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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$194,500

($85,618 down)
FHA

1228 Lyons Avenue, Ely, NV 89301

3
2
1,788 sqft
PITI Monthly
$897.6 /mo

Listing courtesy of: Jami Brinkerhoff, Keller Williams MarketPlace

Assumed Rate

4.98%
7.15%

Principal & Interest

$605 /mo
$763 /mo
$16,049 in interest paid off

What's Special

EFFICIENT
Centrally located Ely home with charm and character. 1788 sq. ft. of living space includes basement living. Two bedrooms on the main level with a full
bath, large living room and rustic design kitchen. Inside access to the basement offers a 19X13 family room, 11X11 bedroom, 3/4 bath, laundry and
plenty of storage space. Electric wall heat and wood stove allow for efficient living. The back of this home has a 1 car garage, drive through gate and
concrete for extra parking or playing. Showings will be scheduled for pre-approved cash, conventional or fha Buyers.
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 1 months
Monthly PITI
$897.6/mo
Estimated Loan Balance
$110,814
Cash to close
$85,618
Interest Paid
$16,049

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Electric, None
  • Heating: Electric, Wood, WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, FreeStanding
  • Flooring: Carpet, LuxuryVinyl, LuxuryVinylPlank

Exterior

Fencing
  • Fencing: ChainLink, Full, Metal, Wood
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory
Materials
  • Unknown
  • Roof: Composition, Shingle
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision: City of Ely
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Ely

Financial Details

  • Price per Sqft: $108.78
  • Tax Annual Amount: $754
  • On Market Date: Sep 17, 2024
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Savings Calculator

Current cash to close is $85,618 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$
0%20%50%

You cover the entire equity of $85,618!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$108,883
Your Cash$85,618
Total Purchase Price:$194,500

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$605/mo
Traditional @ 7.15%
$791/mo
You save $186/month ($2,236/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 2618123

Listing From:

Last updated: Oct 18, 2024 08:27pm

© 2025, GLVAR. 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

4.98%
7.15%

Principal & Interest

$605 /mo
$763 /mo
$16,049 in interest paid off
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 $85,618 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$
0%20%50%

You cover the entire equity of $85,618!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$108,883
Your Cash$85,618
Total Purchase Price:$194,500

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$605/mo
Traditional @ 7.15%
$791/mo
You save $186/month ($2,236/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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