4225 Walker Rd Colorado Springs, CO 80908
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About this home
Tucked away on nearly 10 pristine acres of pine covered serenity, this one of a kind 6003 sq ft estate offers ultimate privacy, luxury, and equestrian living- just 20 minutes from shopping, dining, and urban conveniences. Designed for both relaxation and entertainment the home features a gourmet kitchen, with top-of-the-line appliances, expansive granite counters, and custom cabinetry. The open concept living areas are bathed in natural light and boast breathtaking views of Pikes Peak, visible from multiple rooms and outdoor spaces. Indulge in year-round wellness with your own hot tub and indoor pool, nestled in a vaulted atrium-style enclosure that brings the outdoors in. Whether you're hosting guests or enjoying a quiet morning swim, the ambiance is unmatched. Outside, the property is zoned for horses. The "barn" (11,976 SF) has a 78' by 58' indoor riding arena, 8 stables with heat, 3-bedroom caretaker residence, tack rooms, office space, feed room, and bathroom. There is also nearly 2,000 SF of covered outdoor storage. The barn has not been used by the current owner but is ready to create new value for a buyer. The grounds are fully usable and ideal for those seeking the tranquility of country life without sacrificing proximity to excellent D-38 schools and city amenities. This is more than a home-it's a retreat, a lifestyle, and a rare opportunity to own one of the area's most private and versatile properties. Please do not disturb guests by driving on property as this is an active VRBO.
Source: RECO #3359085
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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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