1856 Southfork Pl Paso Robles, CA 93446
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About this home
Discover the ultimate luxury lake home, perfectly designed for either multi-family shared lake home or a spacious single-family home. Situated on a 0.34-acre lot in the Lake Nacimiento gated community of Heritage Ranch, this residence combines elegance, functionality, and resort-style comfort with expansive mountain views and protected green space as its backdrop. An oversized three-car garage provides ample storage for all your lake toys, while a separate 575 sq. ft. suite (not included in the home’s listed square footage) offers a private gym, office, and half bath. This flexible space is ideal for remote work, recreation and wellness. Inside, soaring beamed ceilings, two stone fireplaces, wet bar, and two spacious living rooms set the stage for both relaxation and entertaining. The kitchen is thoughtfully designed with a center island cooktop, double ovens, stainless steel appliances, walk-in pantry, built-in buffet, and breakfast bar, making it perfect for daily living or hosting gatherings. Two primary suites each feature dual vanities, walk-in showers, walk-in closets, and sliding doors that open to outdoor living spaces. One suite also includes a private lounge or office area. A third guest bedroom with a full bath and a separate laundry room add further convenience. Outdoors, enjoy a large covered patio for dining, a covered hot tub, and open space to take in the surrounding views and wild life. Fully owned solar panels installed in 2024 along with a new roof ensure efficiency and minimal electric costs. This home is a private lake retreat thoughtfully crafted for everyday living, multi-generational convenience, and unforgettable entertaining. Life at Heritage Ranch extends far beyond your property line. As a resident, you have exclusive access to a suite of amenities designed for recreation and relaxation. Spend sun-drenched days on the lake using the private marina and boat launch ramps. Unwind at one of two community pools, challenge friends to a match on the tennis and pickleball courts, or explore miles of scenic trails. With parks, playgrounds, an equestrian center, and 24-hour gated security, Heritage Ranch provides a vibrant and secure environment for all ages.
Source: CRMLS #PI25167987
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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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