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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$429,500

($51,648 down)
FHA

402 W Spruce Drive, Creede, CO 81130

3
2
1,734 sqft
PITI Monthly
$2,891.34 /mo

Listing courtesy of: Anne Pizel, Broken Arrow Ranch and Land Co LLC

Assumed Rate

6.71%
7.15%

Principal & Interest

$2,467 /mo
$2,580 /mo
$44,448 in interest paid off

What's Special

LOCATION
SPACIOUS
CHARMING
COZY
EFFICIENT
Charming home in the Eagles Nest subdivision on .25 acre lot. This 3-bedroom, 2-bathroom cabin offers 1,732 square feet of living space. The home's
location is at the edge of the subdivision offering a more spacious feel with awesome views of the surrounding San Juan Mountains. The home
features an open living area with cathedral ceilings and a wall of brand new energy-efficient windows that fill the space with natural light.
Tongue-and-groove wood accent walls add a cozy warmth throughout. The master bedroom and bathroom are conveniently located on th... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.71
Remaining Loan Term
28 years, 3 months
Monthly PITI
$2,891.34/mo
Estimated Loan Balance
$379,250
Cash to close
$51,648
Interest Paid
$44,448

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Community Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Metal
Condition
  • Year Built: 1996
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Eagles Nest
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Creede

Financial Details

  • Price per Sqft: $247.69
  • Tax Annual Amount: $1189
  • On Market Date: Jul 03, 2024
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Savings Calculator

Current cash to close is $51,648 (12%)
You can enter any amount below - secondary financing will cover the difference if needed.
12%
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0%20%50%

You cover the entire equity of $51,648!

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

Loan Breakdown

Assumed Mortgage6.71% Sellers Rate
$377,852
Your Cash$51,648
Total Purchase Price:$429,500

Assumed vs Traditional Mortgage

Assumed @ 6.71%
$2,467/mo
Traditional @ 7.15%
$2,676/mo
You save $209/month ($2,505/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC1522336

Listing From: recolorado

Last updated: Oct 01, 2024 06:09pm

© 2025, 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

6.71%
7.15%

Principal & Interest

$2,467 /mo
$2,580 /mo
$44,448 in interest paid off
Inquire about this property
​
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​
​
​

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 $51,648 (12%)
You can enter any amount below - secondary financing will cover the difference if needed.
12%
$
0%20%50%

You cover the entire equity of $51,648!

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

Loan Breakdown

Assumed Mortgage6.71% Sellers Rate
$377,852
Your Cash$51,648
Total Purchase Price:$429,500

Assumed vs Traditional Mortgage

Assumed @ 6.71%
$2,467/mo
Traditional @ 7.15%
$2,676/mo
You save $209/month ($2,505/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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