Laura Jewett

Laura Jewett

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Closed

$310,000

($63,561 down)
FHA

538 W 1st Street, Loveland, CO 80537

1
1
475 sqft
PITI Monthly
$1,550.22 /mo

Listing courtesy of: Stephanie Zambo, Coldwell Banker Realty- Fort Collins

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,115 /mo
$1,791 /mo

What's Special

LOCATION
SERENE
SPACIOUS
COZY
NO HOA

First American Premier Warranty being offered! For adventurers, this property is a dream with plenty of space to park and hook up your RV or travel van/trailer to the easily accessible 220V outlet in the garage and NO HOA! Water heater replaced in 2020 and all appliances in 2021. This unique property easily outcompetes condos with high HOA's and finance-ability issues.Nestled in the heart of downtown Loveland, this delightful bungalow offers a rare combination of charm, location, and versatility. Situated on a spacious lot that backs to a serene canal with views of a natural area, this home is a peaceful retreat while being just blocks from all the amenities downtown has to offer.Inside, you'll find cozy, light-filled living spaces. Do not let the square footage fool you, the layout seamlessly flows between the living room, kitchen and bedroom. Step outside and discover the true gem of this property: the oversized lot backing to the Loveland/Greeley canal. The large lot also offers ample space for outdoor activities, gardening, future expansion and plenty of off street parking. BONUS, there is also a fully insulated outdoor studio with electrical that can act as a art studio or private hobby shed. This home does not lack storage with two additional sheds and a fully enclosed garage area. Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.98
Remaining Loan Term
26 years, 5 months
Monthly PITI
$1,550.22/mo
Estimated Loan Balance
$249,430
Cash to close
$63,561
Interest Paid
$27,250

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • 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: Unknown
Materials
  • Wood Frame
  • Roof: Composition
Condition
  • Year Built: 1951
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Grubbs
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Loveland

Financial Details

  • Price per Sqft: $652.63
  • Tax Annual Amount: $1171
  • On Market Date: 2024-11-18T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $63,561 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $63,561!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$246,439
Your Cash$63,561
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,115/mo
Traditional @ 7.5%
$1,857/mo
You save $742/month ($8,910/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1022429

Listing From: recolorado

Last updated: 2025-03-13T15:31:20.000Z

© , 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

2.98%
7.15%

Principal & Interest

$1,115 /mo
$1,791 /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 $63,561 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $63,561!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$246,439
Your Cash$63,561
Total Purchase Price:$310,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,115/mo
Traditional @ 7.5%
$1,857/mo
You save $742/month ($8,910/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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