558 Elm Street
FHA Assumable
3% Rate
38 photos
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558 Elm Street

Denver, CO 80246

4
Bedrooms
2
Bathrooms
1,850
Sq Ft

Payment Calculator

$2,698
per month, total
$31,250
cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$31,250
$31,250$101,224
Second loan$69,974
%
Blended rate3.53% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,753/mo
Assumable @ 3% + gap
$2,698/mo
$1,055less per month
$1,055
per month
$12,665
per year
$379,936
over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

🏦 Loan Details

List Price
$625,000
Assumable Rate
3%
Remaining Balance
$523,775
Loan Type
FHA
Est. Equity Gap
$101,224

About This Home

Welcome to Parkview Townhomes, where prime parkside living meets an unbeatable central Denver location! The inviting main level features a lovely foyer, expansive open living space, a huge kitchen with abundant cabinetry and pantry space, and easy access to the private backyard patio. Mature trees provide shade, while composite patio tiles create an ideal setting for relaxing or entertaining. Behind the back patio is the newly renovated Glendale Park, featuring green space, pickleball and basketball courts, an updated playground, covered picnic areas, gazebos, grills, & dog park. Upstairs, enjoy a versatile loft space with skylights. The oversized second bedroom includes a private full bathroom, while the primary suite is filled with natural light. The convenient upstairs laundry is located on the same level as both bedroom suites. The fully finished basement adds versatility with a full bathroom, abundant closet space, a storage room, and flexible space ideal for a guest suite, potential third bedroom, in-law setup, media room, theater, home gym, office, or additional living area. Enjoy the privacy of this intimate 6-unit community, where residents share a large fenced grassy backyard while each home maintains its own private patio space. An attached 2-car garage provides secure parking and additional storage. The location is hard to beat—walk to groceries & Target, enjoy easy access to the Cherry Creek Trail for biking or jogging, Cherry Creek Shopping Center in 5 mins, and convenient to Cherry Creek, Hilltop, Belcaro, Glendale, downtown Denver, & I-25. Even more excitement is on the way with the nearby Four Mile District entertainment destination, planned within walking distance and expected to bring dining, shopping, entertainment, live music, family activities, & a movie theater. This is a rare opportunity to enjoy spacious townhome living, direct park access, and an exciting, connected lifestyle in the heart of the Denver area!

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$625,000
3% rateFHASave $1,055/mo

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