1001 Park St, Greenville, TX 75401
4 beds · 4 baths · 3,759 sqft sqft
Welcome to the timeless estate at 1001 Park Street! Pride of ownership shows in the preservation of this home’s classic style and design mixed with modern updates, creating convenience and a charming aesthetic. Located in the well known historical corner of Greenville, you can feel the grandeur this property has hosted in days gone by. Entertainers dream home, with a large formal living featuring refinished hardwoods, wood burning fireplace, and stunning builtins. Enjoy entertaining in the formal dining room and secondary living, which both contain original features and wood paneled walls. The kitchen was modestly updated with ss appliances, granite counter tops, painted cabinets with new hardware, new flooring, decorative tile backsplash, and pot filler. Primary bedroom downstairs features elevated ceilings, beautiful woodwork, builtin drawers in the bedroom and bathroom, original doors and cabinets, ensuite bathroom, and french doors that open to a private garden. This home boasts a huge pantry, plethora of closets, sunroom, breakfast room off of the kitchen, 3 large bedrooms upstairs, 2 full bathrooms upstairs, and guest bath down. You will be intrigued by the originals left untouched, which include many fixtures, dutch doors, intricate woodwork, original dining room chandelier, large hardwood entry and exit doors, kitchen cabinets by famed 1800s cabinet maker Coppes Nepanee, and much more. Enjoy the 0.7 acre grounds, offering plenty of space to add a pool, garden, chicken coop and to dream up your own oasis. Beautiful central brick courtyard area, 2 car garage with covered walkway, and fenced in back lot. Watch city of Greenville holiday parades right in your own front yard! Playhouse and 3 stall carriagehouse on the property are in need TLC. See documents list for full 2019 renovation and updates list. This estate is brimming with charm and history and will surely win you over!
Source: NTREIS #20737897
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20737897
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #20737897
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.