809 N Colcord Rd Payson, AZ 85541
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About this home
Discover Your Dream Retreat at 809 N Colcord Rd, Payson, AZ! Nestled in the serene and picturesque Payson North, this beautifully renovated 3-bedroom, 2.5-bathroom home at 809 N Colcord Rd offers the perfect blend of modern comfort and small-town charm. Whether you're seeking a peaceful getaway in the cool pines or a vibrant year-round residence, this property delivers exceptional value and endless possibilities. Fully Renovated for Modern Living Step inside to experience a home that feels brand new! This meticulously updated residence boasts a new roof, new water heater, and state-of-the-art mini-split heating and cooling systems, ensuring year-round comfort and energy efficiency. Freshly painted inside and out, the home radiates a bright, welcoming ambiance that's ready for you to make your own. Every detail has been thoughtfully addressed, offering a move-in-ready experience with no detail overlooked. Spacious & Versatile this home features 2 bedrooms and 2 bathrooms in the main house, complemented by a separate guest suite with its own bedroom and ½ bathroomperfect for hosting parents, guests, or even creating a private home office or rental opportunity. The open and airy living spaces flow seamlessly, creating an inviting environment for both relaxation and entertaining. Prime Corner Lot with Endless Possibilities Situated on a spacious, fully fenced corner lot, this property offers ample room for your lifestyle needs. Bring your RV, boats, or outdoor toysthere's plenty of space for parking and storage. The fenced yard is a haven for pets or a secure play area for children, making it ideal for families or those who love outdoor living. Mature trees and the natural beauty of Payson's pines provide a serene backdrop, creating a private oasis in the heart of town. Unbeatable Location in the Heart of Payson Centrally located in Payson North, this home is just steps away from the vibrant Rumsey Park, where you can enjoy a variety of amenities, including a library, dog park, baseball fields, and scenic hiking trails. Stroll east to discover charming shops, restaurants, and cafes right around the corner, offering the perfect blend of convenience and community. Whether you're grabbing a coffee, dining out, or exploring the local scene, everything you need is within easy reach. A Home with Heart & History With only two owners since being built, this home has been cherished and well-maintained, offering a rare opportunity to own a piece of Payson's charm. The thoughtful renovations blend modern upgrades with timeless appeal, making it an ideal choice for those seeking a cozy retreat or a forever home. Whether you're escaping the hustle and bustle for a weekend getaway or settling down for year-round living, this property is perfectly suited for both. Why Payson? Known as the 'Heart of Arizona,' Payson offers a unique combination of small-town warmth, stunning natural beauty, and endless outdoor adventures. Surrounded by the Tonto National Forest, you're just minutes from hiking, fishing, and exploring the breathtaking Mogollon Rim. Enjoy cool summer evenings under the pines and mild winters that make Payson a true four-season destination. Priced to Sell - Don't Miss Out! This charming home is priced competitively, offering incredible value in one of Arizona's most desirable
Source: ARMLS #6899249
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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.