Cheryl Riley

Cheryl Riley

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$775,000

($278,847 down)
VA

861 Balsam Drive, Cimarron, CO 81220

3
2
2,227 sqft
PITI Monthly
$3,763.44 /mo

Listing courtesy of: Jennifer Brown MRP , A.E.M Home

Assumed Rate

7.07%
7.15%

Principal & Interest

$3,376 /mo
$3,403 /mo

What's Special

MINUTES AWAY
SPACIOUS
VAULTED CEILINGS
DECK
FULLY FURNISHED

Fully furnished mountain home in the well established Arrowhead community. Enjoy the 744 square feet of additional living space above the garage in addition to the main house living space. In the main house you will be greeted with plenty of natural light and tongue and groove vaulted ceilings. In the kitchen you will find all brand new appliances that will stay with the home. Enjoy the lovely views from the upper level boasting an amazing loft area great for those quite peaceful mornings. This beautiful cabin is setback away from the roads and tucked into the tranquil sounds of the wooded area. Picturesque views from the three, multilevel, decks. Off the spacious primary bedroom step out side into the fresh mountain air and relax in your New hot tub. This property comes with a detached oversized garage pull through garage with the bonus space above. Only minutes away from the winter parking lot, you can enjoy this cabin in the winter time for a nice winter wonderland retreat. The Polaris Expedition 1000 Side by side is negotiable. Brand new appliances, Renewal by Anderson window and doors have recently been installed August 2024 with lifetime transferable warranty. The Arrowhead community offers three lakes/ponds that you can enjoy as well as trails for biking or riding your atv or side by sides on. Enjoy a warm meal at the lodge or sit outside and listen to the music provided by the bands that the lodge brings in during the summer weekends. This community offers several events and get togethers throughout the year so take a look at what they have to offer and enjoy this amazing community. Enjoy year round trips to the wonderful Blue Mesa Reservoir for fishing. Big Game hunting only minuets away from the community. HOA maintained nordic cross country ski track. Revel at the natural sites of the Black Canyon. Ski the slopes of Telluride or Monarch for a quick day trip or Bask in the sun in the Hot springs of Ouray, Co or listen to the sounds of Box Canyon.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
7.07
Remaining Loan Term
28 years, 6 months
Monthly PITI
$3,763.44/mo
Estimated Loan Balance
$497,050
Cash to close
$278,847
Interest Paid
$53,056

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), None
  • Heating: Baseboard, Electric
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Electric, Pellet Stove
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing:
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Metal
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Arrowhead
  • Features: Hiking or Biking Trails, Lake, See Prop Desc Remarks
HOA
  • Has HOA: No
Location
  • Region: Cimarron

Financial Details

  • Price per Sqft: $348
  • Tax Annual Amount: $2050.17
  • On Market Date: 2025-04-02T21:37:58.000Z
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 $278,847 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $278,847!

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

Loan Breakdown

Assumed Mortgage7.07% Sellers Rate
$496,153
Your Cash$278,847
Total Purchase Price:$775,000

Assumed vs Traditional Mortgage

Assumed @ 7.07%
$3,376/mo
Traditional @ 7.15%
$3,530/mo
You save $154/month ($1,849/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 8871364

Listing From:

Last updated: 2025-04-23T18:44:39.000Z

© , PPMLS. 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.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Assumed Rate

7.07%
7.15%

Principal & Interest

$3,376 /mo
$3,403 /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 $278,847 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $278,847!

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

Loan Breakdown

Assumed Mortgage7.07% Sellers Rate
$496,153
Your Cash$278,847
Total Purchase Price:$775,000

Assumed vs Traditional Mortgage

Assumed @ 7.07%
$3,376/mo
Traditional @ 7.15%
$3,530/mo
You save $154/month ($1,849/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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