Laura Jewett

Laura Jewett

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Closed

$399,950

($165,556 down)
FHA

5802 Magnolia Street, Commerce City, CO 80022

2
1
720 sqft
PITI Monthly
$1,367.02 /mo

Listing courtesy of: Michael Ratner, HomeSmart Realty Group Lvld

Assumed Rate

2.84%
7.15%

Principal & Interest

$1,039 /mo
$1,699 /mo

What's Special

REMODELED
MOTIVATED SELLER

Great ranch styled home on a corner lot with detached garage. Perfect for starting out in home ownership or for someone needing to downsize after the family has moved away. Oversized 2 car garage with adjacent shed and extended rv parking. 220V outlet installed in garage for shop equipment. Brand new roof and gutters, grade 4 shingles/ hail resistant. Recently remodeled park across the street with exercise equipment built into the park. 1 block away is a water park, baseball fields, and batting cages. 7 minute drive to northfield marketplace with multiple shops and restaurants. 2 minute walk to rosehill elementary. Excellent financing option available = Below market interest rate! Please inquire!! Motivated seller, offers welcome!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,367.02/mo
Estimated Loan Balance
$237,752
Cash to close
$165,556
Interest Paid
$23,518

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

Community
  • Subdivision: LEEMASTER
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Commerce City

Financial Details

  • Price per Sqft: $555.49
  • Tax Annual Amount: $
  • On Market Date: 2024-12-07T00:00:00.000Z
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 $165,556 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $165,556!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$234,394
Your Cash$165,556
Total Purchase Price:$399,950

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,039/mo
Traditional @ 7.5%
$1,762/mo
You save $723/month ($8,679/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1023214

Listing From: recolorado

Last updated: 2025-02-25T06:21:16.000Z

© , 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

2.84%
7.15%

Principal & Interest

$1,039 /mo
$1,699 /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 $165,556 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $165,556!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$234,394
Your Cash$165,556
Total Purchase Price:$399,950

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,039/mo
Traditional @ 7.5%
$1,762/mo
You save $723/month ($8,679/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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