Cheryl Riley

Cheryl Riley

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$330,000

($102,877 down)
FHA

5255 Memphis Street UNIT 121, Denver, CO 80239

2
2
1,026 sqft
PITI Monthly
$1,461.85 /mo

Listing courtesy of: Claudia Romero, Megastar Realty

Assumed Rate

2.74%
7.15%

Principal & Interest

$1,021 /mo
$1,691 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
MOVE-IN READY
PUBLIC TRANSPORTATION

Welcome to this well-maintained 2-bedroom, 2-bathroom condo conveniently located just minutes from Denver International Airport! Situated on the second floor, this home offers easy access to top-rated schools, shopping centers, public transportation, and major highways—perfect for commuters or frequent travelers. Inside, you'll find a spacious layout in overall good condition with just some light cleaning needed to truly make it shine. Both bedrooms offer ample closet space, and the open-concept living and dining area provides a comfortable and functional living space. The kitchen and bathrooms are clean and functional, making this home move-in ready with minor TLC. Please note: this is a short sale and all inquiries must be directed to the listing agent. Don’t miss this incredible opportunity to own in a prime location at a great value!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.74
Remaining Loan Term
25 years, 11 months
Monthly PITI
$1,461.85/mo
Estimated Loan Balance
$273,008
Cash to close
$102,877
Interest Paid
$26,763

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Architecural Shingle
Condition
  • Year Built: 2002
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Parkfield Filing 11
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Goodwinn & Company
  • HOA Amenities: Unknown
  • HOA Fee: $300
  • HOA Frequency: $Monthly
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $321.64
  • Tax Annual Amount: $1364
  • On Market Date: 2025-04-18T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $102,877 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $102,877!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$227,123
Your Cash$102,877
Total Purchase Price:$330,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,021/mo
Traditional @ 7.15%
$1,754/mo
You save $733/month ($8,800/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC7036069

Listing From: recolorado

Last updated: 2025-04-15T19:09:20.000Z

© , 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

2.74%
7.15%

Principal & Interest

$1,021 /mo
$1,691 /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 $102,877 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $102,877!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$227,123
Your Cash$102,877
Total Purchase Price:$330,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,021/mo
Traditional @ 7.15%
$1,754/mo
You save $733/month ($8,800/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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