Laura Jewett

Laura Jewett

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Closed

$925,000

($700,160 down)
FHA

981 Cedar Creek Road, Drake, CO 80515

3
3
2,673 sqft
PITI Monthly
$2,126.24 /mo

Listing courtesy of: John Feeney, C3 Real Estate Solutions, LLC

Assumed Rate

6.34%
7.15%

Principal & Interest

$1,417 /mo
$1,539 /mo

What's Special

SERENE
SPACIOUS
DECK
SOLAR PANELS

Welcome to your private retreat nestled on 40 acres bordering the National Forest offering unparalleled privacy and a serene connection to nature. This spacious 2-story home features 3 bedrooms and 3 bathrooms, perfect for comfortable living or hosting guests. Enter into the multipurpose room boasting radiant floors, additional cabinet and counter space, as well as a separate in-wall oven. The kitchen is a chef's dream with ample cabinet space and expansive countertops to let your culinary skills thrive. The main floor is adorned with beautiful hickory floors, wood stove in the living room or enjoy the convenience of a propane stove in the rec room in the basement. Energy efficiency is a highlight, with a tankless instant hot water heater and solar panels that help reduce your electric bill. The exterior of the home is equally impressive, featuring composite decking, fireproof siding, and a 522 sq ft greenhouse equipped with electricity and Bee's Wax automatic window/vent openers. A significant clearing of trees around the property minimizes the risk of fire danger, providing peace of mind. Oversized 2-car garage and an additional 16 x 10 shed offer ample storage space. Embrace the tranquility of nature with the sounds of wildlife surrounding you sitting or soaking in the hot tub or take advantage of the hiking and hunting opportunities on your own property. Don't miss out on this extraordinary home that combines comfort, efficiency, and natural beauty. Schedule a visit today and experience the unmatched lifestyle that awaits you!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.34
Remaining Loan Term
28 years, 3 months
Monthly PITI
$2,126.24/mo
Estimated Loan Balance
$225,068
Cash to close
$700,160
Interest Paid
$25,044

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Propane, Wood Stove
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Living Room
  • Flooring: Tile, Wood

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: A-Frame, Chalet
Materials
  • Wood Frame
  • Roof: Metal
Condition
  • Year Built: 2009
Details
  • Builder:

Community & HOA

Community
  • Subdivision: None
  • Features: Accessible Approach with Ramp
HOA
  • Has HOA: No
Location
  • Region: Drake

Financial Details

  • Price per Sqft: $346.05
  • Tax Annual Amount: $3977.04
  • On Market Date: 2024-06-25T00:00:00.000Z
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 $700,160 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $700,160!

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

Loan Breakdown

Assumed Mortgage6.34% Sellers Rate
$224,840
Your Cash:$700,160
Total Purchase Price:$925,000

Assumed vs Traditional Mortgage

Assumed @ 6.34%
$1,417/mo
Traditional @ 7.5%
$1,597/mo
You save $180/month ($2,161/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1012916

Listing From: recolorado

Last updated: 2024-08-14T11:43:57.000Z

© , 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

6.34%
7.15%

Principal & Interest

$1,417 /mo
$1,539 /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 $700,160 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $700,160!

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

Loan Breakdown

Assumed Mortgage6.34% Sellers Rate
$224,840
Your Cash:$700,160
Total Purchase Price:$925,000

Assumed vs Traditional Mortgage

Assumed @ 6.34%
$1,417/mo
Traditional @ 7.5%
$1,597/mo
You save $180/month ($2,161/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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