Laura Jewett

Laura Jewett

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

$385,000

($71,895 down)
FHA

40555 Funk Road, Ramah, CO 80832

3
2
1,120 sqft
PITI Monthly
$2,463.36 /mo

Listing courtesy of: Tasha Teegardin, Teegardin Realty and Investment Company

Assumed Rate

6.27%
7.15%

Principal & Interest

$1,969 /mo
$2,155 /mo

What's Special

SPACIOUS
VAULTED CEILINGS
COZY

Are you looking for amazing sunrises, sunsets or the most stars you have ever seen? This cozy home sits on 40acres and includes a huge 40x80 3200sf shop, the fully fenced 20 acres in the back would be great for cattle, horses or other animals and views of the Peak do catch your eye. This home has been updated with new doors, drywall, crown molding, paint, new trim and beautiful flooring. Entering the home from the back you will have space to remove your shoes and hang your coat. The master is the first bedroom on the east side of the house which offers a clean attached 3/4 bathroom. Walking through the home you are first greeted by the lovely open kitchen and its huge island. All kitchen appliances are included, Refrigerator, Double Oven, Microwave and Dishwasher. The kitchen overlooks the spacious living room with vaulted ceilings. Down the hall you will find the bedroom that was made into an office/dog room(could be converted back to a bedroom.) This room is made for you pet lovers. It includes a dog door to the dog run right outside, this is a perfect space for your fur animals. This office would be perfect for those who work from home or a great craft room. Current flooring in the office will be replaced with similar flooring throughout the home prior to closing. Further down the hall is a full bath and bedroom on the west end of the home. Outside, you have 40 private glorious acres to enjoy. There is also a nice sized dog run between the home and shop. Entering the shop you will first notice the garage area. Garage door allows for vehicle access or toy storage. The back of the shop is perfect for those large projects and storage. Additional outdoor storage area is also framed in off the back of the shop. Three sides of the property are fenced but the entire back 20 acres is fully fenced. Just one hour from Colorado Springs, Fountain or anywhere in-between. 20mins to Woolseys Food Center or 30mins to Falcon. Come and explore this outstanding property.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.27
Remaining Loan Term
28 years, 0 months
Monthly PITI
$2,463.36/mo
Estimated Loan Balance
$326,315
Cash to close
$71,895
Interest Paid
$39,565

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Propane
Features
  • Materials: Other
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: Fenced Pasture, Partial
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Shared Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Other
  • Roof: Composition
Condition
  • Year Built: 2017
Details
  • Builder:

Community & HOA

Community
  • Subdivision: unknown
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Ramah

Financial Details

  • Price per Sqft: $343.75
  • Tax Annual Amount: $1420
  • On Market Date: 2024-05-02T00:00:00.000Z
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 $71,895 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $71,895!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$313,105
Your Cash$71,895
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$1,969/mo
Traditional @ 7.5%
$2,156/mo
You save $187/month ($2,243/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC1565539

Listing From: recolorado

Last updated: 2025-02-12T19:23:16.000Z

© , 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

6.27%
7.15%

Principal & Interest

$1,969 /mo
$2,155 /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 $71,895 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $71,895!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$313,105
Your Cash$71,895
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$1,969/mo
Traditional @ 7.5%
$2,156/mo
You save $187/month ($2,243/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.