773 Drake Avenue
FHA Assumable
3.69% Rate
41 photos
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773 Drake Avenue

Erie, CO 80516

5
Bedrooms
5
Bathrooms
3,598
Sq Ft

Payment Calculator

$4,466
per month, total
$42,250
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?$42,250
$42,250$365,943
Second loan$323,693
%
Blended rate5.23% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$5,074/mo
Assumable @ 3.69% + gap
$4,466/mo
$608
per month
$7,300
per year
$218,993
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
$845,000
Assumable Rate
3.69%
Remaining Balance
$479,056
Loan Type
FHA
Est. Equity Gap
$365,943
Annual Taxes
$9,149
HOA/mo
$70

About This Home

Some homes simply feel special the moment you step inside—and this is one of them. Thoughtfully customized throughout, this beautifully appointed home offers 5 bedrooms, 5 full bathrooms, and an impressive blend of elegance, comfort, and functionality. At the heart of the home is a stunning chef’s kitchen, designed for both everyday living and effortless entertaining. The kitchen flows seamlessly into the grand family room, where a dramatic stacked-stone fireplace creates a warm and inviting focal point for gatherings with family and friends .The main level also hosts a private bedroom and bathroom, perfect for guests! Upstairs, a spacious loft offers endless possibilities as a playroom, media room, home office, or flexible living space. The private primary suite provides a true retreat, complete with a spa-inspired en suite bathroom and expansive dual walk-in closets. Two upstairs secondary bedrooms feature their own bathroom and walk-in closet, making it ideal for guests, multigenerational living, or growing families. The finished basement takes entertaining to the next level, offering generous space for movie nights, game days, fitness, recreation, and more. A large additional bedroom and private bathroom provide a comfortable and secluded space for overnight guests. Step outside and embrace the best of Colorado living from the covered back porch, or unwind beneath the stars in your private hot tub. The home’s location is equally impressive, situated next to a park and within the highly regarded Boulder Valley School District. With shopping, dining, trails, and everyday conveniences just minutes away, you’ll enjoy an ideal balance of connection, recreation, and privacy. With beautiful spaces designed for gathering, relaxing, and making memories, this remarkable home is ready to be the backdrop for life’s most meaningful moments. New park coming soon! Welcome home.

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
$845,000
3.69% rateFHASave $608/mo

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