5725 Atlantic
FHA Assumable
3.77% Rate
50 photos
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5725 Atlantic

Lakewood, CO 80227

2
Bedrooms
1
Bathrooms
860
Sq Ft

Payment Calculator

$1,421per 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?$13,450
$13,450$90,901
Secondary Financing8.5% Rate
$77,451
Blended rate5.21% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,615/mo
Assumable @ 3.77% + gap
$1,421/mo
$195less per month
$195
per month
$2,337
per year
$70,106
over 30 years

🏦 Loan Details

List Price
$269,000
Assumable Rate
3.77%
Remaining Balance
$177,701
Loan Type
FHA
Est. Equity Gap
$90,901
Annual Taxes
$1,579
HOA/mo
$390

About This Home

Welcome to this bright top-floor condo featuring vaulted ceilings, an oversized arched window, abundant natural light, and an open, airy layout. Seller is offering a $2,500 concession with an acceptable offer, which may be used toward buyer closing costs, a rate buy-down, prepaid HOA dues, or other lender-approved costs. The HOA is professionally managed, in good standing, and current information indicates reserves meet applicable lending review requirements. There are no current special assessments, and the 2024 roof/hail-related assessment has been paid in full. HOA documents are available for buyer and lender review. \r \r Inside, the living room features a wood-burning fireplace, while the private balcony offers a peaceful place to enjoy morning coffee, mature trees, fresh air, and seasonal mountain views. The kitchen provides generous cabinet space, a breakfast bar, and an open connection to the living and dining areas. The original oven and microwave remain functional, adding retro character with the option to update over time. Two bedrooms provide excellent storage, including an oversized closet in the primary bedroom and a walk-in closet in the second bedroom. The Jack-and-Jill bathroom is accessible from both the primary bedroom and hallway and features a large double-sink vanity with generous counter and cabinet space.\r Additional highlights include in-unit laundry, central air, newer windows with a transferable warranty, two reserved parking spaces near the building entrance, and access to the community’s heated swimming pool.Bear Creek Greenbelt and Bear Creek Lake Park are nearby, offering walking and biking trails, open space, hiking, fishing, boating, paddleboarding, and foothill scenery. Convenient access to Wadsworth, Sheridan, US-285, I-25, and C-470 makes it easy to reach downtown Denver and surrounding communities. Clean, move-in ready, and offered at $269,000, this condo provides an excellent opportunity to settle in now and personalize over time.

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
$269,000
3.77% rateFHASave $658/mo

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