Laura Jewett

Laura Jewett

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Closed

$419,900

($57,669 down)
FHA

1912 W Bijou Street, Colorado Springs, CO 80904

2
2
1,180 sqft
PITI Monthly
$2,191.23 /mo

Listing courtesy of: Paeleigh Reid, Reid Realty, Inc.

Assumed Rate

3.08%
7.15%

Principal & Interest

$1,665 /mo
$2,639 /mo

What's Special

HARDWOOD FLOORS
CHARMING

Don't miss out on this Old Colorado City duplex! Rare find in a prime area of Old Colorado City with Pikes Peak views and open area across the street! This charming rancher duplex has an excellent rental history. Keep one unit rented and occupy the other or cash flow the building with tenants in both sides of the property. One unit is occupied and rent in this unit is below market, which means an upside in rents for your buyers. This property has undergone recent renovations, including a newer roof, newer exterior paint, and current foundation and drainage mitigation by a licensed structural engineer and licensed contractors. Engineering report available upon request. Unit A (occupied) features a jetted tub, gas stove, wainscot in the bathroom, ceiling fans, six-panel doors, hardwood floors and a storage shed. Unit B (vacant) includes upgrades, such as wood floors. No problems with off-street parking here. This property has a large area parking and fenced rear yard space for tenants.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.08
Remaining Loan Term
26 years, 1 months
Monthly PITI
$2,191.23/mo
Estimated Loan Balance
$364,424
Cash to close
$57,669
Interest Paid
$45,234

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $355.85
  • Tax Annual Amount: $1199
  • On Market Date: 2024-10-03T00:00:00.000Z
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 $57,669 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $57,669!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$362,231
Your Cash$57,669
Total Purchase Price:$419,900

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,665/mo
Traditional @ 7.5%
$2,738/mo
You save $1,073/month ($12,880/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5147735

Listing From: recolorado

Last updated: 2025-01-02T15:38:16.000Z

© , 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

3.08%
7.15%

Principal & Interest

$1,665 /mo
$2,639 /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 $57,669 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $57,669!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$362,231
Your Cash$57,669
Total Purchase Price:$419,900

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,665/mo
Traditional @ 7.5%
$2,738/mo
You save $1,073/month ($12,880/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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