27828 N 143RD ST, Scottsdale, AZ 85262
Discover the epitome of luxury and privacy in this stunning custom-built home located in the prestigious Rio Verde Foothills. Nestled on nearly 2 acres, this fully furnished, move-in-ready estate offers an unparalleled living experience with its exquisite design and high-end amenities. Spanning 6,200 square feet across two levels, this expansive residence features 5 bedrooms, 7 bathrooms, an oversized 3-car garage, a heated pool and spa, a dedicated media room, a fully equipped gym, and much more. The open floor plan seamlessly connects the living spaces, beginning with a gourmet kitchen that boasts natural Alder wood cabinetry, a 6-burner gas cooktop, double wall ovens, a warming oven, dual sinks, a raised counter island with additional seating, and a charming breakfast nook overlooking the luxurious backyard. The ground floor primary suite is a sanctuary of comfort, complete with a cozy sitting area by the fireplace, a television, direct access to the backyard, and an opulent ensuite bathroom featuring a jetted bathtub, steam shower, dual vanities, and abundant natural light. The adjoining walk-in closet is generously sized to accommodate all your wardrobe needs. For entertainment enthusiasts, the home includes a custom theater room with a 7-foot screen, a state-of-the-art sound system, and seating for up to 8 guests. The main level also offers a formal living room with a striking floor-to-ceiling stone fireplace, a formal dining room with seating for 8, an additional bedroom that opens to a private patio with chimineas and a grill, and a spacious workout room equipped with full weights and workout stations. The upper level hosts 3 additional bedrooms, each with its own walk-in closet and ensuite bathroom. A versatile flex room on this floor features a fireplace, a dedicated bar area, a television, and access to a patio that offers breathtaking views of the desert landscape, including the Four Peaks Mountain range. The backyard is a true oasis, showcasing a newly constructed $200,000 heated swimming pool and spa, surrounded by elegant travertine tile. Additionally, the property features a full-size sport court and a raised bed garden area. The adjoining parcel further expands the lot, providing ample space for outdoor activities. A highlight of this home is the impressive solar system, which powers the entire property, ensuring low energy bills even during the peak summer months. The system includes battery storage capable of powering the home for nearly a week in the event of a blackout, offering complete peace of mind. Home is also close to Four Seasons Troon, Troon North Golf Club, Scottsdale National Golf Club, Swan Sushi, Needle Rock Kitchen & Bar as well as miles of hiking, biking, and equestrian trails
You may be able to put down less than the total down payment amount of $143,857 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: #6743354