3241 Sheridan Blvd, Wheat Ridge, CO 80212
5 beds · 2 baths · 2,500 sqft
LOCATION, LOCATION! Nestled near the vibrant Sloan's Lake area, this charming fully furnished single-family home offers a perfect blend of modern comfort and classic appeal. Built in 1949, this 5-bedroom and 2-bathroom home has a flexible layout with beautifully maintained hardwood flooring throughout. The main floor hosts 3 bedrooms and 1 bath, while the finished basement adds an additional 825 square feet of living space, featuring 2 non-conforming bedrooms, 1 bathroom, and ample room for recreation. The kitchen features stainless steel appliances and stunning brown granite countertops, perfect for both everyday meals and entertaining. Enjoy a spacious yard with low-maintenance synthetic grass, offering a peaceful retreat for outdoor activities. Parking is a breeze with a 3-car setup, including an attached 1-car garage and a detached 2-car garage, providing plenty of space for vehicles or storage. Additional highlights include a composite roof, wood siding, and baseboard heating, with cooling provided by evaporative cooler. This home has been successfully operated as an Airbnb and, located just outside of Denver's city limits, it is exempt from the city's strict short-term rental regulations, making it an excellent investment opportunity. With no HOA fees, this home offers value, comfort, and flexibility in one of the area's most sought-after neighborhoods. Don’t miss your chance to own this unique property! For ease of access the best way to reach the property is through the alley between 32nd and 33rd Ave & park in the driveway in front of the detached garage.
Source: RECO #8211902
Source: RECO #8211902
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%. 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.
Other resourcesWhat 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.
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