42250 KINGSMILL CIR, Elizabeth, CO 80107
Nestled on sprawling .89 acre lot, this breathtaking estate offers a refined living space designed for those who crave both luxury & privacy. Step through the grand entrance & be captivated by the elegance & meticulous attention to detail. Gourmet kitchen, a true centerpiece, boasts stunning dark java cabinets, sleek granite countertops, massive island, double oven & SS appliances—a dream for any home chef. Adjacent is a cozy living room, complete w/ fireplace, cathedral ceilings & plenty of natural light, creating a perfect space for gatherings. Main floor owner’s suite an intimate retreat w/ luxurious soaking tub, oversized shower, dual vanity & walk-in closet w/ custom built-ins. Upstairs, 2 bedrooms & expansive loft offer versatility, ideal for game room/second living area w/ views of open-concept layout below. Finished basement is entertainer’s paradise featuring a theater room, rec room, 2 bedrooms & stunning ¾ bath—all enhanced by rich wood flooring & 9-foot ceilings. Newer furnace, AC & 80 gal water heater add comfort & efficiency to this already impressive home. Step outside into a private haven surrounded by mature trees, paver & flagstone patio features a built-in firepit, waterfall, & pond making it the perfect outdoor escape. Massive 80'x34' 2,720 SF workshop is a craftsman’s dream, equipped w/ RV access, kitchenette, 2 bedrooms & private patio—ideal for long-term guests. Complete w/ attached 4-car garage, dedicated dog park & high-speed fiber internet, this estate truly offers an unparalleled lifestyle. Whether it’s luxury finishes, multi-generational living, privacy or state-of-the-art workshop, this home is more than just a place to live—it’s a sanctuary for those who seek the very best. Peaceful country living & convenience to amenities-large scale grocery & hardware in Elizabeth 12 or Parker 17 min. Full restaurant at Spring Valley Golf Course clubhouse just 5 min. Southlands 20, DIA 50, DTC 40 min. See agent's website for more info & drone flight.
You may be able to put down less than the total down payment amount of $605,810 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: #3484039
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