1260 W Coyote Run Trl, Prescott, AZ 86303
4 beds · 3 baths · 3,700 sqft sqft
Nestled among towering ponderosa pines, manzanita, junipers, this stunning custom home offers breathtaking views in every direction, creating a serene oasis that harmonizes privacy with the beauty of nature. A long inviting driveway with two entrances leads you to this completely renovated residence, featuring a covered Trex front porch with side lights and new Mulberry front door adorned with prism beveled glass. Inside, a grand entry with high ceilings welcomes you, two staircases that lead you to a separate primary suite and large secondary bedrooms. The main floor boasts versatile living spaces, including a sitting area, two living rooms-one featuring a cozy river rock gas fireplace-and a spectacular view of Thumb Butte. A formal dining area. The gourmet kitchen is a chef's dream, central island equipped with cabinets, granite countertops, knotty alder cabinetry, stainless steel appliances and walk-in pantry. Natural light floods the space, enhanced by two new solar tubes and upgraded light fixtures throughout. A spacious laundry room with utility sink and cabinets. A convenient half bath for guests, multiple decks, including a redwood deck off the kitchen and a screened in porch leading to the west deck with a Sundance hot tub, make this home perfect for entertaining. Upstairs, the expansive primary suite features large windows, corner gas fireplace with stacked rock, separate office with built-ins, a private deck, two walk-in closets, a luxurious bathroom with tiled rain shower and soaking tub, dual sinks and vanity. From the second staircase entrance, three generous secondary bedrooms share a well-appointed 3/4 bath. Two of the bedrooms have window seats with storage. Standard closets with sliding doors and shelving. A tiled rain shower, dual sinks and vanities. With abundant storage, three-car garage with new doors and openers. A host of modern upgrades-including a new roof with ridge vent, furnace, a/c coil, electronic air filter and sanitizing UV light on furnace, two gas packs in the bedroom wings and recirculating hot water heater. Exterior painting, new fascia, gutters and downspouts. All upgraded interior and exterior lighting. Owned security system for home monitoring. This beautiful home is minutes from downtown historic Prescott!
Source: ARMLS #6773271
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6773271
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: #6773271
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.