Dan Kaercher

Dan Kaercher

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$850,000

($721,571 down)
FHA

195 Briggs Street, Erie, CO 80516

2
2
3,198 sqft
PITI Monthly
$1,466.4 /mo

Listing courtesy of: Mara Brown, Due South Realty

Assumed Rate

3.55%
7.15%

Principal & Interest

$822 /mo
$1,229 /mo

What's Special

LOCATION

Located on the main street of Old Town Erie (Briggs), this unique property sits on a ¼ acre lot and offers incredible flexibility with Neighborhood Mixed-Use (NMU) zoning. The home is easily divided into two independent living spaces, each with its own kitchen and full bath. The two-story section is currently a successful Airbnb, generating an average of $25K gross annually, making this a fantastic income-producing opportunity. With NMU zoning, the possibilities are endless. Similar to 445 Briggs St, now home to Cyclerie e-Bikes & Kids Bikes, this property is perfect for a home business, office, rental unit, or even a small shop. The oversized 28x30 garage features 12' walls, insulation, a evaporative cooler, and rough-in plumbing for a future bathroom. It previously housed a car lift, making it an ideal space for automotive work, storage, or workshop needs. The outdoor space is just as impressive, featuring a 14x18 greenhouse with ~10' peak ceiling, two sheds (10x12 Tough Shed & 8x8 metal shed), and a 10x10 gazebo. The large yard includes two above-ground gardens, a grassy lawn, and a growing peach tree, perfect for those who love outdoor living and gardening. This prime location in Old Town Erie is within walking distance to local shops, restaurants, schools, medical facilities, and community events. Whether you’re looking for an investment property, a live-work opportunity, or a multi-use space, this home offers exceptional potential in a growing and sought-after area. Don’t miss out on this rare and versatile opportunity! For video footage https://unbranded.virtuance.com/listing/195-briggs-st-erie-colorado

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Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.55
Remaining Loan Term
17 years, 5 months
Monthly PITI
$1,466.4/mo
Estimated Loan Balance
$154,309
Cash to close
$721,571
Interest Paid
$70,190

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Evaporative Cooling
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • 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
  • Roof: Composition
Condition
  • Year Built: 1968
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Erie
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Erie

Financial Details

  • Price per Sqft: $265.79
  • Tax Annual Amount: $3587
  • On Market Date: 2025-03-21T00:00:00.000Z
Inquire about this property

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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 $721,571 (85%)
You can enter any amount below - secondary financing will cover the difference if needed.
85%
$

You cover the entire equity of $721,571!

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

Loan Breakdown

Assumed Mortgage3.55% Sellers Rate
$128,429
Your Cash:$721,571
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 3.55%
$822/mo
Traditional @ 7.5%
$1,274/mo
You save $452/month ($5,430/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4152568

Listing From: recolorado

Last updated: 2025-03-23T19:05:30.000Z

© , 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

3.55%
7.15%

Principal & Interest

$822 /mo
$1,229 /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 $721,571 (85%)
You can enter any amount below - secondary financing will cover the difference if needed.
85%
$

You cover the entire equity of $721,571!

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

Loan Breakdown

Assumed Mortgage3.55% Sellers Rate
$128,429
Your Cash:$721,571
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 3.55%
$822/mo
Traditional @ 7.5%
$1,274/mo
You save $452/month ($5,430/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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