42311 Forest Oaks Dr Elizabeth, CO 80107
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About this home
Welcome to a home where space, style, and comfort come together in perfect harmony. Set against the backdrop of the 16th tee at Spring Valley Golf Club, with panoramic views of Pikes Peak and unforgettable sunsets, this expansive two-story residence offers a peaceful and elevated living experience. With 5 generously sized bedrooms and 5 bathrooms, this home is designed for both relaxation and entertaining. The main level blends formal and casual spaces seamlessly—from the elegant dining area to the expansive kitchen and great room, anchored by a sleek gas fireplace. The kitchen stands out with an eat-in island, ample cabinet storage, and a walk-in pantry—tailored for effortless hosting and daily living. A main-floor bedroom with a private ensuite adds flexibility, perfect for guests or multi-generational living, while a thoughtfully placed powder bath enhances convenience. Upstairs, the primary suite delivers a private escape, featuring a luxurious 5-piece bathroom with double vanities, a soaking tub, separate shower, and a spacious walk-in closet. A central loft area offers versatile potential—ideal for work, leisure, or creative pursuits. Three additional bedrooms, two additional full bathrooms, and a well-positioned laundry room complete the upper level. The full, unfinished basement invites endless possibilities, whether it's expanded living space, storage, or a custom project waiting to be realized. The 3-car garage offers abundant room for vehicles, tools, or workshop space. With a brand-new roof installed in May 2025, this home delivers not only beauty but long-term value. Located in Spring Valley Ranch, this is a rare opportunity to embrace comfort, privacy, and panoramic views in one remarkable setting. Come experience this home for yourself. You might just fall in love.
Source: RECO #4305829
Neighborhood
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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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