Laura Jewett

Laura Jewett

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Closed

$493,000

($88,354 down)
VA

1416 Mount Elbert Drive, Leadville, CO 80461

3
1
912 sqft
PITI Monthly
$2,950.9 /mo

Listing courtesy of: Stephanie McBride, Stephanie McBride

Assumed Rate

6.11%
7.15%

Principal & Interest

$2,526 /mo
$2,812 /mo

What's Special

SPACIOUS
COZY

Welcome to the mountains! This well kept, cozy home is ready to welcome you to make Lake County home! The new siding gives the home incredible curb appeal, while the new water and new furnace make the home perfectly comfortable. Don't forget to snuggle up with the a good book in the bay window that brings in marvelous mountain sunshine. The extra storage and garage make storage and winter weather protection a breeze. Your furry friends will have all they need in the spacious, fenced backyard. This home is ready for you to make it home!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.11
Remaining Loan Term
27 years, 7 months
Monthly PITI
$2,950.9/mo
Estimated Loan Balance
$415,137
Cash to close
$88,354
Interest Paid
$60,600

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
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, Vinyl Siding
  • Roof: Composition
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

Community
  • Subdivision: West Park
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Leadville

Financial Details

  • Price per Sqft: $540.57
  • Tax Annual Amount: $3101
  • On Market Date: 2025-01-28T00:00:00.000Z
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 $88,354 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $88,354!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$404,646
Your Cash$88,354
Total Purchase Price:$493,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,526/mo
Traditional @ 7.5%
$2,917/mo
You save $391/month ($4,694/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8878738

Listing From: recolorado

Last updated: 2025-03-19T20:32:22.000Z

© , 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

6.11%
7.15%

Principal & Interest

$2,526 /mo
$2,812 /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 $88,354 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $88,354!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$404,646
Your Cash$88,354
Total Purchase Price:$493,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,526/mo
Traditional @ 7.5%
$2,917/mo
You save $391/month ($4,694/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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