Dan Kaercher

Dan Kaercher

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Closed

$200,000

($198,176 down)
FHA

118 W Las Animas Street, Colorado Springs, CO 80903

1
1
888 sqft
PITI Monthly
$546.12 /mo

Listing courtesy of: Lauren Collier, Live Dream Colorado LLC

Assumed Rate

9.15%
7.15%

Principal & Interest

$312 /mo
$259 /mo

What's Special

SPACIOUS
FENCED YARD
HISTORIC

A 2nd bedroom can be easily framed in on the main level. This turn of the century home in historic Mill Street neighborhood includes private fenced yard and detached garage with alley access. This supremely walkable neighborhood is a block south of the new Weidner Field and located in the downtown core. The house is a HANDYMAN SPECIAL. Prior tenant stated that there has been water intrusion into the basement for many years when it rains, and bathroom plumbing leaks into the basement. The house is conveyed strictly AS-IS. Kitchen is spacious. Real wood floors run throughout. The shady private yard is a great get-away, and the alley-loading detached garage is a great find in the downtown core. Plus you can walk to concerts and games at Weidner any time. For those eyeing redevelopment of the lot now or later, it is in an Opportunity Zone and Enterprise Zone and has flexible FBZ-T2B zoning that permits Multifamily, Live/Work, and Commercial uses with minimal setback requirements. Make use of the convenience of a corner parcel with street access in front and alley access along the side of the parcel. Please tour if you are ready for a project, understanding that seller will make no repairs.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
9.15
Remaining Loan Term
Loan term completed
Monthly PITI
$546.12/mo
Estimated Loan Balance
$2,414
Cash to close
$198,176
Interest Paid
$74,114

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Frame, Wood Siding
  • Roof: Composition
Condition
  • Year Built: 1899
Details
  • Builder:

Community & HOA

Community
  • Subdivision: PERKINS + FORTSONS SUB
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $225.23
  • Tax Annual Amount: $681
  • On Market Date: 2024-09-12T00:00:00.000Z
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 $198,176 (99%)
You can enter any amount below - secondary financing will cover the difference if needed.
99%
$

You cover the entire equity of $198,176!

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

Loan Breakdown

Assumed Mortgage9.15% Sellers Rate
$1,824
Your Cash:$198,176
Total Purchase Price:$200,000

Assumed vs Traditional Mortgage

Assumed @ 9.15%
$312/mo
Traditional @ 7.5%
$268/mo
You save $-44/month ($-528/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC1914319

Listing From: recolorado

Last updated: 2024-09-27T17:17:16.000Z

© , 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

9.15%
7.15%

Principal & Interest

$312 /mo
$259 /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 $198,176 (99%)
You can enter any amount below - secondary financing will cover the difference if needed.
99%
$

You cover the entire equity of $198,176!

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

Loan Breakdown

Assumed Mortgage9.15% Sellers Rate
$1,824
Your Cash:$198,176
Total Purchase Price:$200,000

Assumed vs Traditional Mortgage

Assumed @ 9.15%
$312/mo
Traditional @ 7.5%
$268/mo
You save $-44/month ($-528/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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