Gino Zabala

Gino Zabala

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$400,000

($0 down)*
FHA

Potential short sale please verify with your agent.

291 Palisade Mountain Drive, Drake, CO 80515

4
3
2,468 sqft
PITI Monthly
$2,913.23 /mo

Listing courtesy of: Jeff Abel, KW Realty NoCo-Estes

Assumed Rate

6.27%
7.15%

Principal & Interest

$2,557 /mo
$2,799 /mo

What's Special

SPACIOUS
HOME OFFICE
DECK
COZY

Welcome to your mountain retreat with quick access to both Estes Park and Loveland! This home offers expansive views from the deck that spans the entire main level, perfect for enjoying the stunning surroundings. Situated on over 1.5 acres, this property provides ample space for outdoor activities. The interior features an expanded and opened-up kitchen, designed for comfortable living and entertaining. The open floor plan includes cozy wood stoves on both floors, ideal for those chilly winter nights. The walk-out basement features a large family room, two bedrooms perfect for a home office or guest rooms, and a spacious storage area.Though the home does need some love, it comes with recent exterior paint, a new water heater, and a security system for peace of mind. There's also plenty of room for parking. The neighborhood is perfect for outdoor enthusiasts, offering the ability to bike, hike, and explore nearby forest service roads. Buyer to verify all information. Don't miss out on this unique opportunity to own this mountain home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.27
Remaining Loan Term
27 years, 11 months
Monthly PITI
$2,913.23/mo
Estimated Loan Balance
$436,920
Cash to close
$0
Interest Paid
$53,486

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Unknown
  • Heating: Baseboard
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Contemporary
Materials
  • Wood Frame
  • Roof: Metal
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cedar Springs Estates
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Cedar Springs
  • HOA Amenities: Unknown
  • HOA Fee: $52.5
  • HOA Frequency: $Annually
Location
  • Region: Drake

Financial Details

  • Price per Sqft: $162.07
  • Tax Annual Amount: $
  • On Market Date: 2024-07-18T00:00:00.000Z
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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$400,000
Your Cash$0
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$2,557/mo
Traditional @ 7.5%
$2,903/mo
You save $346/month ($4,155/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1014606

Listing From: recolorado

Last updated: 2025-03-25T01:51:20.000Z

© , 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

6.27%
7.15%

Principal & Interest

$2,557 /mo
$2,799 /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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$400,000
Your Cash$0
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$2,557/mo
Traditional @ 7.5%
$2,903/mo
You save $346/month ($4,155/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Real Brokerage
Agent/Broker
Gino ZabalaReal Brokerage(623) 552-1225ginozabalarealestate@gmail.comMLS SA712685000

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