455 Clio Ave Palmer Lake, CO 80133
Your savings
About this home
Charming 1500+sqft rancher on a .22 acre lot in the Town of Palmer Lake! Ideal location for lovers of nature’s playground, with two National Forest trailheads just a short walk from the front door! Award winning District 38 schools, with Palmer Lake Elem. about a mile away. Enjoy the views of Raspberry Mountain at the top of this serene property from the new swinging bench. Or, sit on the back deck, and listen to the peaceful sounds of the frogs in the neighbor's pond. Inside, this light, bright and open home has vaulted ceilings, crown molding & newer carpet/LVP throughout & features...19'x19' living room w/large window, efficient updated wood burning FP, display shelves & desk nook w/built-in bookshelves...adjacent dining area...12'x16' country kitchen w/charming wainscoting, ample oak cabinets, newer countertops, all black appliances, including 5-burner gas range & side-by-side fridge, large built-in pantry cabinet & cozy breakfast nook overlooking the backyard area...12'x16' primary bedroom w/corner windows, walk-in closet & French doors to the ensuite 5-pc bath w/updated double vanities & integrated sinks, plenty of linen cabinet storage, corner jetted tub w/charming candle chandelier & frosted octagon window, & newer shower enclosure...tucked away 2nd & 3rd bedrooms, one w/partial walk-in closet...updated full hall bath w/shower enclosure & linen cabinet...and mud/laundry room off the kitchen, w/included W/D, that takes you out to the back deck w/partial pergola. Outside, you'll enjoy the...partially fenced back yard area...plenty of scrub oak, mature trees & natural vegetation...tree fort...10'x20' shed...and level parking for three vehicles. Less than 1/2 mile to Glen Park, 1 mile to the Town restaurants/shops and Palmer Lake Regional Recreation Area, and 4 miles to the amenities of Monument and I-25, too! Washer(‘25) ;furnace('24); shed('23); kit. counters('22); water heater, carpet, LVP flooring, primary bath shower, main bath vanity('20); roof('16).
Source: PPMLS #5185983
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.