3352 County Road 51 Divide, CO 80814
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About this home
Situated on 2.93 acres in the serene Broken Wheel Village, this 2,358 sq. ft. log cabin offers the perfect blend of rustic charm and modern comfort. Featuring 4 bedrooms and 3 bathrooms, this home is designed for those who appreciate nature, privacy, and space. A covered front porch welcomes you into a stunning great room, where exposed logs and beams, updated luxury vinyl plank flooring, and a cozy wood stove create a warm and inviting ambiance. The galley-style kitchen is thoughtfully designed with 2 pantries and a patio door leading to a rear deck, complete with an enclosed hot tub and gazebo area for ultimate relaxation. Main level also includes a bedroom, half bath, and a laundry room with a sink. Upstairs, the vaulted-ceiling master suite features ensuite bath with double sinks and a tub/shower combo, walk in closet. 2 additional bedrooms and a full bath provide plenty of space. The lower level is a true retreat, offering a theater room with a screen, projector, theater seating, all included with the home. Additionally, a large storage room and mechanical room house (furnace, water heater, and pressure tank) extra storage space for convenience. Attached oversized 2-car garage provides ample storage, while large roundabout driveway offers multiple parking areas, ideal for boats, trailers, RVs. The property also features a greenhouse with raised beds, a storage shed, zoned for horses, making it a dream for those who enjoy outdoor living. Just minutes from Pike National Forest, this location provides access to hiking, camping, hunting, and off-road adventures, all set against the stunning backdrop of towering pines, Douglas firs, and golden Aspen trees in the fall. Recent improvements include a new roof within the last five years and fresh exterior staining in 2024, ensuring the home is well-maintained and move-in ready. Whether you’re looking for a full-time residence or a weekend getaway, this beautifully maintained log home offers a true Colorado retreat.
Source: PPMLS #6647752
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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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