11665 Greentree Rd Colorado Springs, CO 80908
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About this home
Nestled in the serene Black Forest neighborhood of Colorado Springs, this updated 4-bedroom, 4-bathroom ranch-style home blends modern elegance with rural charm on a sprawling 5-acre lot. Surrounded by towering ponderosa pines, the property offers ample space for gardening, chickens, small farming, art or hobby space and outdoor activities—ideal for homestead lifestyle or tranquil retreat. The home’s timeless brick exterior exudes durability and classic appeal, enhanced by a spacious deck off the master suite for private relaxation. The backyard is a standout feature, beautifully landscaped with elegant paver stones and a charming swing, creating an inviting oasis for entertaining or unwinding in nature. Inside, freshly painted walls and stylish vinyl plank flooring create a bright, contemporary ambiance. Large windows flood the open living areas with natural light, highlighting cozy fireplaces perfect for gatherings. The updated kitchen features modern appliances, ample cabinetry, and generous counter space, flowing seamlessly into dining and family areas. The master suite, with private deck access and an en-suite bathroom with modern fixtures, offers a serene escape. Three additional bedrooms provide versatility for family, guests, or home offices, with bathrooms showcasing clean designs, tiled showers, and updated vanities. Practical amenities include efficient baseboard electric radiant heating, a 2-car attached garage, and a 2-car detached garage with finished bonus space above—perfect for a studio, office, or guest quarters. With no HOA restrictions, the 5-acre lot allows endless possibilities to customize your outdoor haven. Black Forest’s large-lot community is renowned for its peaceful, nature-rich setting, with hiking trails, abundant wildlife, and wonderful community. It's not just a retreat, it's home!
Source: PPMLS #2432772
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.