Laura Jewett

Laura Jewett

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Closed

$198,500

($64,504 down)
FHA

953 French Street, Silver Cliff, CO 81252

2
1
681 sqft
PITI Monthly
$879.38 /mo

Listing courtesy of: Sarah Flynn, Mountain Land Properties Llc

Assumed Rate

2.87%
7.15%

Principal & Interest

$592 /mo
$965 /mo

What's Special

SERENE
DINING
LUXURY
MOUNTAIN VIEWS
CHARMING

Welcome to your perfect retreat nestled in a large corner lot in Silver Cliff, just a stone's throw away from downtown convenience. This charming home boasts a low-maintenance stucco exterior and a durable metal roof, ensuring peace of mind for years to come. Inside, you'll find two bedrooms and one bath, providing ample space for relaxation. The bright kitchen with a dining area is perfect for whipping up delicious meals, while the living room features a vaulted ceiling, luxury plank flooring, and a new furnace-rated propane stove, creating a warm and inviting atmosphere.Step outside onto the covered front porch and soak in the breathtaking mountain views, or retreat to the fully fenced backyard, complete with seven raised garden beds and a delightful greenhouse-ideal for cultivating your own garden oasis. Additionally, a shed and several outbuildings offer plenty of space to store all your outdoor gear and toys. Whether you're seeking a serene weekend escape or starting your homeownership journey, this home has it all. Don't miss out on this opportunity to own your slice of mountain paradise!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$879.38/mo
Estimated Loan Balance
$139,637
Cash to close
$64,504
Interest Paid
$14,133

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Propane
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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
  • Stucco
  • Roof: Metal
Condition
  • Year Built: 1888
Details
  • Builder:

Community & HOA

Community
  • Subdivision: None
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Silver Cliff

Financial Details

  • Price per Sqft: $291.48
  • Tax Annual Amount: $430
  • On Market Date: 2024-05-29T00:00:00.000Z
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 $64,504 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $64,504!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$133,996
Your Cash$64,504
Total Purchase Price:$198,500

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$592/mo
Traditional @ 7.5%
$1,001/mo
You save $409/month ($4,902/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7753057

Listing From: recolorado

Last updated: 2024-10-01T18:05:54.000Z

© , 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

2.87%
7.15%

Principal & Interest

$592 /mo
$965 /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 $64,504 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $64,504!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$133,996
Your Cash$64,504
Total Purchase Price:$198,500

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$592/mo
Traditional @ 7.5%
$1,001/mo
You save $409/month ($4,902/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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