Laura Jewett

Laura Jewett

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Closed

$159,900

($97,848 down)
FHA

3591 McDowell Drive, Como, CO 80432

3
2
1,824 sqft
PITI Monthly
$948.92 /mo

Listing courtesy of: Blake Minger, HomeSmart Realty

Assumed Rate

4.04%
7.15%

Principal & Interest

$612 /mo
$862 /mo

What's Special

INVESTORS
SPACIOUS
MODERN
MOUNTAIN VIEWS
CHARMING

Huge Price Reduction!! Seller's need the house sold ASAP. Back on market for no fault of sellers. Home was never inspected. You aren't likely to see a house in this price range ever again. Call agent for details. First-time homebuyers and investors, don't miss this incredible opportunity! This charming 3-bedroom, ranch-style log cabin is a true diamond in the rough. With a bit of effort, it can offer significant equity gains for a savvy investor. The home features a desirable open floor plan that blends rustic cabin charm with modern design. Situated on a spacious 4.61-acre lot of flat, usable land, a mix of grassland and trees, this property provides ample space for outdoor activities. Enjoy some of the most breathtaking mountain views in the area. This property is priced for investors and will not last long at this price point. Being sold AS IS, it's a perfect opportunity for cash buyers to act quickly. Don't hesitate—submit your cash offer today before it's gone!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.04
Remaining Loan Term
19 years, 8 months
Monthly PITI
$948.92/mo
Estimated Loan Balance
$103,119
Cash to close
$97,848
Interest Paid
$47,886

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Wood Stove
Features
  • Materials: Log
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Wood Burning Stove
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Log
  • Roof: Metal
Condition
  • Year Built: 1983
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Buffalo
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Buffalo
  • HOA Amenities: Unknown
  • HOA Fee: $25
  • HOA Frequency: $Annually
Location
  • Region: Como

Financial Details

  • Price per Sqft: $87.66
  • Tax Annual Amount: $1154
  • On Market Date: 2024-07-16T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $97,848 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $97,848!

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

Loan Breakdown

Assumed Mortgage4.04% Sellers Rate
$62,053
Your Cash:$97,848
Total Purchase Price:$159,900

Assumed vs Traditional Mortgage

Assumed @ 4.04%
$612/mo
Traditional @ 7.5%
$894/mo
You save $282/month ($3,383/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC3114711

Listing From: recolorado

Last updated: 2024-10-01T17:11:18.000Z

© , 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

4.04%
7.15%

Principal & Interest

$612 /mo
$862 /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 $97,848 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $97,848!

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

Loan Breakdown

Assumed Mortgage4.04% Sellers Rate
$62,053
Your Cash:$97,848
Total Purchase Price:$159,900

Assumed vs Traditional Mortgage

Assumed @ 4.04%
$612/mo
Traditional @ 7.5%
$894/mo
You save $282/month ($3,383/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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