Laura Jewett

Laura Jewett

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Closed

$310,000

($0 down)*
FHA

Potential short sale please verify with your agent.

1110 Otteman Court, Colorado Springs, CO 80909

3
2
1,152 sqft
PITI Monthly
$2,926.91 /mo

Listing courtesy of: Christian Kendall, A STEP ABOVE ABOVE REALTY

Assumed Rate

6.81%
7.15%

Principal & Interest

$2,432 /mo
$2,517 /mo

What's Special

LOCATION
SPACIOUS
MODERN
RENOVATED
CONVENIENT LOCATION
CHARMING

This charming 3-bedroom, 2-bathroom ranch home is ready for a new owner to breathe life back into it! Fully renovated in 2000 with an extremely spacious and functional floor plan, this home is perfect for families or anyone seeking a comfortable and convenient lifestyle with a small amount of work. Whether you value the feeling of spacious living, convenient location, sleek and modern touches with a granite breakfast bar/counter tops, or spa like bathrooms this home has something to offer anyone. The opportunity to own a house like this doesn't come around often. Don't miss out on your chance to create your own beautiful sanctuary with a little TLC. Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.81
Remaining Loan Term
27 years, 9 months
Monthly PITI
$2,926.91/mo
Estimated Loan Balance
$366,634
Cash to close
$0
Interest Paid
$56,433

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Other
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Stucco
  • Roof: Other
Condition
  • Year Built: 1952
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Otteman-Schulz Sub
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $269.1
  • Tax Annual Amount: $975
  • On Market Date: 2024-10-10T00:00:00.000Z
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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$310,000
Your Cash$0
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,432/mo
Traditional @ 7.5%
$2,611/mo
You save $179/month ($2,146/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2695000

Listing From: recolorado

Last updated: 2024-10-26T17:56:16.000Z

© , 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

6.81%
7.15%

Principal & Interest

$2,432 /mo
$2,517 /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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$310,000
Your Cash$0
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,432/mo
Traditional @ 7.5%
$2,611/mo
You save $179/month ($2,146/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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