Laura Jewett

Laura Jewett

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Under Contract

$525,000

($29,072 down)
FHA

272 Castle Drive, Severance, CO 80550

5
4
2,935 sqft
PITI Monthly
$4,336.19 /mo

Listing courtesy of: Cindy Munoz, Redfin Corporation

Assumed Rate

7.07%
7.15%

Principal & Interest

$3,362 /mo
$3,389 /mo

What's Special

LOCATION
SHOPPING
DINING
WALK-IN CLOSET
FINISHED BASEMENT
HOME OFFICE
PATIO

Welcome to this exceptional home in the highly sought-after Overlook at Severance! Unlike others, this property features a finished basement and no neighbors to the side or rear, as it borders HOA community easements, offering unmatched privacy and tranquility. The inviting covered front porch leads to a grand foyer with soaring ceilings. The open-concept main level seamlessly blends the living room, dining area, and kitchen, creating the ideal space for entertaining. The kitchen boasts rich cabinetry, a large pantry, and a center island, while the dining room opens to a covered patio—perfect for enjoying Colorado’s indoor-outdoor lifestyle. A convenient half bath and oversized 3-car tandem garage round out the main level. Upstairs, the luxurious primary suite features a five-piece en-suite bath and a generous walk-in closet. Three additional bedrooms, a full bath, and a laundry room provide space for everyone. The finished basement offers a versatile bonus room, a non-conforming bedroom, and a half bath—ideal for a home office, guest space, or recreation. Step outside to a fully fenced backyard oasis with a covered patio, lush lawn, firepit area, shed, and a relaxing hot tub under a pergola—perfect for peaceful evenings under the stars. With its unique setting, upgraded features, and prime location near schools, shopping, and dining, this home offers unmatched value and lifestyle. Don’t miss your chance—schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
7.07
Remaining Loan Term
28 years, 6 months
Monthly PITI
$4,336.19/mo
Estimated Loan Balance
$496,365
Cash to close
$29,072
Interest Paid
$52,842

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame, Stone, Vinyl Siding, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Tile, Vinyl

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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, Stone, Vinyl Siding, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 2019
Details
  • Builder:

Community & HOA

Community
  • Subdivision: The Overlook at Severance
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Hunters Overlook Metro
  • HOA Amenities: Unknown
  • HOA Fee: $1103.4
  • HOA Frequency: $Annually
Location
  • Region: Severance

Financial Details

  • Price per Sqft: $178.88
  • Tax Annual Amount: $5421
  • On Market Date: 2024-12-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $29,072 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $29,072!

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

Loan Breakdown

Assumed Mortgage7.07% Sellers Rate
$495,928
Your Cash$29,072
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 7.07%
$3,362/mo
Traditional @ 7.5%
$3,390/mo
You save $28/month ($336/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8572277

Listing From: recolorado

Last updated: 2025-03-19T21:24:21.000Z

© , 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

7.07%
7.15%

Principal & Interest

$3,362 /mo
$3,389 /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 $29,072 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $29,072!

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

Loan Breakdown

Assumed Mortgage7.07% Sellers Rate
$495,928
Your Cash$29,072
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 7.07%
$3,362/mo
Traditional @ 7.5%
$3,390/mo
You save $28/month ($336/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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