400 W Shideler Ave Cripple Creek, CO 80813
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About this home
Your Private Mountain Retreat with 360° Views, Horse Zoning & Short-Term Rental Opportunity! Perched atop a hill with unmatched views of four iconic Colorado mountain ranges—Pikes Peak, the Sangre de Cristos, the Collegiate Peaks, and the San Juans—this 7.77-acre property offers unrivaled privacy, panoramic beauty, and flexible use potential. Zoned A-1 and fully fenced with a security gate, the land is ready for horses, livestock, or your next investment venture, including short-term rentals with no city license requirement. This 3-bedroom, 3-bath home is drenched in natural light from expansive windows in nearly every room, capturing breathtaking views from sunrise to sunset. The chef’s kitchen features granite countertops, stainless steel appliances, a walk-in pantry, and wraparound mountain views, making it the heart of the home. Entertain in style with a massive living room, a game room complete with a dry bar, pool table, and hot tub, and a spacious wraparound porch perfect for coffee mornings or watching fireworks over Pikes Peak on New Years & 4th of July. The primary suite offers a spa-like retreat with dual walk-in closets, a luxurious 5-piece bath, and its own private balcony. A full walk-out basement with 9-foot ceilings provides additional room to grow—ideal for finishing into more bedrooms, a gym, or rental space. Extras include: • Optional Assumable Loan • Mineral rights included • Two offices (main level and basement) • Attached oversized 2-car garage and 10+ off-street parking spaces • Updated Lighting, Exterior Updates, New Roof & Gutters, Paint and more! This property is not just a home—it's a lifestyle investment. Whether you're dreaming of a mountain sanctuary, vacation rental, or horse property, the opportunities here are endless.
Source: PPMLS #6095091
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.