Laura Jewett

Laura Jewett

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$735,000

($354,352 down)
FHA

612 Sheep Ridge Road, Fairplay, CO 80440

4
2
1,736 sqft
PITI Monthly
$2,904.04 /mo

Listing courtesy of: Angela Mills, Mills Mountain Real Estate

Assumed Rate

5.23%
7.15%

Principal & Interest

$2,186 /mo
$2,680 /mo

What's Special

SHOPPING
DINING
MODERN
DECK
MOUNTAIN VIEWS
CHARMING
COZY
RENTAL INCOME

Welcome to your Colorado mountain escape! Tucked away on 1.25 acres in the desirable Warm Springs subdivision, this charming 4-bed, 2-bath home offers the perfect blend of cozy comfort, modern updates, and unbeatable mountain views in every direction. Just 30 minutes from Breckenridge and close to all the charm and outdoor adventure Fairplay has to offer, this property is ideal as a full-time residence, vacation retreat, or short-term rental investment. Inside, you’ll be welcomed by a bright, open floorplan designed for easy mountain living. The kitchen is inviting and functional, featuring modern appliances and abundant cabinet space—perfect for storing everything from pantry staples to cookware and small appliances. The main level flows effortlessly from the kitchen to the dining area and living room. Just off the dining space, step out onto the wrap-around deck, where you can sip morning coffee, entertain guests, or unwind while taking in the panoramic mountain views. This level also features two sun-filled bedrooms and a full bathroom, providing convenient accommodations for guests. You'll also enjoy radiant floor heating in the kitchen and bathrooms. Downstairs, the walk-out basement boasts the primary suite with bathroom, plus an additional bedroom and a separate entrance—ideal for hosting guests, multi-generational living, or generating rental income. Outside, enjoy the tranquility of your private walking path, complete with a bench where you can sit, relax, and take in the peaceful surroundings. A detached garage offers ample storage for gear, tools, or outdoor toys. Located in a quiet, friendly mountain community, this home offers easy access to world-class skiing, fishing, hiking, and local dining and shopping. Warms Springs has 7 ponds that are filled with fish and no fishing license. Whether you're seeking a mountain lifestyle, a getaway to share with others, or a savvy real estate investment, this home offers a rare opportunity to have it all.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.23
Remaining Loan Term
27 years, 3 months
Monthly PITI
$2,904.04/mo
Estimated Loan Balance
$381,696
Cash to close
$354,352
Interest Paid
$55,973

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard, Electric, Propane, Wood Stove
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Free Standing, Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Shared Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Mountain Contemporary
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 1996
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Warm Springs
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Warm Springs
  • HOA Amenities: Unknown
  • HOA Fee: $1680
  • HOA Frequency: $Annually
Location
  • Region: Fairplay

Financial Details

  • Price per Sqft: $423.39
  • Tax Annual Amount: $2639
  • On Market Date: 2025-03-25T00:00:00.000Z
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 $354,352 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $354,352!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$380,648
Your Cash$354,352
Total Purchase Price:$735,000

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$2,186/mo
Traditional @ 7.5%
$2,780/mo
You save $594/month ($7,125/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC9351128

Listing From: recolorado

Last updated: 2025-03-26T17:42:21.000Z

© , 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

5.23%
7.15%

Principal & Interest

$2,186 /mo
$2,680 /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 $354,352 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $354,352!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$380,648
Your Cash$354,352
Total Purchase Price:$735,000

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$2,186/mo
Traditional @ 7.5%
$2,780/mo
You save $594/month ($7,125/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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