1495 S Elm St, Denver, CO 80222
3 beds · 2 baths · 1,226 sqft sqft
FRESH PAINT, FRESH PRICE! Welcome to 1495 S Elm Street in Denver’s historic Mid-Century Modern neighborhood, Krisana Park. Inspired by Joseph Eichler’s “California Contemporary” homes, architect Frenchie Gratts, supported by developers H.B. and Brad Wolff, designed this and other models built within Krisana Park. This home, the “Model 2E”, offers an open plan, floor-to-ceiling glass, post-and-beam construction, and a comfortable, low profile emphasized by the roofline and beams that welcomes occupants and visitors alike. Hardwood floors, bright walls, and tongue and groove ceilings wrap three bedrooms and two bathrooms. An open entry is flanked by a galley kitchen which looks over a long, bright living room, connected to a ground-level deck. Backyard views via a wall of glass are only interrupted by the fireplace. Comfortable bedrooms flank a wide hallway, leading to the primary suite, which offers its own private access to the backyard space. Mature trees and tasteful landscaping in combination with extruded walls and deep soffits support indoor and outdoor connections, and create inviting spaces on the outside of the home, or views for all seasons from within. The home itself is wrapped in patterns that reflect the use of concrete block and vertical redwood siding. While the home maintains much of the character and detail from when it was built in 1955, the home is updated to meet the demands of modern comfort and performance and is inclusive of central heating and cooling, water heater, an updated kitchen including appliances and cabinetry, electrical service, double-pane windows and glazing, and a radon mitigation system. The home also includes a solar panel array and 220V electric car charging station located in the single-car garage. This home is minutes from Wash and Platt Parks, Cherry Creek, and the University area. Don’t miss this opportunity to call this beautiful Krisana Park mid-century modern home your own! Photos are virtually staged.
Source: RECO #8188872
Interest rate and monthly payment estimated based on public records.
Source: RECO #8188872
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: #8188872
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