Laura Jewett

Laura Jewett

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Under Contract

$190,000

($190,000 down)
FHA

511 N Petroleum Avenue, Florence, CO 81226

2
1
792 sqft
PITI Monthly
$1,367.79 /mo

Listing courtesy of: Joseph Schriner, eXp Realty, LLC

Assumed Rate

%
7.15%

Principal & Interest

$1,024 /mo
$1,540 /mo

What's Special

RENOVATED
CHARMING
COZY

Back on the market through no fault of the seller. This adorable 792 square foot cottage has recently been renovated. Built in 1900 it is charming and cozy. It comes with all appliances and has designer touches with turn of the century charm. Nestled in the heart of Florence, Co it is blocks from the Arkansas River, the town park with a swimming pool and play ground, Main street with antique shops, coffee and cafe's, grocery store and Library. Sitting on a large lot it has a studio (needs TLC to make it your own) a small garage and a larger storage unit. Fully fenced. New paint both inside and out, new and old flooring for that old world charm. It is on town water. Electric baseboard heat. Chandeliers. A sweet new beginning. It has passed an inspection and an FHA Appraisal inspectiion for $195K.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
Remaining Loan Term
29 years, 9 months
Monthly PITI
$1,367.79/mo
Estimated Loan Balance
$240,016
Cash to close
$190,000
Interest Paid
$0

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard, Electric
Features
  • Materials: Concrete, Frame, Other, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: Bungalow, Cottage
Materials
  • Concrete, Frame, Other, Stucco
  • Roof: Metal
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Homestead Park Add
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Florence

Financial Details

  • Price per Sqft: $239.9
  • Tax Annual Amount: $392.72
  • On Market Date: 2025-02-06T00:00:00.000Z
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 $190,000 (100%)
You can enter any amount below - secondary financing will cover the difference if needed.
100%
$

You cover the entire equity of $190,000!

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

Loan Breakdown

Assumed Mortgage% Sellers Rate
$0
Your Cash:$190,000
Total Purchase Price:$190,000

Assumed vs Traditional Mortgage

Assumed @ %
$1,024/mo
Traditional @ 7.5%
$1,540/mo
You save $516/month ($6,197/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6743420

Listing From: recolorado

Last updated: 2025-03-27T01:13:20.000Z

© , 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

%
7.15%

Principal & Interest

$1,024 /mo
$1,540 /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 $190,000 (100%)
You can enter any amount below - secondary financing will cover the difference if needed.
100%
$

You cover the entire equity of $190,000!

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

Loan Breakdown

Assumed Mortgage% Sellers Rate
$0
Your Cash:$190,000
Total Purchase Price:$190,000

Assumed vs Traditional Mortgage

Assumed @ %
$1,024/mo
Traditional @ 7.5%
$1,540/mo
You save $516/month ($6,197/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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