1464 Cherrywood
FHA Assumable
2.87% Rate
50 photos
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1464 Cherrywood

Longmont, CO 80504

5
Bedrooms
4
Bathrooms
3,207
Sq Ft

Payment Calculator

$4,207per 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?$37,500
$37,500$373,616
Secondary Financing8.5% Rate
$336,116
Blended rate5.47% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,503/mo
Assumable @ 2.87% + gap
$4,207/mo
$296less per month
$296
per month
$3,554
per year
$106,622
over 30 years

🏦 Loan Details

List Price
$750,000
Assumable Rate
2.87%
Remaining Balance
$391,407
Loan Type
FHA
Est. Equity Gap
$373,616
Annual Taxes
$4,092
HOA/mo
$112

About This Home

Welcome to this beautifully updated 5-bedroom, 4-bathroom retreat located in the highly sought-after Dodd Estates II neighborhood in Longmont - where homes rarely become available. Nestled on a quiet corner lot in a cul-de-sac, this home offers the perfect blend of comfort, functionality, and opportunity.From the moment you arrive, you'll notice the fresh exterior paint, new Class 4 impact-resistant roof, and inviting curb appeal. Inside, the home has been thoughtfully updated with new flooring, fresh interior paint, updated countertops, and stainless steel appliances, creating a clean and modern feel throughout.The upper level features three spacious bedrooms, including a large primary suite complete with a beautifully appointed bathroom and oversized walk-in closet. The layout offers both privacy and functionality for everyday living.Downstairs, the basement provides incredible flexibility with its own permitted private entrance, two additional bedrooms, a bathroom, and a kitchenette area - making it ideal for multi-generational living, guests, a private retreat, or potential additional income opportunities.Step outside and enjoy the stamped concrete patio, perfect for entertaining, relaxing, or enjoying Colorado evenings. The property also features a two-car garage, additional storage shed, and a spacious lot with excellent access to nearby shopping, dining, parks, and amenities.This is a rare opportunity to own a move-in-ready home in one of Longmont's most desirable neighborhoods. Whether you're looking for space, flexibility, or long-term value, this home checks all the boxes.

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
$750,000
2.87% rateFHASave $2,767/mo

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