Laura Jewett

Laura Jewett

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Closed

$295,500

($7,987 down)
FHA

1226 Norwood Avenue, Colorado Springs, CO 80905

3
1
894 sqft
PITI Monthly
$1,736.33 /mo

Listing courtesy of: Aracely Arvizu, Equity Colorado Real Estate

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,301 /mo
$2,089 /mo

What's Special

SHOPPING
ENTERTAINMENT
FIREPLACE

Fantastic short sale opportunity nestled on the south end of Colorado Springs. This delightful ranch-style home featuring 3 bedrooms and 1 bathroom combines convenience with comfort. Step inside to find a warm and open living space, highlighted by a wood-burning fireplace that creates a perfect ambiance for chilly evenings. This home has a lot that is larger than most, if not all, in the neighborhood at 7,500 sq ft. This home features a sunroom located in the back as well as a large detached garage that fits 4 cars (rare in this neighborhood). Close to downtown, shopping, schools, restaurants and entertainment, making it a great spot for those who appreciate both tranquility and accessibility. STRICTLY SOLD AS-IS. Don’t miss the opportunity to make this rancher your own—schedule a showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,736.33/mo
Estimated Loan Balance
$322,449
Cash to close
$7,987
Interest Paid
$32,500

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Stone, Wood Siding
  • Roof: Architecural Shingle
Condition
  • Year Built: 1954
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Stratton Meadows
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $330.54
  • Tax Annual Amount: $799
  • On Market Date: 2024-11-18T00:00:00.000Z
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 $7,987 (3%)
You can enter any amount below - secondary financing will cover the difference if needed.
3%
$

You cover the entire equity of $7,987!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$287,513
Your Cash$7,987
Total Purchase Price:$295,500

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,301/mo
Traditional @ 7.5%
$2,167/mo
You save $866/month ($10,395/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4454368

Listing From: recolorado

Last updated: 2024-11-18T23:40:20.000Z

© , 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

$1,301 /mo
$2,089 /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 $7,987 (3%)
You can enter any amount below - secondary financing will cover the difference if needed.
3%
$

You cover the entire equity of $7,987!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$287,513
Your Cash$7,987
Total Purchase Price:$295,500

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,301/mo
Traditional @ 7.5%
$2,167/mo
You save $866/month ($10,395/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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