5100 E Cloud Rd, Cave Creek, AZ 85331
5 beds · 7 baths · 6,926 sqft
***EXCLUSIVE COMING SOON OPPORTUNITY*** Spanning over 4+ acres, this luxurious estate is a masterclass in design, luxury, and attention to detail. Car aficionados will be drawn to the numerous garages, stylish paver courtyard, and a dual-car workshop with its own lift. Adjoining this space is a flexible zone perfect for a man cave, craft room, or hobbyist's corner, equipped with its own private bath. Immerse yourself in the opulence of the interior, where you're greeted by elegant tile flooring, skylights, and an awe-inspiring 14ft wooden ceiling in the great room. Feast in the gourmet kitchen, a chef's fantasy, furnished with granite counters, stainless steel appliances, dual dishwashers, twin ovens, an integrated Miele Espresso Machine, and a dedicated wine bar. For those with a penchant for entertainment, a billiard room, media room, bonus room, and den await your leisurely pursuits. The expansive Master Suite is a haven of relaxation, boasting both an indoor and outdoor shower, and a freestanding tub. Each supplementary bedroom ensures privacy and luxury with walk-in closets and en-suite bathrooms. The property also boasts self-contained guest quarters, complete with a fireplace, living/dining room, kitchenette, bedroom, and bathroom. Keeping with its reputation for luxury, the estate promises an unmatched outdoor experience. Dive into the negative-edge pool, enjoy the swim-up bar, or unwind at the elevated spa. The gazebo and outdoor kitchen, flanked by multiple fountains and Cantera stone accents, ensure every outdoor event is memorable. Those with equestrian passions can easily convert the sprawling land to accommodate horse facilities. State-of-the-art enhancements include a fully paid, 96,000 Watt Solar system, ensuring no utility bills. Along with a private well, you're guaranteed year-round water supply. Adding to its impeccable energy efficiency is the 14-inch thick insulation throughout and a newly installed air conditioning system. The residence is further fortified with security film on all windows, ensuring peace of mind. One cannot overlook the fresh coat of paint and the brand-new roof that augments its visual appeal. Revel in the tranquility of the area and absorb panoramic views, right from this epitome of an energy-efficient, modern estate.
Source: ARMLS #6829096
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: ARMLS #6829096
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.