3197 Cool Meadow Pl Castle Rock, CO 80104
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About this home
Substantial $50,000 Price Reduction extended into November! Seller is offering this incredible 5 bed, 5 bath home at a limited-time price—reduced by 6% for October/November offers. Don’t miss this rare opportunity. 4th quarter is historically one of the best times to purchase in Colorado, and this home offers exceptional value at $150/sf! Over 5,200 square feet, backing to open space, with a walkout professionally finished basement complete with a second kitchen—perfect for multigenerational living or income potential. Tucked away at the end of a quiet cul-de-sac and backing to open space, this two story home offers an ideal mix of location, function, and style. From the welcoming front porch to the foyer with soaring ceilings and hardwood floors, you’ll feel right at home. The formal dining room connects to a butler’s pantry with beverage fridge and walk-in pantry. A chef’s kitchen features a granite island, stainless steel appliances including a built-in refrigerator, gas cooktop, and double ovens. The breakfast nook and great room with fireplace capture peaceful views of trails and open space. A private study with French doors, powder bath, and large laundry with sink complete the main level. Upstairs, a loft and study nook provide flexible living. The primary suite includes a walk-in closet and four-piece bath. One secondary bedroom has its own en suite, while two others share a full guest bath.The finished walk-out basement is fully permitted as an Accessory Dwelling Unit (ADU). This bright level offers a living room, kitchen, dining area, bedroom with walk-in closet, full bath, and two storage rooms—ideal for multigenerational living or income potential. Located in the desirable Carriage Hills section of Crystal Valley Ranch, the home is close to community amenities and trails.
Source: RECO #5781687
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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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