2573 Lakes Edge Dr, Monument, CO 80132
5 beds · 3 baths · 3,255 sqft sqft
Views, views, views... this 5 bedroom, walk-out rancher on Pinion Lake will not disappoint! Day or night this gem offers breathtaking views of Pinion Lake, the mountains, the Air Force Academy & Colorado Springs city lights. The bright & open floor plan offers vaulted ceilings, a majestic fireplace, storage built-ins by Closets by design, LVP flooring & wood, plantation shutters throughout. The front room doubles as sleeping or office space adjacent to the main level bath. Imagine cooking your favorite meal in the gourmet kitchen, complete with marble countertops, new Satori marble backsplash, a corner pantry, stainless appliances & gas cooktop, while enjoying the lake front views & wild life. Take in your morning coffee & enjoy the sunrise over the lake, through your kitchen picture window or on your walk-out patio with custom railing & spiral staircase. The primary suite has vaulted ceilings, plantation blinds & electric black out curtains which allow for great views or a much needed sleep in day. Through the sliding barn door is a sleek, modern bath with plenty of natural light, an oversized shower, double sinks & spacious walk in closet. As you reach the lower level you are greeted by a large family room area, with 9' ceilings, wet bar stub outs & amazing views. The lower level walk out patio offers ample covered space for a hot tub, grill & entertaining. There are 3 more bedrooms & full bath on the lower level & while largest bedroom has stunning lake views, the 5th bedroom is extra special. This 5th bedroom has sound proof walls & was added to double as a theater with 80' plasma & surround sound. Behind the barn doors is a custom built "safe room"/closet. Reinforced walls support a pin operated safe door which leads to a 12x11 room, with epoxy floors, lighting, ventilation & additional closet-perfect for wine, firearms or hobby room. Enjoy the big lake, playground, theater, trails & all that the Forest Lake community has to offer. Don't miss out!
Source: PPMLS #3272887
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3272887
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: #3272887
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