Dan Kaercher

Dan Kaercher

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Closed

$419,000

($82,964 down)
FHA

587 Snow Top Drive, Drake, CO 80515

3
2
1,323 sqft
PITI Monthly
$2,112.05 /mo

Listing courtesy of: Tracys Team, RE/MAX Alliance-Loveland

Assumed Rate

2.74%
7.15%

Principal & Interest

$1,481 /mo
$2,454 /mo

What's Special

SERENE
SPACIOUS
FINISHED BASEMENT
DECK

Horses allowed! Discover the perfect blend of comfort and space in this lovely manufactured home situated on a sprawling 1.74-acre lot in the serene community of Drake, Colorado. This property offers 3 spacious bedrooms and 2 full baths, ideal for anyone seeking extra room. The unfinished basement is a blank canvas ready for your creative touch, offering endless possibilities. One of the standout features of this home is the beautiful and unique 1912 wood-burning stove, adding charm and warmth to the living space.The expansive lot provides ample space for outdoor activities, gardening, or even expanding your living space. A 60x60 gardening area is perfect for growing your own vegetables, flowers, or herbs, and the irrigated landscape. For equestrian enthusiasts, the property includes a small horse barn and hay storage, as well as a leveled-off riding arena, ready for horseback riding and training. The huge deck is perfect for entertaining, relaxing, and enjoying the beautiful Colorado scenery.Enjoy the tranquility of rural living while being just a short drive from the amenities of nearby towns. Road is maintained by PID. Assumable FHA Loan.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.74
Remaining Loan Term
25 years, 11 months
Monthly PITI
$2,112.05/mo
Estimated Loan Balance
$350,217
Cash to close
$82,964
Interest Paid
$38,833

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Propane
Features
  • Materials: Stone, Wood Frame, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, Living Room
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Fenced, Partial
Roof
  • Roof: Metal
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Modular
Materials
  • Stone, Wood Frame, Wood Siding
  • Roof: Metal
Condition
  • Year Built: 2002
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cedar Spring
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Cedar Spring
  • HOA Amenities: Unknown
  • HOA Fee: $50
  • HOA Frequency: $Annually
Location
  • Region: Drake

Financial Details

  • Price per Sqft: $316.7
  • Tax Annual Amount: $2682
  • On Market Date: 2024-07-16T00:00:00.000Z
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 $82,964 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $82,964!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$336,036
Your Cash$82,964
Total Purchase Price:$419,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,481/mo
Traditional @ 7.5%
$2,545/mo
You save $1,064/month ($12,768/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1014349

Listing From: recolorado

Last updated: 2024-10-07T22:41:16.000Z

© , 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

2.74%
7.15%

Principal & Interest

$1,481 /mo
$2,454 /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 $82,964 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $82,964!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$336,036
Your Cash$82,964
Total Purchase Price:$419,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,481/mo
Traditional @ 7.5%
$2,545/mo
You save $1,064/month ($12,768/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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