Laura Jewett

Laura Jewett

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Closed

$780,000

($58,571 down)
FHA

11728 Octave Avenue, Lone Tree, CO 80134

3
3
2,763 sqft
PITI Monthly
$5,909.47 /mo

Listing courtesy of: Molly Petrelli, Compass - Denver

Assumed Rate

6.91%
7.15%

Principal & Interest

$4,819 /mo
$4,937 /mo

What's Special

SPACIOUS
MODERN
FIREPLACE
DECK
PATIO
LANDSCAPED

Why wait to build? This former model home is ready for you in the up-and-coming Lyric Community! The sellers imagined this as their long-term home, but a transfer to the east coast means a lucky opportunity for you. Lyric's city vibe and abundant open space bring a balance of convenience, energy and outdoor recreational opportunities. Completed in 2023, this single-family home boasts a spacious living area with modern design featuring 3 bedrooms, 2 full bathrooms, 1 half bathroom, 3rd floor laundry and a ground level bonus room perfect for a gym, second office or future bedroom. This flat corner lot has an upgraded extended, covered two-level deck for relaxation and entertaining in the custom landscaped, fenced backyard - complete with a hot-tub ready purpose-built footing and retaining wall! The extended EV-ready 2 car garage includes a carport with extra storage. This beautiful home showcases premium upgrades including Quantum fiber internet included with monthly HOA dues, a KitchenAid appliance package with 30" gas range, designer countertop, tile, and flooring package, and an elite kitchen cabinet package with tuxedo finish and upstairs laundry cabinet option. The home features a full-height fireplace tile surround with wrapping mantel, 8' door package throughout, and a barn door at the primary bath. The designer electrical and lighting package includes a 50 amp/240 volt receptacle in the garage for electric vehicle charging, 60" TV conduit with outlet and wall mount above the fireplace and mantel, and pre-wired kitchen island for 3 pendant lights with smart switch. Additional luxurious touches include a Cosmo gas fireplace, Rhinestone interior wall paint with extra white trim, composite granite sink, matte black pulldown Elite kitchen faucet and bath fixtures, gas port on the upper patio for grill, and a tankless water heater. A new regional park is coming soon just across the street and the community will include a pool, mini incline, parks and more!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.91
Remaining Loan Term
28 years, 6 months
Monthly PITI
$5,909.47/mo
Estimated Loan Balance
$722,090
Cash to close
$58,571
Interest Paid
$75,209

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Brick, Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Living Room
  • Flooring: Carpet, Tile, Vinyl

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition, Metal
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Contemporary
Materials
  • Brick, Frame
  • Roof: Composition, Metal
Condition
  • Year Built: 2023
Details
  • Builder: Shea Homes

Community & HOA

Community
  • Subdivision: Lyric
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Lyric Owner's Association
  • HOA Amenities: Unknown
  • HOA Fee: $240
  • HOA Frequency: $Monthly
Location
  • Region: Lone Tree

Financial Details

  • Price per Sqft: $282.3
  • Tax Annual Amount: $4273
  • On Market Date: 2025-01-09T00:00:00.000Z
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 $58,571 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $58,571!

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

Loan Breakdown

Assumed Mortgage6.91% Sellers Rate
$721,429
Your Cash$58,571
Total Purchase Price:$780,000

Assumed vs Traditional Mortgage

Assumed @ 6.91%
$4,819/mo
Traditional @ 7.5%
$4,938/mo
You save $119/month ($1,431/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6293823

Listing From: recolorado

Last updated: 2025-02-21T21:38:16.000Z

© , 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

6.91%
7.15%

Principal & Interest

$4,819 /mo
$4,937 /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 $58,571 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $58,571!

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

Loan Breakdown

Assumed Mortgage6.91% Sellers Rate
$721,429
Your Cash$58,571
Total Purchase Price:$780,000

Assumed vs Traditional Mortgage

Assumed @ 6.91%
$4,819/mo
Traditional @ 7.5%
$4,938/mo
You save $119/month ($1,431/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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