Laura Jewett

Laura Jewett

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Closed

$640,000

($353,926 down)
VA

1462 Sheep Ridge Road, Fairplay, CO 80440

3
3
1,856 sqft
PITI Monthly
$1,597.92 /mo

Listing courtesy of: Jeni Friedrich, Christie's International Real Estate Colorado- Summit Colorado

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,298 /mo
$2,064 /mo

What's Special

BREAKFAST NOOK
DECK
PATIO

Home Sweet Home - welcome to your mountain retreat, complete with private fishing, hiking trails, views and close proximity to Buena Vista and Breckenridge. This 1 acre lot is beautifully blanketed in snow and comes to life in summer, with lush aspens, grassy knolls, a fire pit for outdoor BBQs with friends and family. Warm Springs Ranch is a private, gated neighborhood that sits on a warm spring, and the upper pond is warm to the touch. Five ponds line the backside of the ranch with a larger one in the center that overlooks the protected wetlands. Forest Service lands encircle the ranch with BLM lands to the east, traversed by elk and antelope herds. A community center is home to the annual BBQ, potlucks, parties and the recently resurfaced Pickle Ball courts. Or if skiing, golf and resorts are more your thing, hop a free bus to Summit County in Fairplay, or Bustang will get you to the hot springs and river rafting in Buena Vista. This inviting home features wood floors, big windows, a pot belly wood stove and thoughtful layout with the primary en-suite bedroom on one end of the home with outdoor access. A second bedroom is also on the main level with a full bath steps away. An upper en-suite bedroom features a walk-out deck. The kitchen features slate floors, simple appliances and big windows to say hello to neighborhood deer and moose. A side breakfast nook provides ample space for entertaining. The open floor plan extends into a warm and welcoming living room. Outside, the stained concrete patio is perfect for summer gatherings. A heated workshop/garage holds all the toys and projects. This gated neighborhood sits on a community well where water quality is regulated by the State. Water quality results are published on the website. Nominal dues include water usage, trash, the community center, events, road maintenance, and stocking the ponds. Short-Term Rentals are permitted. If you've been dreaming of a simpler life in the mountains, this is your opportunity.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.06
Remaining Loan Term
26 years, 2 months
Monthly PITI
$1,597.92/mo
Estimated Loan Balance
$286,642
Cash to close
$353,926
Interest Paid
$34,427

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard, Hot Water, Propane
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, Living Room, Wood Burning Stove
  • Flooring: Stone, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Shared Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Mountain Contemporary
Materials
  • Wood Siding
  • Roof: Metal
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Warm Springs Ranch
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Warm Springs Ranch
  • HOA Amenities: Unknown
  • HOA Fee: $1680
  • HOA Frequency: $Annually
Location
  • Region: Fairplay

Financial Details

  • Price per Sqft: $344.83
  • Tax Annual Amount: $1594
  • On Market Date: 2024-02-28T00:00:00.000Z
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 $353,926 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $353,926!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$286,074
Your Cash:$353,926
Total Purchase Price:$640,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,298/mo
Traditional @ 7.5%
$2,141/mo
You save $843/month ($10,113/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3491614

Listing From: recolorado

Last updated: 2024-10-01T17:58:19.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,298 /mo
$2,064 /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 $353,926 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $353,926!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$286,074
Your Cash:$353,926
Total Purchase Price:$640,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,298/mo
Traditional @ 7.5%
$2,141/mo
You save $843/month ($10,113/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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