555 Hidden Marsh Rd Monument, CO 80132
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About this home
Discover unparalleled comfort and style in this stunning 4,706 SF home perfectly situated on a serene 1/2 acre+ lot in the coveted Woodmoor community of Monument. Built in 1985 and thoughtfully updated, this 6 bedroom, 4 bathroom home blends timeless charm with modern upgrades, offering an ideal setting for living, entertaining or quiet relaxation. Step inside to a warm and inviting interior featuring brand new carpet throughout and two cozy fireplaces - one on the main level and another in the luxurious master bedroom, creating a perfect ambiance. The newly remodeled showers in the bathrooms boast contemporary finishes, elevating daily routines to a span-like experience. A finished basement adds versatile living space, complete with a dry sauna, wet bar, and walkout. The exterior shines with fresh paint and exceptional outdoor spaces, including a new composite deck for effortless entertaining and a serene view of one of Woodmoor’s meadow common areas. Additionally, a secondary wood deck and concrete patio have been recently completed for additional leisure and enjoyment of this park-like setting. The large covered front porch welcomes you to enjoying peaceful mornings surrounded by Woodmoor's natural beauty. Nestled on a quiet cut-de-sac, the serene half-acre lot offers privacy, mature trees, scrub oak and ample space for outdoor activities. Additional recent upgrades including a brand new furnace installed in January and newer roof with upgraded class 4 shingles (transferable warranty)! Located in the heart of Woodmoor, this home provides easy access to Monument's charming downtown, top-rated schools and the vibrant amenities of nearby Colorado Springs. Whether you are drawn to the tranquility of suburban life or the proximity to outdoor recreation, this meticulously maintained property is a rare find.
Source: PPMLS #8392573
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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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