4685 Sherman
FHA Assumable
4.71% Rate
50 photos
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4685 Sherman

Englewood, CO 80113

2
Bedrooms
2
Bathrooms
1,036
Sq Ft

Payment Calculator

$2,877per 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?$21,350
$21,350$330,027
Secondary Financing8.5% Rate
$308,677
Blended rate7.59% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,564/mo
Assumable @ 4.71% + gap
$2,877/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$427,000
Assumable Rate
4.71%
Remaining Balance
$96,972
Loan Type
FHA
Est. Equity Gap
$330,027
Annual Taxes
$2,647
HOA/mo
$550

About This Home

This home is an opportunity for a user or an investor. With 2 BEDROOMS, a SEPARATE DEN, 2 BATHROOMS, and situated on an OVERSIZED 9,714 sq ft lot on a quiet street with charming street presence, 4685 South Sherman offers the potential to add equity by: 1) enclosing the space in the one-car oversized garage and breezeway (adding 400+/- sq ft); or 2) adding a two car garage/ADU accessed via the alley; or 3) updating the kitchen and mud room. The 2 bedrooms each have multiple windows for natural light and organizer shelving in the large closets. The separate office/den has two windows providing great sunlight, and makes a true pleasant work space for the buyer who works from home. Renovations include 2 newer bathrooms: a three-quarter bath EN SUITE to the primary bedroom and an attached walk-in closet; and a full hall bath serving the secondary bedroom. The roof was replaced with Class 4 Impact Resistant shingles in 2016 after hail damage. Other amenities include large eat-in kitchen, central A/C, hardwood floors, new paint, large covered patio, and fenced yard. New carpet is scheduled to be installed in both bedrooms on May 4th. Windows have not been replaced, however most have storm windows. The kitchen is dated, though very functional, and a buyer will find instant equity gain after an update. The one-level floor plan offers large spaces and separation between the public spaces and the private bedrooms. The functionality and desirability of 4685 S Sherman is underscored by the fact the home was rented to the same tenant for 10 consecutive years. This home offers immediate occupancy. Agent Owner. PROFESSIONAL PHOTOS AVAILABLE MAY 6TH.

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
$427,000
4.71% rateFHASave $1,809/mo

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