1464 Cherrywood
FHA Assumable
2.87% Rate
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1464 Cherrywood

Longmont, CO 80504

5
Bedrooms
4
Bathrooms
3,093
Sq Ft

Payment Calculator

$4,017per 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?$36,250
$36,250$349,452
Secondary Financing8.5% Rate
$313,202
Blended rate5.38% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,353/mo
Assumable @ 2.87% + gap
$4,017/mo
$336less per month
$336
per month
$4,036
per year
$121,066
over 30 years

🏦 Loan Details

List Price
$725,000
Assumable Rate
2.87%
Remaining Balance
$388,018
Loan Type
FHA
Est. Equity Gap
$349,452
Annual Taxes
$4,092
HOA/mo
$78

About This Home

Looking for a home that offers space, flexibility, and built-in potential for multigenerational living or additional income? This rare Longmont property features a private lower-level living suite with its own exterior entrance, making it an incredible opportunity for extended family, adult children, long-term guests, a home business, or future rental possibilities.\r \r Located in the highly sought-after Dodd Estates II neighborhood, this beautifully updated 5-bedroom, 4-bathroom home offers more than 3,200 finished square feet designed to adapt to the way you live. The finished basement includes two bedrooms, a bathroom, living space, kitchenette area, and separate entrance, creating a private retreat that is increasingly difficult to find in today’s market.\r \r Upstairs, you’ll find a thoughtfully updated main living area featuring fresh interior paint, updated flooring, stylish countertops, stainless steel appliances, and multiple spaces for gathering and entertaining. The upper level offers three spacious bedrooms, including a generous primary suite with a beautifully updated bathroom and oversized walk-in closet.\r \r Outside, enjoy the benefits of a quiet cul-de-sac corner lot with mature landscaping, fresh exterior paint, a new Class 4 impact-resistant roof, stamped concrete patio, storage shed, and a spacious backyard perfect for relaxing, entertaining, gardening, or enjoying Colorado’s beautiful seasons.\r \r Situated just minutes from shopping, dining, parks, schools, and commuter routes, this move-in-ready home combines the comfort of an established neighborhood with the versatility today’s buyers are searching for.\r \r Whether you’re looking for room for family, a flexible living arrangement, or a property that offers future income potential, 1464 Cherrywood Way delivers a rare combination of opportunity, location, and value. Homes with private-entry living suites in neighborhoods like Dodd Estates rarely become available—don’t miss your chance!

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
$725,000
2.87% rateFHASave $2,617/mo

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