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Closed
Closed

$449,000

($53,916 down)
FHA

488 S Balsam Street, Lakewood, CO 80226

5
3
1,916 sqft
PITI Monthly
$3,329.92 /mo

Listing courtesy of: Pedro Gonzalez, Iconic Properties LLC

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,651 /mo
$2,719 /mo
$66,301 in interest paid off

What's Special

LOCATION
SHOPPING
ENTERTAINMENT
DINING
MODERN
FIREPLACE
DECK
CLUBHOUSE
COZY
Welcome to this precious two-story townhome in located in the Lakewood Villa West neighborhood. You’re steps away from Belmar Park with peaceful
trails to walk/jog and immerse in Colorado outdoors. Easily enjoy all the art and entertainment Belmar shopping district has to offer with restaurants,
shopping, Belmar library, movie theater and galleries among other entertainment offered year round, festivals included. Quick access to 6th Ave,
Downtown Denver and the mountains make this a prime location within the Jeffco School District. Walking in the main floor is a bright livin... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 7 months
Monthly PITI
$3,329.92/mo
Estimated Loan Balance
$397,316
Cash to close
$53,916
Interest Paid
$66,301

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Brick, Frame, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Outdoor Pool

Construction

Type & Style
  • Stories:
  • Home type: Townhouse
  • Architectural Style: Contemporary
Materials
  • Brick, Frame, Vinyl Siding
  • Roof: Architecural Shingle
Condition
  • Year Built: 1979
Details
  • Builder: Other

Community & HOA

Community
  • Subdivision: Villa West Townhomes
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Third Villa Townhomes Association
  • HOA Amenities: Unknown
  • HOA Fee: $4140
  • HOA Frequency: $Annually
Location
  • Region: Lakewood

Financial Details

  • Price per Sqft: $234.34
  • Tax Annual Amount: $2721
  • On Market Date: Feb 17, 2024
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Savings Calculator

Current cash to close is $53,916 (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 $53,916!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$395,084
Your Cash$53,916
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,651/mo
Traditional @ 7.15%
$2,820/mo
You save $169/month ($2,028/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6384227

Listing From: recolorado

Last updated: Dec 11, 2024 03:21pm

© 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

6.9%
7.15%

Principal & Interest

$2,651 /mo
$2,719 /mo
$66,301 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 $53,916 (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 $53,916!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$395,084
Your Cash$53,916
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,651/mo
Traditional @ 7.15%
$2,820/mo
You save $169/month ($2,028/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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