319 Arkansas St Buena Vista, CO 81211
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About this home
FIXER-UPPER! Victorian charm meets modern potential--welcome to your dream home in the heart of Buena Vista! This stunning Victorian-style residence sits proudly on a coveted, oversized corner lot. With timeless charm and unique features, this property offers a rare opportunity to own a slice of Buena Vista's history and beauty. With some vision and TLC, this property can be yours for years to come. Step inside to discover an open floor plan filled with natural light. Numerous custom windows and skylights flood the home with sunshine. Newly refinished hardwood floors throughout much of the main level shine beneath your feet. The inviting layout is perfect for both relaxing and entertaining. This property features two additional outbuildings. The first is a charming historic shed that offers flexible space for storing outdoor gear, bikes, skis, or seasonal items. The second is a converted garage—ideal as a home office, craft space, or extra yoga studio—just add utilities and there is huge potential for customization. With 3 lots, for a total of .21-acres, this home offers a spacious yard for gardening, outdoor dining, or soaking up the mountain air. Location, location! Here you’re within walking distance to Buena Vista’s best spots: Main Street eateries and shops-- a micro-brewery, distillery and wine-tasting bistro-and also the post office, grocery store, and public library. Buena Vista is an absolute haven for outdoor enthusiasts. Take in the whitewater park near South Main and try your skills at river surfing, or book a trip with a local rafting company and explore Brown’s Canyon National Monument. Whether you're hiking, biking, or soaking in nearby natural hot springs, adventure is always at your doorstep. With its prime location and coveted Old Town zoning, this property holds excellent potential as a short-term rental, home occupation, or future ADU. Don't miss this one-of-a-kind gem in Buena Vista—a perfect blend of history, beauty, and possibilities.
Source: RECO #3291079
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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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