5475 W Three Forks Rd Prescott, AZ 86305
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About this home
Experience refined Prescott living in this stunning 3-bedroom, 3-bathroom custom home nestled on a .66-acre lot with breathtaking Granite Mountain views. Thoughtfully designed by Reserve Homes, this 2,323 sq ft residence offers exceptional craftsmanship, modern finishes, and seamless indoor-outdoor living. Step inside the great room, where raised ceilings, floor-to-ceiling stone fireplace with stone mantle, and porcelain tile flooring create a warm, sophisticated atmosphere. A sliding glass door opens to the expansive patio, filling the home with natural light. The chef's kitchen is both functional and beautiful, featuring quartz countertops, a large island with ample storage and bar seating, KitchenAid appliances, wine fridge, custom cabinetry with under-cabinet lighting, quartz backsplash, and a walk-in pantry. The primary suite is a private retreat, showcasing porcelain tile flooring, patio access, a spacious custom closet, and a luxurious ensuite with dual vanities, quartz countertops, custom lighting, and a walk-in tile shower. Guests will appreciate the private suite with its own dual-sink ensuite and walk-in closet, while the third bedroom/office offers flexibility with patio access and additional storage. Enjoy Arizona's stunning sunsets from the large covered patio and extended paver patio, complete with a built-in firepit, hot tub, and fully fenced yard for privacyenhanced by Austrian pine trees. The oversized 3.5-car garage features epoxy floors, storage racks, backyard access with a flagstone walkway, and a generator with sub panel. Additional highlights include a paver driveway, custom double-door entry with frosted glass, flagstone walkways, and southern orientation for ideal light. A well-appointed laundry room includes LG washer & dryer, utility sink, ample storage, and a built-in drying rack and ironing board. This home is a perfect blend of luxury, comfort, and thoughtful design all in the Talking Rock community with Granite Mountain Views. Talking Rock is an exclusive private golf community offering members and their guests an unmatched blend of hospitality, comfort, and western elegance. Amenities include an award-winning Jay Morrish-designed golf course, a state-of-the-art Fitness Barn, the Ranch House Restaurant and Bar, Coop's Coffee House, a Members Lounge, racquet sport courts, a dog park, a community garden, and over 14 miles of scenic hiking and biking trails. Enjoy a mild four-season climate that allows for year-round golf and outdoor recreation in a truly exceptional setting. Membership to the Talking Rock Club is required by the buyer at close of escrow. Buyers may choose from Social or Golf membership options.
Source: ARMLS #6944525
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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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