Laura Jewett

Laura Jewett

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Closed

$399,000

($362,770 down)
FHA

821 S Prospect Street, Colorado Springs, CO 80903

2
1
1,202 sqft
PITI Monthly
$1,048.67 /mo

Listing courtesy of: Jo Nestor, LIV Sotheby's International Realty

Assumed Rate

5.25%
7.15%

Principal & Interest

$723 /mo
$884 /mo

What's Special

SPACIOUS
HARDWOOD FLOORS
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE

This property features brand new stucco on the home, garage, and retaining wall. The updated kitchen boasts solid granite countertops, stainless steel appliances and a new faucet, ample cabinets and a large pantry. Enjoy the convenience of storm windows throughout the home. The basement includes a front-loading washer and dryer, a bonus room ideal for an office or hobby space, and a laundry room with built-in storage shelves and a utility sink. Hardwood floors run throughout the house ,and the spacious living room features a wood-burning “Kiva” style fireplace. Outside, you’ll find a huge fenced backyard with a storage shed, fruit trees and a movable fence for RV parking. The oversized two car garage has a built in work bench, garage door opener on one of the two doors and easy access to the alley.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.25
Remaining Loan Term
8 years, 4 months
Monthly PITI
$1,048.67/mo
Estimated Loan Balance
$64,357
Cash to close
$362,770
Interest Paid
$115,521

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Concrete
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Other
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: Unknown
Materials
  • Concrete
  • Roof: Other
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cheyenne Add Colorado
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $331.95
  • Tax Annual Amount: $994
  • On Market Date: 2024-07-12T00:00:00.000Z
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 $362,770 (91%)
You can enter any amount below - secondary financing will cover the difference if needed.
91%
$

You cover the entire equity of $362,770!

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

Loan Breakdown

Assumed Mortgage5.25% Sellers Rate
$36,230
Your Cash:$362,770
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 5.25%
$723/mo
Traditional @ 7.5%
$917/mo
You save $194/month ($2,332/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4864629

Listing From: recolorado

Last updated: 2024-10-01T18:11:07.000Z

© , 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

5.25%
7.15%

Principal & Interest

$723 /mo
$884 /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 $362,770 (91%)
You can enter any amount below - secondary financing will cover the difference if needed.
91%
$

You cover the entire equity of $362,770!

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

Loan Breakdown

Assumed Mortgage5.25% Sellers Rate
$36,230
Your Cash:$362,770
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 5.25%
$723/mo
Traditional @ 7.5%
$917/mo
You save $194/month ($2,332/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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