18578 E Pine Barrens Ave, Queen Creek, AZ 85142
4 beds · 3 baths · 2,931 sqft sqft
Welcome to this spacious and inviting 2,931 sf single-level home in popular Sossaman Estates, ideally located at the Gilbert/Queen Creek border! Designed with a modern open floorplan and 10 ft ceilings, this home offers comfort and plenty of space for everyday living and entertaining. The kitchen is ready for every chef's needs, featuring double wall ovens, a prep island with cooktop and breakfast bar, ample counter space, and plenty of cabinets. A bright breakfast nook with bay windows, an extra-large dining area, and a butler's pantry with built-in wine racks add even more charm and functionality. French doors from the living room open up to a sizable backyard complete with a covered patio, pergola, and mature trees. Side yards offer potential for an RV gate and additional storage space. The spacious primary suite provides a relaxing retreat with two walk-in closets, access to the backyard, a garden tub, a large shower, and dual vanities. Additional highlights include three well-sized bedrooms, a versatile bonus room, and built-in workstations perfect for work-from-home or study areas. The large laundry room with folding counter and plenty of storage space adds convenience. Set on almost 1/3 acre on a corner lot, there's a 2-car garage and slab parking for up to four vehicles, ideal for families and gatherings. This home's location is a dream, with easy access to greenbelts, walking trails, shopping, dining, schools, and the 202 freeway. As an estate sale, it's priced generously under market value for potential instant equity! Recent updates include: *NEW BLINDS: In Kitchen, Dining Area, Living Room, Master Bedroom, & Bedroom 4. *PLUMBING: NEW Water Softener. Water Lines Flushed. New Valves/Cartridges in Kitchen, Bathrooms, Laundry Room, & Hose Bibs. Repaired Toilet/Shower Head Leaks. *ROOF: Repaired Cracked/Slipped Roof Tiles/Mortar Caps. *HVAC: NEW Condensers w/10 yr warranty. *MISC: Repaired Bathroom Fans & Sink Stops. Secured Toilet Tank, Kitchen Cabinet & Door Thresholds.
Source: ARMLS #6765313
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6765313
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: #6765313
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.