Laura Jewett

Laura Jewett

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$199,987

($104,368 down)
FHA

48 Elm Street, Arriba, CO 80804

5
1
1,902 sqft
PITI Monthly
$844.64 /mo

Listing courtesy of: Robert Baker, 1 Source Realty Inc

Assumed Rate

4.55%
7.15%

Principal & Interest

$550 /mo
$729 /mo

What's Special

SPACIOUS
MODERN
HISTORIC

Historic Creel House + Blue Ribbon Home Warranty! Timeless Charm Meets Modern Comfort – A Rare Find! Step into a beautifully updated 5-bedroom, 1-bathroom home that blends historic character with modern convenience. Featuring 1,902 finished sq. ft., this spacious two-story home is designed for both comfort and function. The main level boasts a bright and inviting living space, a bedroom for easy accessibility, an inviting kitchen with updated flooring. New carpeting, windows, siding, and refinished wood flooring add fresh appeal while preserving the home's original charm. Gorgeous wood trim and built-ins showcase the craftsmanship of a bygone era, while the durable metal roof ensures lasting protection. Sitting on a 0.40-acre corner lot, this property offers ample outdoor space for gardening, entertaining, or simply enjoying the peaceful small-town setting. Two detached 2-car garages provide excellent storage, with one fully insulated and drywalled for use as a workshop—perfect for hobbies or extra workspace. Beyond the home’s beauty, this is a true piece of Arriba’s history. Built by Charles A. Creel, one of the town’s founding figures, this home was part of Arriba’s early development, representing a legacy of craftsmanship and community. To make your move even less stressful the home comes with a 1-year Blue Ribbon Home Warranty for added peace of mind. Don’t miss your chance to own a historic treasure with modern comforts. Schedule your showing today and become part of the legacy that is the Historic Creel House!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.55
Remaining Loan Term
23 years, 6 months
Monthly PITI
$844.64/mo
Estimated Loan Balance
$95,807
Cash to close
$104,368
Interest Paid
$30,172

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Concrete, Frame, Metal Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Laminate, Linoleum, Tile, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • 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: Traditional
Materials
  • Concrete, Frame, Metal Siding
  • Roof: Metal
Condition
  • Year Built: 1907
Details
  • Builder:

Community & HOA

Community
  • Subdivision: No Mans Land
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Arriba

Financial Details

  • Price per Sqft: $105.15
  • Tax Annual Amount: $812
  • On Market Date: 2025-01-30T00:00:00.000Z
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 $104,368 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $104,368!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$95,619
Your Cash:$104,368
Total Purchase Price:$199,987

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$550/mo
Traditional @ 7.5%
$757/mo
You save $206/month ($2,475/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC5987636

Listing From: recolorado

Last updated: 2025-03-07T15:47:20.000Z

© , 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

4.55%
7.15%

Principal & Interest

$550 /mo
$729 /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 $104,368 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $104,368!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$95,619
Your Cash:$104,368
Total Purchase Price:$199,987

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$550/mo
Traditional @ 7.5%
$757/mo
You save $206/month ($2,475/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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