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Closed
Closed

$548,000

($122,667 down)
FHA

509 Aspen Grove Way, Severance, CO 80550

3
3
2,073 sqft
PITI Monthly
$2,621.69 /mo

Listing courtesy of: Kelly Nehls, RE/MAX Alliance-FTC Dwtn

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,921 /mo
$3,051 /mo
$44,642 in interest paid off

What's Special

LOCATION
SPACIOUS
STAINLESS STEEL APPLIANCES
WALK-IN CLOSET
MASTER SUITE
SOAKING TUB
FINISHED BASEMENT
DECK
PATIO
FENCED YARD
NO METRO TAX (save thousands on taxes)! ***FHA Assumable Mortgage! Nestled near a neighborhood park and providing walkability to Range View IB
Elementary School, this spacious home in Timber Ridge offers more than just an ideal location! Inside, you'll find beautiful and thoughtful updates
throughout. Featuring multiple smart home technology upgrades: Motorized Window Coverings, Lutron Lighting, Smart Weather Sprinklers and Garage
Door, Origin Acoustics Landscape Audio, and so much more! Hosting an open floor plan and featuring 3 bedrooms, 2.5 baths, including a ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$2,621.69/mo
Estimated Loan Balance
$429,468
Cash to close
$122,667
Interest Paid
$44,642

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
Features
  • Materials: Stone, Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Fenced
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Contemporary
Materials
  • Stone, Wood Frame
  • Roof: Composition
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Timber Ridge
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Timber Ridge
  • HOA Amenities: Unknown
  • HOA Fee: $215
  • HOA Frequency: $Annually
Location
  • Region: Severance

Financial Details

  • Price per Sqft: $264.35
  • Tax Annual Amount: $2565
  • On Market Date: Oct 03, 2024
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Savings Calculator

Current cash to close is $122,667 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
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0%20%50%

You cover the entire equity of $122,667!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$425,333
Your Cash$122,667
Total Purchase Price:$548,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,921/mo
Traditional @ 7.15%
$3,164/mo
You save $1,243/month ($14,916/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1019927

Listing From: recolorado

Last updated: Oct 21, 2024 10:41pm

© 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

3.07%
7.15%

Principal & Interest

$1,921 /mo
$3,051 /mo
$44,642 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 $122,667 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$
0%20%50%

You cover the entire equity of $122,667!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$425,333
Your Cash$122,667
Total Purchase Price:$548,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,921/mo
Traditional @ 7.15%
$3,164/mo
You save $1,243/month ($14,916/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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