 /mo

Listing courtesy of: Mandy Weichel, Colorado Land Co. LLC

Assumed Rate

4.37%
7.15%

Principal & Interest

$843 /mo
$1,141 /mo

What's Special

LOCATION
SERENE
MODERN
HOME OFFICE
CHARMING
COZY

Welcome to 1109 Lake, a charming Craftsman-style home located in Fort Morgan, Colorado. As you step inside, you'll immediately notice the beautiful wood floors that extend throughout the main level, adding warmth and character to the living spaces. The galley style kitchen features a unique vintage sink, blending nostalgia with functionality and providing a charming space for meal preparation.The main level offers two comfortable bedrooms, each providing a cozy retreat for rest and relaxation. An additional bedroom is located in the basement, offering flexibility for guests, a home office, or additional living space.The single-car garage, conveniently accessed from the alley, provides secure parking and extra storage space. The backyard is fully fenced, creating a private oasis for outdoor activities and relaxation. Mature landscaping adds to the appeal, offering a serene and picturesque setting.Located in a welcoming neighborhood, 1109 Lake is within close proximity to local amenities, including shops, restaurants, parks, and schools. This prime location ensures that everything you need is just a short distance away.Don't miss the opportunity to own this charming Craftsman-style home with its blend of classic features and modern conveniences. 1109 Lake in Fort Morgan, Colorado, is the perfect place to create lasting memories.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.37
Remaining Loan Term
24 years, 0 months
Monthly PITI
$1,196.59/mo
Estimated Loan Balance
$160,732
Cash to close
$87,493
Interest Paid
$41,970

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Unknown
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
  • Wood Frame
  • Roof: Composition
Condition
  • Year Built: 1918
Details
  • Builder:

Community & HOA

Community
  • Subdivision: OLD FORT ADD
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fort Morgan

Financial Details

  • Price per Sqft: $181.82
  • Tax Annual Amount: $1011
  • On Market Date: 2024-06-04T00:00:00.000Z
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 $87,493 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $87,493!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$152,507
Your Cash$87,493
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$843/mo
Traditional @ 7.5%
$1,183/mo
You save $340/month ($4,086/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1011189

Listing From: recolorado

Last updated: 2024-12-22T18:21:16.000Z

© , 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

4.37%
7.15%

Principal & Interest

$843 /mo
$1,141 /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 $87,493 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $87,493!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$152,507
Your Cash$87,493
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$843/mo
Traditional @ 7.5%
$1,183/mo
You save $340/month ($4,086/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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