7514 Blue Water
FHA Assumable
2.875% Rate
50 photos
Click to enlarge

7514 Blue Water

Castle Rock, CO 80108

6
Bedrooms
4
Bathrooms
3,271
Sq Ft

Payment Calculator

$3,344per 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$176,589
Secondary Financing8.5% Rate
$140,339
Blended rate4.03% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,353/mo
Assumable @ 2.875% + gap
$3,344/mo
$1,009less per month
$1,009
per month
$12,108
per year
$363,235
over 30 years

🏦 Loan Details

List Price
$725,000
Assumable Rate
2.875%
Remaining Balance
$545,996
Loan Type
FHA
Est. Equity Gap
$176,589
Annual Taxes
$6,687
HOA/mo
$100

About This Home

Rare opportunity! Qualified buyers may assume the seller's FHA loan at just 2.875%. Buyers β€” don’t miss this opportunity to take over a low-rate loan and potentially save money each month!! Thoughtfully designed for both everyday living and entertaining, the open-concept layout is filled with natural light and anchored by a gourmet kitchen that serves as the heart of the home. Additional updates include a newer microwave and updated primary bath faucets, along with a water heater booster. Spacious living areas provide flexibility for work, recreation, or hosting guests, while smart home features including a Nest thermostat, Xfinity security system, MyQ Smart Hub garage access, and more add modern convenience throughout. Step outside to a private backyard retreat designed for relaxation and enjoyment. The fully fenced yard features mature landscaping, a tranquil pond, and a newer concrete patio completed in 2021, creating an inviting setting for morning coffee, outdoor dining, or peaceful Colorado evenings. 4,838 total square feet with over 1,500 square feet of unfinished basement ready for a future home theater, gym, additional bedrooms, or multi-generational living. \r \r Cobblestone Ranch is known for its extensive trail system, open space, community pool, clubhouse, parks, and recreational amenities. Further, it offers convenient access to shopping, dining, breweries, and everyday services, while Downtown Castle Rock provides a vibrant mix of local boutiques, restaurants, community events, and entertainment. This is an exceptional opportunity to enjoy a well-appointed home in one of Castle Rock's most desirable communities.

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
2.875% rateFHASave $1,833/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

πŸ“ž (719) 624-3472