Laura Jewett

Laura Jewett

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Closed

$310,000

($43,925 down)
FHA

2487 Rainbow Drive UNIT C51, Denver, CO 80229

2
2
952 sqft
PITI Monthly
$1,685.65 /mo

Listing courtesy of: Joe Chimenti, NextHome Front Range

Assumed Rate

2.9%
7.15%

Principal & Interest

$1,185 /mo
$1,923 /mo

What's Special

INVESTORS
DINING
SPACIOUS
PATIO
PUBLIC TRANSPORTATION
CHARMING

**** SELLERS OFFERING TO PAY THE FIRST YEAR OF HOA DUES FOR BUYER***** ASSUMABLE 3% loan AVAILABLE!!! Mortgage with HOA is approximately $2400. This could save you Great opportunity to own a single-level townhouse at Devonshire Square! Step inside this charming end-unit to discover a bright & spacious living room that flows seamlessly into the dining area, complimented by a soft palette & laminated flooring. This well-thought-out layout promotes functionality & comfort for easy entertaining! The Galley kitchen features built-in appliances and overlooks the backyard. The primary bedroom hosts a private bathroom, bathed in natural light & paired with a plush carpet, the room boasts a warm ambiance for unwinding after a long day. The second bedroom has a sliding glass door that leads to the backyard. Laundry room inside for added convenience. Enjoy barbecuing on the weekends on the private patio. This perfectly located community offers multiple green areas and assigned parking. Close to schools, restaurants, public transportation, and easy access to i25, highway 36, and i70. Hurry & book a tour before it’s gone! i25, Great place for first time home buyers and investors looking to add to their portfolio.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.9
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,685.65/mo
Estimated Loan Balance
$280,072
Cash to close
$43,925
Interest Paid
$27,197

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Carpet, Laminate, Tile

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1975
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Devonshire Square
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Devonshire Square HOA
  • HOA Amenities: Unknown
  • HOA Fee: $482
  • HOA Frequency: $Monthly
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $325.63
  • Tax Annual Amount: $1785
  • On Market Date: 2024-10-24T00:00:00.000Z
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 $43,925 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $43,925!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$266,075
Your Cash$43,925
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,185/mo
Traditional @ 7.5%
$1,995/mo
You save $810/month ($9,716/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5447394

Listing From: recolorado

Last updated: 2025-03-19T00:01:33.000Z

© , 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

2.9%
7.15%

Principal & Interest

$1,185 /mo
$1,923 /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 $43,925 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $43,925!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$266,075
Your Cash$43,925
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,185/mo
Traditional @ 7.5%
$1,995/mo
You save $810/month ($9,716/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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