Cheryl Riley

Cheryl Riley

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$509,000

($308,590 down)
FHA

36 High Three Circle, Leadville, CO 80461

2
1
845 sqft
PITI Monthly
$1,446.65 /mo

Listing courtesy of: Shenan Pordon, Colorado Key Real Estate

Assumed Rate

2.83%
7.15%

Principal & Interest

$916 /mo
$1,500 /mo

What's Special

SERENE
SPACIOUS
COZY

Nestled on nearly half an acre, this cozy mountain cabin offers the perfect balance of privacy and nature. With an open floor plan and two spacious bedrooms, the home provides a warm, inviting atmosphere, perfect for relaxing after a day of adventure. The large, fenced-in yard offers plenty of space for outdoor activities and peaceful moments surrounded by towering trees. Experience the tranquility of living in a private, forest-like setting while still being part of a friendly, tight-knit neighborhood. Just steps away, you’ll find serene fishing lakes, ideal for unwinding by the water. Plus, with nearby ski resorts, you can enjoy winter sports just a short drive away. Whether you’re looking for a weekend retreat or a permanent escape from the hustle and bustle, this mountain cabin offers the perfect combination of comfort, seclusion, and convenience. Don’t miss the chance to make this serene getaway your own!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.83
Remaining Loan Term
25 years, 8 months
Monthly PITI
$1,446.65/mo
Estimated Loan Balance
$230,521
Cash to close
$308,590
Interest Paid
$25,959

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Electric, Forced Air
Features
  • Materials: Block, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room, Wood Burning, Wood Burning Stove
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Metal
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Mountain Contemporary
Materials
  • Block, Wood Siding
  • Roof: Metal
Condition
  • Year Built: 1965
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Sylvan Lakes
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Sylvan Lakes
  • HOA Amenities: Unknown
  • HOA Fee: $100
  • HOA Frequency: $Annually
Location
  • Region: Leadville

Financial Details

  • Price per Sqft: $602.37
  • Tax Annual Amount: $2479
  • On Market Date: 2025-04-09T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $308,590 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $308,590!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$200,410
Your Cash:$308,590
Total Purchase Price:$509,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$916/mo
Traditional @ 7.15%
$1,556/mo
You save $640/month ($7,678/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC9135575

Listing From: recolorado

Last updated: 2025-04-11T16:23:19.000Z

© , 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

2.83%
7.15%

Principal & Interest

$916 /mo
$1,500 /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 $308,590 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $308,590!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$200,410
Your Cash:$308,590
Total Purchase Price:$509,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$916/mo
Traditional @ 7.15%
$1,556/mo
You save $640/month ($7,678/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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