1003 Kings Crown Rd Woodland Park, CO 80863
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About this home
Just two minutes from downtown Woodland Park, yet worlds away in feel, this stunning raised ranch home offers privacy, tranquility, and beautiful westerly views. Perfectly perched among the trees in the desirable neighborhood of Paradise Estates. With views of Woodland Park, and Pikes Peak, you’ll enjoy breathtaking sunsets. Set on a treed 0.61-acre lot, this cedar-sided 4-bedroom, 3-bath home has been upgraded throughout. A recently installed, 50-year rated metal roof with skylights enhances both durability and natural light. The freshly painted wraparound deck invites you to relax and entertain! Inside, the great room features vaulted ceilings and a striking moss rock natural gas fireplace—ideal for cozy winter nights. The kitchen is a cook's dream, showcasing newer stainless steel appliances, granite countertops, a deep composite sink, and an impressive 12-foot granite breakfast bar with a stylish shiplap accent wall overlooking the living room. Pella windows throughout the home, complemented by new interior paint, refinished oak hardwood floors, a rustic pine stairway, solid pine doors and trim, and all-new light fixtures. Additional highlights include a formal dining room, breakfast nook, and remodeled bathrooms with updated fixtures. The lower level offers new carpet in the bedroom and a Schrader wood-burning stove for added comfort. Tech-savvy amenities include Wi-Fi garage door openers and a Tesla electric car charger. 11-inch-thick newly paved asphalt driveway, and a storage shed for extra space. Just minutes from the conveniences of town, and with National Forest access nearby for hiking and adventure, this home delivers an unbeatable combination of seclusion, and accessibility. possibility to be a wonderful 2nd home, and easy access and proximity to the schools. Terrific mountain bike riding throughout the region, and hiking in nearby National Forest.
Source: RECO #4360240
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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