664 S SHERMAN ST, Denver, CO 80209
Located in Denver’s prestigious Washington Park neighborhood, 664 S. Sherman has been meticulously cared for. Modern luxury amenities abound within 3,166sf. Masterfully "Popped-Top" just 10yrs ago! Conveniently situated within walking/biking distance to light rail, Whole Foods, Sam's Club, Pearl Street, Wash Park, Gaylord shops… all at the heart of this vibrant community. Don't MISS the gem of West Wash Park, BurnDown on Broadway...great food and a rooftop bar just a 2 block walk. The moment you enter from the west facing porch, you’ll appreciate the high ceilings and gleaming hardwood floors of this wide-open floorplan that is bathed in natural light. At the center is an updated kitchen, recently improved with a stunning custom-built butler pantry complete with luxury beverage cooler. Each living space was thoughtfully designed providing multiple opportunities to begin and end your day. Enjoy al fresco dining on the expanded back deck or manicure your herbs in their cleverly mounted containers. Rounding out the main level is a bedroom (need an office?), and updated full bathroom. Follow the elegant steel railing upstairs to a truly thorough ensemble with 3 bedrooms, 2 full bathrooms, and laundry closet. The large primary suite has vaulted ceilings, a new stylish electric fireplace, massive walk-in closet, updated 5-piece bathroom with large shower and jetted tub, plus a lovely private deck to admire snowcap mountains. The game room in the basement is a bonus space that stays cool in the summer while you relax by the TV, or get your miles recorded on a Peloton. Parking is no problem with this oversized 2 car garage that was improved with added storage, workshop, insulation, subpanel, and 240v outlet for your EV charger. An unparalleled living experience awaits you. With few options available in Wash Park, visit this home today!
You may be able to put down less than the total down payment amount of $635,728 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: #9771447
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