305 12th
FHA Assumable
3.44% Rate
50 photos
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305 12th

Gilcrest, CO 80623

3
Bedrooms
1
Bathrooms
988
Sq Ft

Payment Calculator

$1,318per month

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?$11,250
$11,250$97,323
Secondary Financing8.5% Rate
$86,073
Blended rate5.31% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,351/mo
Assumable @ 3.44% + gap
$1,318/mo
$33less per month
$33
per month
$394
per year
$11,825
over 30 years

🏦 Loan Details

List Price
$225,000
Assumable Rate
3.44%
Remaining Balance
$147,267
Loan Type
FHA
Est. Equity Gap
$97,323
Annual Taxes
$3,681

About This Home

Great Investment Opportunity in Gilcrest!\r This 3-bedroom, 1-bath home offers 988 sq ft on the main level plus a full unfinished basement—providing plenty of potential for expansion or customization. Priced at $225,000, this property is perfect for investors, flippers, or buyers looking to build sweat equity.\r \r The home is being sold as-is and is ready for your personal touch and updates. With solid bones and a functional layout, this is a great opportunity to renovate and create value. The full basement offers additional space for storage or future finishing.\r \r Don’t miss your chance to transform this property into something special—great potential at an affordable price!

Data Source: REcolorado MLS

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
$225,000
3.44% rateFHASave $629/mo

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