1487 Red Cliff
FHA Assumable
4.5% Rate
50 photos
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1487 Red Cliff

Castle Rock, CO 80109

3
Bedrooms
3
Bathrooms
1,571
Sq Ft

Payment Calculator

$2,889per 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?$21,000
$21,000$351,859
Secondary Financing8.5% Rate
$330,859
Blended rate7.82% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,522/mo
Assumable @ 4.5% + gap
$2,889/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$420,000
Assumable Rate
4.5%
Remaining Balance
$68,141
Loan Type
FHA
Est. Equity Gap
$351,859
Annual Taxes
$2,156
HOA/mo
$474

About This Home

A lot more convenience. A lot less ordinary.\r \r Brand-new carpet, fresh designer-selected paint throughout, newer appliances, and a newer washer and dryer give this Red Hawk townhome a clean starting point without deciding its style for you. The three-bedroom, three-bath floorplan is one buyers tend to wait for, with comfortable living spaces and a primary suite set apart by vaulted ceilings and two closets.\r \r The attached two-car garage adds everyday practicality, but the storage beneath the home may be the unexpected favorite: a RARE, deep crawl space with enough height to stand inside. There is room for seasonal décor, outdoor gear, luggage, and all the things you want nearby without having to see every day.\r \r Philip S. Miller Park, the Castle Rock Incline, downtown Castle Rock, and I-25 are all within approximately five minutes, making it easier to spend more time enjoying where you live—and far less time getting there.\r \r Then there is the setting itself. Red Hawk feels quietly nostalgic, with tree-lined walkways and homes that face one another rather than away. Each residence has a manageable front outdoor space, and the individuality owners have brought to them gives the neighborhood warmth and personality. There is room to be private and room to be neighborly.\r \r Well-maintained landscaping and continued community improvements, including planned road paving, reflect the care given to the neighborhood as a whole. It is connected, convenient, and refreshingly different from the expected.\r \r Information is deemed reliable but not guaranteed. Buyer and buyer’s agent are responsible for verifying all information, including but not limited to square footage, measurements, schools, HOA details, community improvements, and proximity to area amenities.

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
$420,000
4.5% rateFHASave $1,502/mo

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