The ultimate enthusiast's paradise, designed as a true compound for collectors, adventurers, and automotive enthusiasts. This estate delivers refined residential living with serious infrastructure from an elevated 2.8-acre homesite with uncommon privacy and commanding 360-degree views. Located in the lush Tanque Verde Valley, high in the foothills of the Catalina Mountains, the nearly 4,000-square-foot main residence with 5 bedrooms/5 bathrooms, and an oversized three-car garage is complemented by an 826-square-foot private guest house with a dedicated garage. In addition, there is a 1,200-square-foot temperature-controlled automotive workshop and a massive 1,608-square-foot RV garage—capable of accommodating virtually any RV, trailer, or boat. New solar panels ...CONTINUED located on the ground away from the house provide efficiency without compromising the roof. Surround yourself with the magical beauty of the saguaro-studded hills as you take in Tucson's iconic sunsets, then watch the city lights emerge as starry skies reveal themselves in the darkness of night. Water-conscious landscaping that does not sacrifice beauty or color delivers dynamic, resort-quality grounds. The Residence: The circular driveway on the north side of the property leads to the covered entry with stacked-stone columns and a custom-designed wrought-iron screened door. An impressive entry with high ceilings introduces interiors that reflect timeless desert craftsmanship and thoughtful design. Porcelain plank flooring flows throughout the home, complemented by solid alder interior doors and hickory cabinetry. The formal living and dining rooms lead to the open kitchen and great room with beamed ceilings and a two-sided, zero-emissions gas fireplace. An additional flex space with a fully equipped wet bar which includes a beverage refrigerator, and a wine refrigerator currently accommodates a pool table but could be used for anything needed. Live the ultimate Arizona lifestyle with seamless indoor/outdoor living and entertaining. The space flows effortlessly to the serene backyard with awe-inspiring valley and sunset views and a deep covered patio that extends the full length of the back of the home. Low-care artificial turf brings color and provides space for dogs and kids to play, while low-water yet colorful and lush plants, shrubs, and trees create a resort feel without high water bills. The split-bedroom floor plan features generously sized rooms and bathrooms. The third bedroom in the main house is currently a combination of two bedrooms and can be separated again if needed. The gourmet kitchen features hickory cabinetry anchored by a center island with breakfast bar and prep sink. A large skylight floods the kitchen with natural light, while gorgeous city and sunset views are enjoyed from the kitchen sink and breakfast nook. The oversized primary suite offers direct patio access, a huge walk-in closet with custom built-ins, and a luxury bathroom with dual-sink vanity, jetted tub, and separate shower. A separate office features custom built-in cabinetry, granite countertops, three workstations, two desks, and substantial storagecreating the ideal work-from-home environment. The fully outfitted laundry room includes a sink and extra storage cabinetry. Recent upgrades elevate efficiency and longevity, including a tile roof and underlayment replacement in 2023, lifetime RhinoShield ceramic exterior coating for enhanced heat rejection, and newly installed solar panels delivering impressively low energy costs. Two high-efficiency 19-SEER HVAC systems (2022) serve the main residence. The Guest Residence: The private guest house feels more like a mini-residence, ideal for guests, extended family, or flexible living situations. Inside, a fully equipped kitchen with induction cooktop, convection microwave, refrigerator, and dishwasher opens to the living space with a gas fireplace. The guest house also includes its own washer and dryer, a spacious bedroom, and a bathroom. Dedicated garage space is accessed by a driveway off the street to the south of the property, providing true privacy. The Workshop: The heated and cooled 1,200-square-foot workshop is outfitted with a 10,000-pound two-post lift, aluminum diamond-plate wall protection, custom cabinetry, sink, dedicated bathroom, and built-in workstationoffering professional-grade functionality for serious projects and collections of any kind. The RV Garage: The 1,608-square-foot steel-constructed RV garage with stucco exterior measures 28' x 52' with 16-foot ceilings and a 14-foot door. There are unlimited possibilities for use. The garage has its own dedicated driveway accessed from the south and includes both 30-amp and 50-amp outlets throughout. The Land and Lifestyle: Set among estate-sized parcels in gated Estrella Vista Estates, this home offers seclusion without isolation, just minutes from Coronado National Forest, Agua Caliente Regional Park, Redington Pass, and Mount Lemmon. Shopping centers with grocery stores, cafés, restaurants, breweries, and bars are approximately 10 minutes away. Locals enjoy the nearby Barnyard restaurant for its outdoor playground with cornhole and other games, Bear Canyon Pizza with live music in the outdoor beer garden, and cookout nights at the Tanque Verde Guest Ranch. Downtown Tucson and the University of Arizona are approximately 35 minutes away. Schools: The popular Hermosa Montessori School offers classes for students from preschool through eighth grade and provides tuition-free education beginning at kindergarten. Set on 14 acres, this exceptional learning environment draws students from across Tucson. The home is located in the highly rated Tanque Verde School District and is also walkable to several nearby schools. Private schools in the area include Desert Christian, St. Michael's, Castlehill Country Day School, and St. Cyril's. Highly rated charter schools include BASIS and Lehman Academy of Excellence. This impressive Tanque Verde Valley Estate delivers unparalleled value, uncommon privacy, and unmatched views.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
