Laura Jewett

Laura Jewett

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$325,000

($115,669 down)
FHA

634 Pipsissewa Lane, Red Feather Lakes, CO 80545

2
1
864 sqft
PITI Monthly
$1,414.38 /mo

Listing courtesy of: Jackie Mihalchick, Insight Realty

Assumed Rate

2.89%
7.15%

Principal & Interest

$959 /mo
$1,558 /mo

What's Special

NO HOA

This lovely cabin has been used as a year round residence for most of its life. Its situated in the quaint Red Feather Village. This property also boasts NO HOA, unlike other surrounding communities. Here you're tucked away amongst the pines and aspen yet walking distance to the village, Ramona lake, post office, coffee shop, pizza place and hardware store. Here Moose, Bear and Deer are common visitors. The home features two sheds, a dry shed currently used as an art studio but could be converted to an ADU or Mother-in-law/bunkhouse with the other for storage, it has 2 RV hook ups a working two seater outhouse and flagstone area for a firepit when the seasons allows. It is perfect for your year round living or as your private retreat from the city. Where you can enjoy all the hiking and fishing you can imagine. With the 2 RV hook ups invite your friends up to unwind with you!! Cabin is serviced by a Septic Vault, and private well.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.89
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,414.38/mo
Estimated Loan Balance
$225,470
Cash to close
$115,669
Interest Paid
$28,057

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Unknown
  • Heating: Propane, Wood Stove
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Metal
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Frame
  • Roof: Metal
Condition
  • Year Built: 1962
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Ramona Heights
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Red Feather Lakes

Financial Details

  • Price per Sqft: $376.16
  • Tax Annual Amount: $1701
  • On Market Date: 2025-01-03T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $115,669 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $115,669!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$209,331
Your Cash$115,669
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$959/mo
Traditional @ 7.5%
$1,617/mo
You save $657/month ($7,888/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1023995

Listing From: recolorado

Last updated: 2025-02-27T00:02:21.000Z

© , 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

2.89%
7.15%

Principal & Interest

$959 /mo
$1,558 /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 $115,669 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $115,669!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$209,331
Your Cash$115,669
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$959/mo
Traditional @ 7.5%
$1,617/mo
You save $657/month ($7,888/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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