740 Lucky Lady Dr Woodland Park, CO 80863
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About this home
Beautifully updated custom home on 5 private acres in desirable Flying Cloud Estates with sweeping views of Pikes Peak. The inviting contemporary mountain design features open-beam vaulted ceilings, oak flooring, granite counters, hickory cabinets, and expansive windows to showcase the surrounding scenery. Recent upgrades include full interior paint, fresh exterior stain, new electrical switches/outlets, updated plumbing and lighting fixtures, and a new water softener. Thoughtfully offered fully furnished with high-end designer pieces and curated local artwork, this home is move-in ready. The main level offers an open kitchen with island and pantry, adjoining dining areas, and a spacious living room anchored by a striking floor-to-ceiling three-sided quartz fireplace. A main-level secondary suite with adjoining bath provides flexibility for guests. Upstairs, the primary suite boasts clerestory windows, a 5-piece bath with jetted tub, walk-in closet, and a private Juliet balcony facing Pikes Peak. An additional bedroom, full bath, and loft living area with its own balcony complete the upper level. A full unfinished walk-out basement (over 1,600 sq ft) along with unfinished space off master closet provides abundant storage today and offers tremendous opportunity for future finished space. Outdoor living shines with a huge wrap-around composite deck, rock gardens, mature pines and aspens, and frequent visits from local wildlife. Awning windows allow fresh air circulation even during rain. Utility costs are exceptionally low, supported by efficient systems and thoughtful upgrades. Take a golf cart directly from your driveway with cart path access to Shining Mountain Golf Course. Minutes from Woodland Park amenities, hiking, and year-round recreation. Enjoy the best of Colorado mountain living—quiet, private, and scenic, yet convenient to town.
Source: PPMLS #8522331
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.