1727 N Royer St Colorado Springs, CO 80907
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About this home
Welcome to one of the largest and most striking homes to hit the market in the coveted Patty Jewett neighborhood in years. Blending timeless character with thoughtful updates, this five-bedroom, three-and-a-half-bath residence offers over 3,700 square feet of living space and the rare opportunity to own a piece of history reimagined for modern living. From the moment you step inside, you’re greeted by rich tiger-wood floors and natural woodwork that frame the main level, setting a warm, inviting tone. The chef’s kitchen is both functional and beautiful, featuring granite slab countertops, a walk-in pantry, and a convenient butler’s pantry, making it perfect for everyday living and entertaining alike. Two gas fireplaces—one in the main living area and another in the owner's suite—add charm and comfort throughout. Upstairs, the owner's retreat is a true sanctuary with vaulted ceilings, built-in bookcases, and a window seat ideal for quiet mornings. The spa-like bath offers a large walk-in shower and a classic claw-foot tub, while the generous walk-in closet provides ample storage. Though the backyard is modest in size, it offers a perfect canvas for a quality renovation and intimate outdoor living space. With its stucco exterior, covered porch, and terrace, the home balances curb appeal and functionality. What truly sets this property apart is its scale and presence. At over 3,700 square feet, it stands as a “historic giant” in Patty Jewett, offering a rare combination of size, charm, and potential in one of Colorado Springs’ most beloved neighborhoods.
Source: PPMLS #6143724
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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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