Laura Jewett

Laura Jewett

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Closed

$705,000

($331,526 down)
FHA

1954 Platte Drive, Fairplay, CO 80440

2
1
1,440 sqft
PITI Monthly
$2,519.1 /mo

Listing courtesy of: Danielle Farness, eXp Realty, LLC

Assumed Rate

3.23%
7.15%

Principal & Interest

$1,782 /mo
$2,772 /mo

What's Special

LOCATION
DINING
LUXURY
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
DECK
MOUNTAIN VIEWS

Perfectly situated on 10 acres of private land, this well-maintained 2-bedroom, 1-bathroom home offers the perfect balance of tranquility and convenience, just minutes from town and highways. The open living and dining area flows seamlessly into a gourmet kitchen featuring stainless steel appliances and granite countertops with additional seating. Enjoy breathtaking mountain views from the wraparound deck, ideal for outdoor entertaining or relaxing in the hot tub. With a 3-bedroom septic system in place, there’s room for opportunity to expand. New luxury vinyl plank flooring installed this year, home and wraparound deck freshly stained in 2023, and the 1 car garage/shed freshly stained in 2024. Minutes to fishing, national forest and trail access. Whether you're looking for a peaceful weekend retreat or a place to grow, this property offers endless possibilities in a prime location!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.23
Remaining Loan Term
25 years, 3 months
Monthly PITI
$2,519.1/mo
Estimated Loan Balance
$448,851
Cash to close
$331,526
Interest Paid
$59,913

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Propane
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Great Room
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 2012
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Metes and Bounds
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fairplay

Financial Details

  • Price per Sqft: $489.58
  • Tax Annual Amount: $2760.01
  • On Market Date: 2024-09-20T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $331,526 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $331,526!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$373,474
Your Cash$331,526
Total Purchase Price:$705,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$1,782/mo
Traditional @ 7.5%
$2,875/mo
You save $1,094/month ($13,124/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4026635

Listing From: recolorado

Last updated: 2025-01-07T19:17:16.000Z

© , 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

3.23%
7.15%

Principal & Interest

$1,782 /mo
$2,772 /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 $331,526 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $331,526!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$373,474
Your Cash$331,526
Total Purchase Price:$705,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$1,782/mo
Traditional @ 7.5%
$2,875/mo
You save $1,094/month ($13,124/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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