1563 BAGUETTE DR, Castle Rock, CO 80108
Welcome to a truly custom property! Every space has been carefully updated to make this a one-of-a-kind home. Sitting over a quarter acre, backing to open space, with a fully finished basement that is perfect as in-law suite, income property or multigenerational space, this home is sure to impress you. Walking in, you are greeted with the grand foyer, featuring a spiraling staircase, custom tiled inlay floor, and custom distressed hardwood flooring! The walls have been finished with hand troweling or venetian plaster. The formal living room and dining room (currently used as an office) stay bright with two sets of bay windows looking to the front yard. The kitchen is a chef's delight with a gas cooktop and double oven & butler's pantry. A custom tile backsplash & quartz counters with an eat up bar. Plenty of counter space will make those complicated dinners simple, with the butcher block island and separate french doors out to the oversized deck. The family room lets the natural light pour in with its floor to ceiling windows that run up the 20' walls. The custom wood wall & fireplace surround is a statement piece. The office is currently used as an artist studio & has transom window & french doors. The powder room and laundry room complete the main floor. Moving upstairs on the spiral staircase you will find the huge primary bedroom. Overlooking the open space behind, this oversized space has sitting area and comes complete with its own 3-sided fireplace with adjoined five-piece bath! The primary closet is a one of a kind with a Victoria's Secret design. In the basement, you will find the fully finished in-law suite/2nd home space featuring a fully equipped kitchen, eat up bar, family room, two bedrooms, and a shared 3/4 bath with another laundry space. The parklike backyard is an oasis at the end of the day with mature trees, low maintenance plants & trees and expanded living spaces. Don't walk, run to see this home today!
You may be able to put down less than the total down payment amount of $513,771 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #2001370
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