Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$539,000

($289,772 down)
FHA

315 S Race Street, Fountain, CO 80817

5
3
3,027 sqft
PITI Monthly
$1,756.35 /mo

Listing courtesy of: Trelora Realty Team, TRELORA Realty, Inc.

Assumed Rate

3.77%
7.15%

Principal & Interest

$1,279 /mo
$1,861 /mo

What's Special

MOVE-IN READY
EFFICIENT
RENTAL INCOME

This exclusive Property in the heart of downtown Fountain boasts two separate properties and a 4-car garage/workshop on a 1/3 of an acre of land. It is ideal for someone who wants to live in the main house (2,112 sq ft) and rent out the cottage (960 sq ft) to pay for the majority of their mortgage, provide an additional income, or for an investor who wants to use the properties as a great source of rental income. The 4-car garage/workshop has full electricity and is also categorized as mixed-use zoning, so you could run a little business out of there as well! Both properties are "move-in ready" with new flooring, new kitchen cabinets, new kitchen countertops, new paint, new ceiling lights, and a brand new Rheem Platinum water heater which is extremely energy efficient. The furnace is also new and was installed at the end of October 2021. This great property opportunity is next to an elementary school and a middle school. They've been used as rentals since 2019 and have been extremely effective rental properties, they have been continuously in high demand. Come and see this great opportunity property, ideal for a growing family or an investor alike! Listed with HomeRise.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.77
Remaining Loan Term
24 years, 6 months
Monthly PITI
$1,756.35/mo
Estimated Loan Balance
$255,060
Cash to close
$289,772
Interest Paid
$54,140

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Santa Fe
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fountain

Financial Details

  • Price per Sqft: $178.06
  • Tax Annual Amount: $1387
  • On Market Date: 2024-05-20T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $289,772 (54%)
You can enter any amount below - secondary financing will cover the difference if needed.
54%
$

You cover the entire equity of $289,772!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$249,228
Your Cash:$289,772
Total Purchase Price:$539,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$1,279/mo
Traditional @ 7.5%
$1,930/mo
You save $651/month ($7,813/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6895102

Listing From: recolorado

Last updated: 2024-10-21T17:21:16.000Z

© , 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

3.77%
7.15%

Principal & Interest

$1,279 /mo
$1,861 /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 $289,772 (54%)
You can enter any amount below - secondary financing will cover the difference if needed.
54%
$

You cover the entire equity of $289,772!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$249,228
Your Cash:$289,772
Total Purchase Price:$539,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$1,279/mo
Traditional @ 7.5%
$1,930/mo
You save $651/month ($7,813/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.