1043 Kings Crown Rd Woodland Park, CO 80863
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About this home
Amazing home on 1.1 ACRES in WOODLAND PARK with separate entrance APARTMENT. The property alone impresses with gorgeous mature trees and the home nestled within it all. Walking into the raised ranch style home you enter with a set of stairs in front to the main level and the lower level wrapping around with bedrooms one and two and a 3/4 bath. The main level astounds with a gorgeous vaulted wood ceiling in the great room which features picturesque windows and walkout access on both sides of the room to either a deck or patio. The kitchen sits just off the great room with beautiful wood cabinetry and stone countertops with an adjacent informal dining area. Just beside the dining area is a private office space featuring french doors creating the perfect environment for the at home worker. Down the hall is bedroom three and four with one room having walkout access to a deck and both sharing a full bath. The upper half level features a spacious primary suite with ensuite 3/4 bath, private sitting area, walk-in closet and walk out access to another private deck. Continuing to the apartment, the space may only be accessed from an outside door and not within the home and is a great income opportunity for a long term or vacation rental as well as a possible in-law suite. The apartment walks into a living and fully functional kitchen area. The space has one bedroom and a 3/4 bath. This home has it all and is in a prime location in Woodland. An incredible community with a great downtown area, whether it be the history of the Donut Mill and their great treats, the Ute Inn for a fun night, or a locals favorite the Hungry Bear for breakfast. Woodland Parks access to amazing outdoor activities is also endless with places like the Tarryall river, 11 mile canyon, and Rainbow Falls to name a few are not far away.
Source: PPMLS #5213645
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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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