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$520,000

($351,502 down)
FHA

37 Warm Springs Road, Fairplay, CO 80440

2
2
1,938 sqft
PITI Monthly
$1,501.09 /mo

Listing courtesy of: Jeni Friedrich, Christie's International Real Estate Colorado- Summit Colorado

Assumed Rate

3.71%
7.15%

Principal & Interest

$996 /mo
$1,459 /mo

What's Special

GATED COMMUNITY
DINING
SPACIOUS
FIREPLACE
DECK
CLUBHOUSE
TENNIS COURTS
AFFORDABLE
VACATION HOME

Welcome home to Warm Springs Ranch, this private, gated community is home to private, stocked fishing ponds, a large center swath of dedicated Nature preserve and miles of exclusive access to the National Forest. Founded in the mining days, remnants of old miner cabins dot the ranch and speak of when the property was a mecca for soaking in the "warm springs". Today it's a vibrant community of locals, investment properties and vacation homes. A clubhouse provides year-round events for community connections, tennis courts for pickleball, basketball and summer activities, a trash compactor and picnic area are just a few of the amenities unique to the Ranch. Embraced by National Forest to the West, owners have private access trails running through the neighborhood and many lots abut BLM and Conservation lands. This home is perched on a hillside above the largest pond with views that extend to Pike Peak, Mount Silverheels and endless plains. Home to moose, elk, deer, antelope and an array of wild birds, it's a nature lovers paradise. This ranch-style home is thoughtfully designed with the primary suite at one end and the other bedrooms on the other side of the kitchen/living area, for separation and privacy. A spacious dining room lends itself as a movie/game/theater space, office, home gym or a dining room for gatherings. The kitchen features a bar, laundry steps away and a window overlooking the private pond. The bedrooms are bright and inviting, with large windows and closets. The spacious living room features a wood fireplace and front deck access to the expansive front yard. A foyer with a freestanding gas woodstove connects to the attached 2 car garage. Just beyond that, the 30'x40' pass-through, heated garage makes the perfect expansive storage area for all your toys as well as a workspace for all your projects and hobbies. Short term rentals are allowed. Make plans to tour this affordable home in the Rocky Mountains.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.71
Remaining Loan Term
20 years, 0 months
Monthly PITI
$1,501.09/mo
Estimated Loan Balance
$169,913
Cash to close
$351,502
Interest Paid
$71,944

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard, Electric, Natural Gas, Wood
Features
  • Materials: Metal Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Free Standing, Gas, Wood Burning
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Private, Shared Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Modular
Materials
  • Metal Siding
  • Roof: Metal
Condition
  • Year Built: 1983
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Warm Springs
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Warm Springs Ranch
  • HOA Amenities: Unknown
  • HOA Fee: $1680
  • HOA Frequency: $Annually
Location
  • Region: Fairplay

Financial Details

  • Price per Sqft: $268.32
  • Tax Annual Amount: $2231
  • On Market Date: 2025-04-30T00:00:00.000Z
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Savings Calculator

Current cash to close is $351,502 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $351,502!

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

Loan Breakdown

Assumed Mortgage3.71% Sellers Rate
$168,498
Your Cash:$351,502
Total Purchase Price:$520,000

Assumed vs Traditional Mortgage

Assumed @ 3.71%
$996/mo
Traditional @ 7.15%
$1,513/mo
You save $518/month ($6,214/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC2078635

Listing From: recolorado

Last updated: 2025-05-01T00:23:21.000Z

© , 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

3.71%
7.15%

Principal & Interest

$996 /mo
$1,459 /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 $351,502 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $351,502!

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

Loan Breakdown

Assumed Mortgage3.71% Sellers Rate
$168,498
Your Cash:$351,502
Total Purchase Price:$520,000

Assumed vs Traditional Mortgage

Assumed @ 3.71%
$996/mo
Traditional @ 7.15%
$1,513/mo
You save $518/month ($6,214/year)

*Secondary financing rates are an estimated value based on input

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Agent/Broker
Billy AltAlt Group (702) 250-1090info@altgrouplv.comMLS BS.1001764

© 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 Alt Group 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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