1192 Lost Elk Loop, Castle Rock, CO 80108
4 beds · 4 baths · 4,232 sqft
If you missed this extraordinary home the first time, take a 2nd look! PRICED BELOW MARKET, this is a rare opportunity to own a like-new, award-winning 4 bed | 4 bath residence with breathtaking wall-to-wall sunset | mountain views in the gated, coveted Village at Castle Pines community. Entering the foyer, you’ll find a stunning glass-walled office to the right and a convenient 2nd bedroom with en suite bath, laundry room, and powder room to the left. The impressive great room, with soaring ceilings and expansive windows framing magnificent mountain scenery, is complemented by a striking 65” linear fireplace with a custom iron mantel. The well-appointed kitchen features top tier JennAir appliances, Sub-Zero refrigerator, and quartz counters, all centered around a sleek island with bar seating for 4. The adjacent dining area comfortably accommodates gatherings of up to 8, and opens to a large main level deck - perfect for watching brightly hued sunsets and dramatic weather rolling in over the peaks. The primary suite is a serene retreat, offering automated shades, a custom closet, and seamless access to a huge spa-inspired en suite bathroom with dual vanities, soaking tub, and an enormous shower. The spacious, light-filled lower garden level features versatile areas for recreation, fitness, and entertainment. 2 large bedrooms, a full bathroom, and a huge, unfinished storage room - perfect for customization and expansion - round out this floor. Practical yet luxurious touches include solid core doors, 5-inch engineered wood floors, Navien tankless water heater, and in-ceiling speakers. 3- car garage. Nicely maintained and nearly new, this open concept residence captures the essence of refined Colorado living. Perfectly located within walking distance to dining, shopping, fitness facilities, pools, and sport courts, this home harmoniously blends the low maintenance luxury, convenience, views, value, and beauty you've been waiting for.
Source: RECO #6393061
Interest rate and monthly payment estimated based on public records.
Source: RECO #6393061
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #6393061
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