Laura Jewett

Laura Jewett

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Under Contract

$599,000

($269,473 down)
FHA

308 Sorrel Street, Wellington, CO 80549

3
2
1,658 sqft
PITI Monthly
$2,587.44 /mo

Listing courtesy of: Andrea Alles, C3 Real Estate Solutions, LLC

Assumed Rate

4.63%
7.15%

Principal & Interest

$1,894 /mo
$2,486 /mo

What's Special

FIREPLACE
WALK-IN CLOSET
DECK
COZY
TURNKEY

Assumable FHA loan available! Seller very motivated! This turnkey property sits on just under 3.5 acres on the outskirts of Wellington. Give yourself country living with easy access to town being only 8 minutes from I-25 and 12 minutes to Wellington and 20 minutes to Old Town Fort Collins! Bring your toys and your animals to this ranch style home that is fully fenced with some tasteful upgrades! This property is NOT connected to the costly Wellington town water system, offering a substantial cost savings on utilities. Electrical has been updated and the property offers a 220v in the gorgeous 30x40 shop. The home has an oversized 2 car garage with a workshop gives you tons of additional storage opportunity and places to play! The interior has been given all the upgrades you can think of - small and large! Light fixtures have been updated, new doors and trim, new window blinds, cabinets, countertops, LVP flooring, dishwasher, oven with a pasta filler and hood added. Not to mention the new soft close, Bloedorn custom cabinets in the kitchen, giving you tons of kitchen storage. The bedrooms are all sizable with huge walk-in closets. Stay cozy in the winter with the wood burning fireplace or enjoy the summer nights on the Southwest facing massive deck! In addition to the shop, the home has a shed in the back, currently used as a chicken coop. Brand new water heater! HOA is a road association. Property appraised for $635k in July.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.63
Remaining Loan Term
23 years, 7 months
Monthly PITI
$2,587.44/mo
Estimated Loan Balance
$330,765
Cash to close
$269,473
Interest Paid
$103,463

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Propane
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, Primary Bedroom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 8
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Composition
Condition
  • Year Built: 1985
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Horseman Hills
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Road Association only
  • HOA Amenities: Unknown
  • HOA Fee: $100
  • HOA Frequency: $Annually
Location
  • Region: Wellington

Financial Details

  • Price per Sqft: $361.28
  • Tax Annual Amount: $3196
  • On Market Date: 2024-09-27T00:00:00.000Z
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 $269,473 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $269,473!

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

Loan Breakdown

Assumed Mortgage4.63% Sellers Rate
$329,527
Your Cash$269,473
Total Purchase Price:$599,000

Assumed vs Traditional Mortgage

Assumed @ 4.63%
$1,894/mo
Traditional @ 7.5%
$2,579/mo
You save $685/month ($8,223/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1019586

Listing From: recolorado

Last updated: 2025-03-24T18:31:23.000Z

© , 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

4.63%
7.15%

Principal & Interest

$1,894 /mo
$2,486 /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 $269,473 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $269,473!

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

Loan Breakdown

Assumed Mortgage4.63% Sellers Rate
$329,527
Your Cash$269,473
Total Purchase Price:$599,000

Assumed vs Traditional Mortgage

Assumed @ 4.63%
$1,894/mo
Traditional @ 7.5%
$2,579/mo
You save $685/month ($8,223/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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