Laura Jewett

Laura Jewett

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Under Contract

$450,000

($191,873 down)
FHA

480 S Marion Parkway UNIT 1002, Denver, CO 80209

1
1
768 sqft
PITI Monthly
$1,691.55 /mo

Listing courtesy of: Martine Walker, eXp Realty, LLC

Assumed Rate

2.94%
7.15%

Principal & Interest

$1,197 /mo
$1,933 /mo

What's Special

REMODELED
LOCATION
DECK
BALCONY
FITNESS CENTER

Stunning condo in a fabulous location only a few steps from one of Denver's finest parks, Washington Park * Close to the shops and restaurants in both Cherry Creek North and Gaylord Street * Bright open floor plan * Kitchen has been remodeled and designed by a professional chef with lots of counter space and a big island to gather around * Perfect for entertaining * Being on the 10th floor the views of the park and mountains are wonderful, and it's peaceful being high above the hustle and bustle of the ground below * The balcony can be accessed from both the living room and the bedroom * Concierge desk as you enter the building * Community amenities include indoor and outdoor pools, fitness center, games room, library, sauna, courtyard with grills for barbecuing and a private event space with party rooms to rent for those special occasions * Reserved parking is available to rent * Storage unit is in the basement * Special assessments are all paid up and covered parking garage structural, the deck of the parking lot, new elevators and roof * Easy to maintain, security, community and convenient to pretty much everything you could want, this condo might fulfill your dreams!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 6 months
Monthly PITI
$1,691.55/mo
Estimated Loan Balance
$259,813
Cash to close
$191,873
Interest Paid
$36,045

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick, Concrete
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Indoor, Outdoor Pool

Construction

Type & Style
  • Stories:
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Brick, Concrete
  • Roof: Unknown
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Washington Park
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Park Lane Condominiums
  • HOA Amenities: Unknown
  • HOA Fee: $500
  • HOA Frequency: $Monthly
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $585.94
  • Tax Annual Amount: $1699
  • On Market Date: 2025-03-01T00:00:00.000Z
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 $191,873 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $191,873!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$258,127
Your Cash$191,873
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,197/mo
Traditional @ 7.5%
$2,005/mo
You save $808/month ($9,691/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC1910406

Listing From: recolorado

Last updated: 2025-03-22T18:37:20.000Z

© , 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

2.94%
7.15%

Principal & Interest

$1,197 /mo
$1,933 /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 $191,873 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $191,873!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$258,127
Your Cash$191,873
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,197/mo
Traditional @ 7.5%
$2,005/mo
You save $808/month ($9,691/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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