Laura Jewett

Laura Jewett

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Closed

$350,000

($232,667 down)
FHA

11577 County Road 8.5, Merino, CO 80741

4
2
1,296 sqft
PITI Monthly
$963.8 /mo

Listing courtesy of: Mattie Haney, Haney Homes and Land

Assumed Rate

4.44%
7.15%

Principal & Interest

$667 /mo
$895 /mo

What's Special

DINING
SPACIOUS
WALK-IN CLOSET
MASTER SUITE
FINISHED BASEMENT
PATIO
CHARMING

If you're looking to get out of the city and on some land this could be it! A charming 4 bedroom, 2 bathroom home with an unfinished walkout basement is nestled on a 2.5 acre lot just outside of Merino. As you enter the front door you will be greeted by the open floorplan of the living room, dining room and kitchen. Beyond the dining room is a covered backyard patio, perfect for watching sunsets! Through the hallway you will find a spacious laundry room, two bedrooms and one bathroom. In addition, the master suite features a walk-in closet and a full bathroom. Downstairs is an unfinished basement with an additional unfinished bedroom and two closets for storage. This home is allowed to raise farm animals per HOA guidelines and is ready for it's next family!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.44
Remaining Loan Term
23 years, 1 months
Monthly PITI
$963.8/mo
Estimated Loan Balance
$127,449
Cash to close
$232,667
Interest Paid
$38,246

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Propane
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Pellet Stove
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
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: 2002
Details
  • Builder:

Community & HOA

Community
  • Subdivision: BUFFALO
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Buffalo
  • HOA Amenities: Unknown
  • HOA Fee: $250
  • HOA Frequency: $Annually
Location
  • Region: Merino

Financial Details

  • Price per Sqft: $270.06
  • Tax Annual Amount: $636.42
  • On Market Date: 2024-08-26T00:00:00.000Z
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 $232,667 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $232,667!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$117,333
Your Cash:$232,667
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$667/mo
Traditional @ 7.5%
$929/mo
You save $262/month ($3,141/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1017327

Listing From: recolorado

Last updated: 2025-01-30T18:11:16.000Z

© , 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

4.44%
7.15%

Principal & Interest

$667 /mo
$895 /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 $232,667 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $232,667!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$117,333
Your Cash:$232,667
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$667/mo
Traditional @ 7.5%
$929/mo
You save $262/month ($3,141/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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