Laura Jewett

Laura Jewett

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

$599,000

($476,111 down)
FHA

3240 N Madison Street, Denver, CO 80205

3
2
1,420 sqft
PITI Monthly
$1,374.9 /mo

Listing courtesy of: Bobby Reginelli, MODUS Real Estate

Assumed Rate

3.5%
7.15%

Principal & Interest

$768 /mo
$1,155 /mo

What's Special

INVESTORS
REMODELED
SPACIOUS
MODERN
FENCED YARD
CLOSE TO HIGHWAYS
HISTORIC
CHARMING

Welcome to 3238-3240 Madison Street, a charming mid-century styled brick duplex in the heart of Denver. This listing is for both units of this duplex which offers the perfect investment potential for first time buyers and experienced investors alike. The upstairs 2 bed, 1 bath unit is available for immediate move in and is recently remodeled. Newer double pane windows, new paint, new lights, modern bathroom, newer appliances and a great layout. The garden level 1 bed, 1 bath unit is currently leased for $1500/month until February 2025 and has its own separate front entrance. There is a shared laundry/utility room with washer/dryer in the basement and extra storage for both units. The roof was just recoated in 2024, brand new water heater installed and a new central air conditioner. The sewer line has been updated to PVC. Step outside into your spacious backyard on this nearly 8000sqft lot! There is so much room for expansion and the potential to build a garage or ADU(s). The full fenced yard also has so many amazing spaces for gardening and includes a large shed for all your tools/toys. There is a gate off the alley which allows you to park up to 6 vehicles including large RVs, boats, etc. in the yard. Secure fencing all around the property provides a haven for furry friends and lots of space to entertain. Close to highways, coffee shops, parks, great restaurants, City Park Golf Course and so much charm in the historic Clayton neighborhood. Not often does a property with so much potential come onto the market at a price below $600k. Offset your mortgage payment or perhaps even live for free. Financing incentives available. Please reach out to listing agent Bobby Reginelli for details. While the upstairs two bedroom unit is vacant and available to show anytime, we have arranged for a 1 hour period to show both units at our OPEN HOUSE this Saturday, November 16 from 11am - 12pm Set up your showing today. This property won’t last long.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.5
Remaining Loan Term
17 years, 8 months
Monthly PITI
$1,374.9/mo
Estimated Loan Balance
$125,721
Cash to close
$476,111
Interest Paid
$63,906

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Concrete, Linoleum, Tile, Vinyl

Exterior

Fencing
  • Fencing: Full, Partial
Roof
  • Roof: Fiberglass, Rolled/Hot Mop, Tar/Gravel
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Duplex
  • Architectural Style: Mid-Century Modern
Materials
  • Brick
  • Roof: Fiberglass, Rolled/Hot Mop, Tar/Gravel
Condition
  • Year Built: 1945
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Clayton
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $421.83
  • Tax Annual Amount: $3834
  • On Market Date: 2024-11-15T00:00:00.000Z
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 $476,111 (79%)
You can enter any amount below - secondary financing will cover the difference if needed.
79%
$

You cover the entire equity of $476,111!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$122,889
Your Cash:$476,111
Total Purchase Price:$599,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$768/mo
Traditional @ 7.5%
$1,198/mo
You save $430/month ($5,160/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5629319

Listing From: recolorado

Last updated: 2024-12-16T20:01:17.000Z

© , 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

3.5%
7.15%

Principal & Interest

$768 /mo
$1,155 /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 $476,111 (79%)
You can enter any amount below - secondary financing will cover the difference if needed.
79%
$

You cover the entire equity of $476,111!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$122,889
Your Cash:$476,111
Total Purchase Price:$599,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$768/mo
Traditional @ 7.5%
$1,198/mo
You save $430/month ($5,160/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.