103 Pacolet St, Summerville, SC 29485
3 beds · 3 baths · sqft
This is a MUST SEE! This home is packing a ton of extras and energy efficient savings and the property taxes are LOW!Paid off solar panels, a 2022 HVAC, newer dishwasher, fresh interior paint & flooring, tankless water heater, extra storage space, extended patios out back, plus a large pond lot!PLUS, this home comes with a 1-year paid home warranty. Talk about peace of mind! Turn-key & ready for you.This 3-bedroom, 2.5-bathroom home is located in the established community of Lakes of Summerville. A conveniently located community adorned mature trees and a community pool. Resting on a large, 1/4-acre pond lot, you can enjoy relaxing evenings and beautiful sunsets views. The fully fenced backyard is an outdoor lovers paradise, featuring a spacious extended patio and an additional covered patio. There's an immense amount of space to house multiple grills & smokers, patio furniture, a hot tub, AND all of your friends. The covered patio also includes a 240V plug for larger electrical needs. Whether you're cooking out, hosting a birthday party, or just enjoying the peacefulness and privacy of your own backyard, this is the place to be. The backyard even has a drive gate and room to park your boat! The 2-car garage is a craftsman's dream, complete with built-in wood benches, overhead storage, and two passage-doors for added convenience. Inside, the home boasts fresh paint and updated LVP flooring throughout both levels. The only space within the home that has carpet is the stairs. This carpet is new and was just installed last month. The kitchen is a chef's delight, featuring a dual gourmet gas oven, a 2021 dishwasher, updated stone countertops, and a spacious refrigerator which will convey. If storage space is your love language, then this home is going to speak to you. The closet located under the stairs was upgraded and offers deep wrap around storage. The current owners used this area for the wine storage. Additionally, the home has a huge private room off the kitchen which houses dual pantries and an oversized laundry room- with even more storage space! This energy-efficient home also includes solar panels that will be paid off at closing, offering significant savings with extremely low monthly utility bills. The home was also updated with a tankless water heater, and a new HVAC in 2022. The home's location is unbeatable. Lakes of Summerville is just 5 minutes from historic downtown Summerville. With quick access to North Charleston, Goose Creek, Palmetto Commerce Parkway, I-26, the Charleston Int'l Airport, and Joint Base Charleston, you can whip around town with ease. There is plenty of shopping, medical facilities, and lots of restaurants close by. The neighborhood itself offers a community swimming pool and low annual HOA fee.
Source: CTAR #24022956
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24022956
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: #24022956
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