Laura Jewett

Laura Jewett

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Closed

$489,000

($151,440 down)
VA

1214 N Franklin Street, Colorado Springs, CO 80903

2
1
924 sqft
PITI Monthly
$1,801.76 /mo

Listing courtesy of: Trelora Realty Team, TRELORA Realty, Inc.

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,512 /mo
$2,428 /mo

What's Special

REMODELED
DINING
MODERN
FIREPLACE
PATIO
HISTORIC
COZY

Welcome to this gorgeous single-family, ranch-style home in the historic and sought-after Old North End Neighborhood! Your future home offers 2 Bedrooms and 1 bathroom, original hardwood flooring and Craftsman Trim throughout! Covered front porch welcomes you to a Living Room with cozy fireplace, a formal Dining Room, and a remodeled Kitchen. The kitchen features high-end light wood custom cabinetry as well as beautiful custom porcelain countertops with decorative subway tile backsplash, oversized modern tile floors, and stainless-steel appliances with a gas range and a large farmhouse sink. The bathroom is updated with a large walk-in shower and decorative surround tile and floors. Newer windows and roof, newer HVAC and hot water heater, whole home water filtration system recently added, and well-insulated concrete walls and ceiling fans keep the home cool in the summer and warm in the winter! New stairs leading to the basement, which has new floor trusses and lots of storage—the crawl space walls have been reinforced and replaced! Fenced back yard has a flagstone patio and extended driveway with a carriage house/small garage with electricity, 220v and lighting, with beautiful barn-style doors. Won’t last long! Call now to schedule your personal showing!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,801.76/mo
Estimated Loan Balance
$397,936
Cash to close
$151,440
Interest Paid
$37,774

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Other
  • Heating: Forced Air
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Other
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
  • Frame, Stucco
  • Roof: Other
Condition
  • Year Built: 1934
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Columbia Add Colo Spgs
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $529.22
  • Tax Annual Amount: $1480
  • On Market Date: 2024-05-16T00:00:00.000Z
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 $151,440 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $151,440!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$337,560
Your Cash$151,440
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,512/mo
Traditional @ 7.5%
$2,519/mo
You save $1,007/month ($12,081/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2629452

Listing From: recolorado

Last updated: 2024-10-01T18:04:01.000Z

© , 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

2.98%
7.15%

Principal & Interest

$1,512 /mo
$2,428 /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 $151,440 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $151,440!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$337,560
Your Cash$151,440
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,512/mo
Traditional @ 7.5%
$2,519/mo
You save $1,007/month ($12,081/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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