7485 Colorado
FHA Assumable
2.98% Rate
50 photos
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7485 Colorado

Lakewood, CO 80232

3
Bedrooms
2
Bathrooms
1,882
Sq Ft

Payment Calculator

$2,691per 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?$24,750
$24,750$68,929
Secondary Financing8.5% Rate
$44,179
Blended rate3.38% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,972/mo
Assumable @ 2.98% + gap
$2,691/mo
$281less per month
$281
per month
$3,371
per year
$101,126
over 30 years

🏦 Loan Details

List Price
$495,000
Assumable Rate
2.98%
Remaining Balance
$559,227
Loan Type
FHA
Est. Equity Gap
Contact us
Annual Taxes
$3,263

About This Home

Updated, inviting, and priced as a great starter opportunity, this adorable mid-century brick ranch offers classic character, no HOA, and a turn-key interior ready to enjoy, while a little exterior TLC will make it shine. The iconic asymmetrical entry adds vintage charm, while fresh interior paint, new carpet, and wood-look laminate flooring create a bright, comfortable feel throughout the main level. The kitchen features granite countertops, stainless steel appliances, and new flooring, and the main-floor primary bedroom includes a full bath. The updated basement expands the layout with a large rec room, laundry area with generous storage, and two updated bedrooms, both with egress windows. Major updates add peace of mind, with the roof, air conditioning, washer, and dryer all replaced within the last five years. A drywalled 1-car garage with 220 electric, two driveway parking spaces, and room for a full-size RV add valuable flexibility. Walk to shopping, dining, and Bear Creek Greenbelt, with RTD just one block away connecting directly to the W Line light rail and the foothills only about 10 minutes away. This property is subject to lender approval.

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
$495,000
2.98% rateFHASave $969/mo

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