2828 S Knoxville Way
Denver, CO 80227
4 beds · 3 baths · -- sqft
$639,000
Get prequalifiedAbout this home
Welcome home to this great home on a tremendously large lot. It is an exquisite sprawling ranch styled home in Bear Valley. The curb appeal won't disappoint, with a beautiful front porch, well maintained grass and flowers to greet you. The main level offers 3 of the 4 bedrooms, the living room with beautiful hardwoods and an open kitchen and dining area. The dining room has a cozy wood burning fireplace for those chilly nights! There are two primary en-suite bedrooms; one on the main level, and another being in the basement. The basement bedroom offers a newer egress window, a large walk in closet and oversized bathroom, complete with a nook to sit and get ready for the day. There are many updates throughout the home. There are several bay windows throughout, perfect for lots of light and your plants. The roof is newer in 2021, and the irrigation system both front and back is also newer. There are ceiling fans throughout the home, letting a nice flow of air circulate, keeping it not too hot or cold. There is ample cabinet and closet space throughout the kitchen and entire home. The large storage room in the basement could easily be converted into a 5th bedroom. Venture to the back yard to a beautiful outdoor living space that includes a nice covered porch, two beautiful large trees, a garden area and a newer shed! The neighborhood amenities, including a new pickleball and tennis courts nearby, playground, soccer field, and Bear Creek Trail network, provide endless opportunities for recreation and enjoyment. The location is unbeatable, with easy access to both downtown Denver and the foothills. Whether commuting to work, exploring the mountains, or catching a concert at Red Rocks, residents will have everything they need close by. Overall, it's easy to see why this area of Denver is highly sought-after. This home offers the perfect blend of comfort, convenience, and outdoor enjoyment, making it a truly desirable place to call home. Schedule your showing today!
Source: PPMLS #2921767
Neighborhood
FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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