Laura Jewett

Laura Jewett

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Under Contract

$534,900

($297,349 down)
FHA

7445 Otis Street, Arvada, CO 80003

4
3
2,218 sqft
PITI Monthly
$1,723.63 /mo

Listing courtesy of: Troy Hansford Team, RE/MAX Professionals

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,134 /mo
$1,780 /mo

What's Special

LOCATION
DINING
SPACIOUS
GRANITE COUNTERTOPS
FIREPLACE
FINISHED BASEMENT
MATURE TREES
COZY

Fantastic home on a spacious oversized lot! The bright and sunny main level welcomes you with a formal living or dining room upon entry. The generous kitchen boasts abundant oak cabinetry, granite countertops, a convenient island for quick meals, and an informal dining space for family gatherings. Step down to the cozy lower-level family room, complete with a wood-burning fireplace—ideal for those chilly Colorado nights! A 3/4 bath on this level provides added convenience for guests. Upstairs, the primary suite features a private bath, while three additional bedrooms share a full hall bath. The partially finished basement includes a fifth bedroom and a utility room with a washer and dryer included. Recent updates include a newer furnace and a 50-gallon water heater installed in 2023! The backyard is a true retreat, with mature trees offering ample shade—perfect for summer barbecues and yard games. Two storage sheds provide plenty of space for tools, bikes, and more, while RV parking in the front complements the attached two-car garage. Enjoy an unbeatable location just minutes from Wadsworth’s shops, restaurants, and grocery stores, with easy access to the foothills and mountains. Don’t miss this incredible opportunity to own in the sought-after Highlands neighborhood!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 4 months
Monthly PITI
$1,723.63/mo
Estimated Loan Balance
$238,059
Cash to close
$297,349
Interest Paid
$36,994

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Wood Burning
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Full
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: Traditional
Materials
  • Brick, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Highlands
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Arvada

Financial Details

  • Price per Sqft: $241.16
  • Tax Annual Amount: $2835
  • On Market Date: 2025-03-28T00:00:00.000Z
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 $297,349 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $297,349!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$237,551
Your Cash:$297,349
Total Purchase Price:$534,900

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,134/mo
Traditional @ 7.5%
$1,846/mo
You save $712/month ($8,549/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4175341

Listing From: recolorado

Last updated: 2025-03-30T22:22:21.000Z

© , 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

3.16%
7.15%

Principal & Interest

$1,134 /mo
$1,780 /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 $297,349 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $297,349!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$237,551
Your Cash:$297,349
Total Purchase Price:$534,900

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,134/mo
Traditional @ 7.5%
$1,846/mo
You save $712/month ($8,549/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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