42028 Oakwood St Elizabeth, CO 80107
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About this home
Experience the best of space and warmth in this must-see, 5-bedroom, 6-bath residence—priced to sell. Set on nearly an acre in Spring Valley Ranch, this home backs directly to Spring Valley Golf Course, creating a serene backdrop and breathtaking views from the covered back deck that you’ll enjoy year-round. Upon entry, you’re welcomed by an office/sitting room and a formal dining room. Natural light floods the living space through large windows adorned with plantation shutters. The gourmet kitchen boasts granite countertops and ample storage, perfect for culinary enthusiasts, everyday living, and effortless entertaining. The main level includes a non-conforming bedroom and a newly remodeled half bath that’s plumbed and ready for a shower/tub addition. Convenience is built in with washer/dryer hookups on every level of the home. Upstairs, you’ll find five bedrooms, each with on-suite access to its own bathroom, including a Jack-and-Jill shared by two of the rooms - ensuring privacy and convenience for residents and guests. Recent upgrades include an electrical panel sized to support a future outbuilding and an EV charger in the garage. Step outside to the flat, private backyard with an expansive stamped concrete patio - an ideal spot for outdoor relaxation. Here, a private hot tub awaits, providing a perfect retreat with panoramic views of the golf course and surrounding landscapes. Nearby, a raised bed invites gardening enthusiasts to cultivate their favorite plants. The convenient 4-car garage ensures easy access and plenty of space for toys alongside a practical storage shed for outdoor equipment. Discover the ultimate blend of luxury, space, and natural beauty in Elizabeth’s premier golf course community.
Source: RECO #9479009
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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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