Laura Jewett

Laura Jewett

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Closed

$365,000

($136,444 down)
VA

7516 Silver Larch Point, Colorado Springs, CO 80908

3
3
1,606 sqft
PITI Monthly
$1,294.21 /mo

Listing courtesy of: Kylee Haralson, Jason Mitchell Real Estate Colorado, LLC

Assumed Rate

2.39%
7.15%

Principal & Interest

$967 /mo
$1,676 /mo

What's Special

INVESTORS
LOCATION
SHOPPING
DINING
SPACIOUS
RENTAL INCOME
INVESTMENT OPPORTUNITY
TURNKEY

Welcome to your new investment opportunity in Colorado Springs! This updated 2018 townhome offers the best of convenience and profitability. This property promises seamless commuting and travel. Step inside to discover a desirable layout featuring 3 bedrooms and 2.5 bathrooms across two spacious levels. The open-plan living area is bathed in natural light, with a well-appointed kitchen boasting ample counter space and oversized dining area. The upstairs features a spacious master bedroom with a large en-suite bathroom and 2 additional bedrooms! Currently serving as an ideal turnkey rental, this townhome comes with a reliable tenant in place until February 2023, ensuring immediate and steady rental income for savvy investors. Enjoy the benefits of a low-maintenance property in a prime location, surrounded by amenities and with effortless access to major highways, newer shopping centers, and nearby hiking trails. Don't miss out on this exceptional opportunity for a hassle-free investment in one of the fastest growing towns in the country!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.39
Remaining Loan Term
26 years, 1 months
Monthly PITI
$1,294.21/mo
Estimated Loan Balance
$229,576
Cash to close
$136,444
Interest Paid
$22,186

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: None
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: Townhouse
  • Architectural Style: Unknown
Materials
  • Frame, Stucco
  • Roof: Composition
Condition
  • Year Built: 2018
Details
  • Builder:

Community & HOA

Community
  • Subdivision: The Pines At Forest Meadows
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: The Pines at Forest Meadows Townhome HOA
  • HOA Amenities: Unknown
  • HOA Fee: $206
  • HOA Frequency: $Monthly
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $227.27
  • Tax Annual Amount: $2132
  • On Market Date: 2024-05-24T00:00:00.000Z
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 $136,444 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $136,444!

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

Loan Breakdown

Assumed Mortgage2.39% Sellers Rate
$228,556
Your Cash$136,444
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 2.39%
$967/mo
Traditional @ 7.5%
$1,739/mo
You save $772/month ($9,267/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4433715

Listing From: recolorado

Last updated: 2024-08-29T18:02:16.000Z

© , 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

2.39%
7.15%

Principal & Interest

$967 /mo
$1,676 /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 $136,444 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $136,444!

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

Loan Breakdown

Assumed Mortgage2.39% Sellers Rate
$228,556
Your Cash$136,444
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 2.39%
$967/mo
Traditional @ 7.5%
$1,739/mo
You save $772/month ($9,267/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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