Cheryl Riley

Cheryl Riley

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$550,000

($198,446 down)
VA

20558 State Highway 96, Wetmore, CO 81253

4
2
2,670 sqft
PITI Monthly
$1,904.91 /mo

Listing courtesy of: Dawn Brooks-White, Real Broker, LLC DBA Real

Assumed Rate

3.04%
7.15%

Principal & Interest

$1,631 /mo
$2,600 /mo

What's Special

LOCATION
DINING
SPACIOUS
FIREPLACE
COZY
NO HOA

ucked in the foothills just west of Wetmore, this 4-bed, 2-bath ranch home with full walk-out basement sits on 2.83 acres that borders National Forest and includes a seasonal stream. A rare find with both privacy and convenience, the home offers over 2,700 finished square feet, hardwood and laminate flooring, a spacious main-level primary bedroom, and multiple living areas. Large windows and a cozy sunroom bring the outdoors in with peaceful views of trees, hills, and wildlife. The kitchen includes a breakfast bar, vented gas range, dishwasher, and refrigerator—everything you need to cook and entertain. The nook, dining room living room overlook the downstairs family room with a wood-burning fireplace insert. Also, downstairs offers two bedrooms, 3/4 bathroom, laundry area, and bonus space for office, guests, or hobbies. Heating options include propane hot water baseboards, wood stove, and supplemental electric—plus ceiling fans for comfort. A huge bonus is the 1460SF garage/workshop at 20604 Hwy 96 (included with the property), perfect for tools, toys, or a home-based business. The fenced backyard offers space for pets or gardening, and there’s plenty of RV parking and room to roam. With no HOA and Custer County zoning, you have freedom to use the land your way. This quiet location is just minutes to Wetmore, Florence, and access to major routes. Surrounded by nature with direct trail access, this is home for anyone looking for mountain living with practical features, flexible space, and unbeatable access to the outdoors.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.04
Remaining Loan Term
26 years, 0 months
Monthly PITI
$1,904.91/mo
Estimated Loan Balance
$378,550
Cash to close
$198,446
Interest Paid
$44,866

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Propane
Features
  • Materials: Concrete, Frame, Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Family Room, Wood Burning
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Private, Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Concrete, Frame, Stone, Wood Siding
  • Roof: Metal
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: W. E. Smith
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Wetmore

Financial Details

  • Price per Sqft: $205.99
  • Tax Annual Amount: $1281
  • On Market Date: 2025-04-14T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $198,446 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $198,446!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.04% Sellers Rate
$351,554
Your Cash$198,446
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.04%
$1,631/mo
Traditional @ 7.15%
$2,697/mo
You save $1,066/month ($12,789/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2965923

Listing From: recolorado

Last updated: 2025-04-14T15:40:22.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.04%
7.15%

Principal & Interest

$1,631 /mo
$2,600 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $198,446 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $198,446!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.04% Sellers Rate
$351,554
Your Cash$198,446
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.04%
$1,631/mo
Traditional @ 7.15%
$2,697/mo
You save $1,066/month ($12,789/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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