Laura Jewett

Laura Jewett

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Closed

$370,000

($50,823 down)
FHA

745 K Street, Penrose, CO 81240

3
1
1,152 sqft
PITI Monthly
$2,537.09 /mo

Listing courtesy of: Adrienne Herzog, LPT Realty

Assumed Rate

6.54%
7.15%

Principal & Interest

$2,057 /mo
$2,188 /mo

What's Special

MINUTES AWAY
SHOPPING
MODERN
FIREPLACE
PLAYGROUND
COZY
SOLAR PANELS

Discover a tranquil ranch retreat on 5 acres in Penrose, where upgrades and modern amenities blend seamlessly with rustic charm. This property is a haven of peace, featuring a newer impact-resistant roof and brand-new gutters, ensuring durability and protection. The freshly painted interiors exude a welcoming atmosphere, enhanced by the warmth of wood laminate flooring and a cozy wood-burning fireplace in the living room—perfect for chilly evenings. This home is equipped with paid-off solar panels, providing an eco-friendly and cost-effective energy solution. The central air conditioning keeps the home cool and comfortable during the warmer months. Thoughtful updates include new plumbing to the septic system, a new toilet, bathroom flooring, and mostly new outlets, light switches, and light fixtures inside and out. Enjoy the convenience of municipal water for the house and spigot, along with 5 water shares for irrigating the acreage during the growing season. The property is well-suited for animal lovers, featuring new fencing around two separate pastures, a large lean-to animal shelter, a chicken coop, and a storage shed. The entire back acreage is securely fenced with barbed wire, making it ideal for livestock. The pear trees and playground add a touch of country charm to the outdoor space. Heat and hot water are powered by propane, while everything else is powered by the solar panels, keeping utility costs low. Located in Penrose’s "donut hole," the property enjoys a unique weather pattern where most storms pass by, offering a more stable climate. Penrose Elementary School is less than 5 minutes away, with Fremont Elementary in Florence just 15 minutes away, and the school bus conveniently picks up right at your front door. For daily necessities, a market, animal supply store, and gas station are just 5 minutes away, with major shopping centers within a 15-20 minute drive. Don’t miss this opportunity to own a slice of Colorado paradise!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.54
Remaining Loan Term
28 years, 1 months
Monthly PITI
$2,537.09/mo
Estimated Loan Balance
$333,565
Cash to close
$50,823
Interest Paid
$40,200

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air, Other
  • Heating: Forced Air
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Laminate

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1972
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Beaver Park
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Penrose

Financial Details

  • Price per Sqft: $321.18
  • Tax Annual Amount: $1212
  • On Market Date: 2024-08-29T00:00:00.000Z
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 $50,823 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $50,823!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$319,177
Your Cash$50,823
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$2,057/mo
Traditional @ 7.5%
$2,270/mo
You save $213/month ($2,562/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6053280

Listing From: recolorado

Last updated: 2024-11-13T18:06:17.000Z

© , 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

6.54%
7.15%

Principal & Interest

$2,057 /mo
$2,188 /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 $50,823 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $50,823!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$319,177
Your Cash$50,823
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$2,057/mo
Traditional @ 7.5%
$2,270/mo
You save $213/month ($2,562/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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