Dan Kaercher

Dan Kaercher

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Closed

$425,000

($314,882 down)
FHA

680 Drake Street, Denver, CO 80221

3
2
1,784 sqft
PITI Monthly
$1,368.8 /mo

Listing courtesy of: Denise Franks, LIV Sotheby's International Realty

Assumed Rate

5%
7.15%

Principal & Interest

$868 /mo
$1,092 /mo

What's Special

LOCATION
DECK
INVESTMENT OPPORTUNITY

Welcome to Sherrelwood Estates nestled in the Northern Denver area. This is a great opportunity to own a corner lot in an established area. Home has great bones and is ready for your renovation ideas and charm. Sweat equity included with lots of homes selling in the high 400's to low 500's. Almost 1800 square feet of living space with 3 beds and 2 baths, this would be a great starter home or investment opportunity. All appliances stay and kitchen appliances are all newer including the gas range. The main bedroom is extra large with French doors leading to an oversized deck. Plus, access to the full bath. The park-like backyard is ready for landscaping and the outdoor activity possibilities are endless. Home is located near highways, Denver, parks, restaurants, the Boulder Turnpike and so much more. This is definitely a property worth considering for your next move. Don't miss out on this fantastic opportunity in a great location.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5
Remaining Loan Term
14 years, 4 months
Monthly PITI
$1,368.8/mo
Estimated Loan Balance
$134,339
Cash to close
$314,882
Interest Paid
$107,868

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Evaporative Cooling
  • Heating: Forced Air
Features
  • Materials: Frame, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Traditional
Materials
  • Frame, Vinyl Siding
  • Roof: Composition
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Sherrelwood Estates
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $238.23
  • Tax Annual Amount: $2841
  • On Market Date: 2024-04-19T00:00:00.000Z
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 $314,882 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$

You cover the entire equity of $314,882!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$110,118
Your Cash:$314,882
Total Purchase Price:$425,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$868/mo
Traditional @ 7.5%
$1,132/mo
You save $265/month ($3,176/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8035612

Listing From: recolorado

Last updated: 2024-10-01T18:02:31.000Z

© , 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

5%
7.15%

Principal & Interest

$868 /mo
$1,092 /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 $314,882 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$

You cover the entire equity of $314,882!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$110,118
Your Cash:$314,882
Total Purchase Price:$425,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$868/mo
Traditional @ 7.5%
$1,132/mo
You save $265/month ($3,176/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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