111 Garden Hill Rd, Summerville, SC 29483
4 beds · 3 baths · sqft
Situated within the serene Garden Hill community in Summerville, this unique home seamlessly combines modern comforts with natural beauty. As you approach, the sight of mature trees and well landscaped grounds sets a welcoming tone. A long driveway, expansive yard, and a charming front porch, inviting you to explore further. Upon entering, the grandeur of a soaring vaulted ceiling and an abundance of natural light greet you. The living room, open to the dining room and kitchen, features a cozy stone fireplace that reaches up to the ceiling and is flanked by built-ins, creating a perfect space for relaxing and unwinding. Adjacent, the dining room impresses with refined chair rail and crown molding. The large gourmet kitchen is both functional and stylish.It boasts granite countertops, stainless steel appliances including a gas range, and modern cabinetry, all complemented by a stylish tile backsplash. A casual dining area offers access to a delightful, screened porch and backyard, seamlessly blending indoor and outdoor living. Conveniently located off the kitchen is a laundry room combined with a half bath. The main level also hosts two comfortable bedrooms, one of them quite large, and a full bathroom. Off the laundry-room is a large 450 sq. ft. multi-use flex room, currently used as a photography studio and a family room. Upstairs, a large loft with a vaulted ceiling bathed in natural light. It functions now as a large family room, with overflow dining and leather couches. The owner's suite is a private retreat, featuring a vaulted ceiling, crown molding, and a built-in desk area. The en suite bath is a spa-like haven with a dual sink vanity and a massive luxurious step-in shower. An expansive fourth bedroom, currently used as a video studio and home office, completes the upper level. A main feature of the home is the large flex-room. It can be used as a family room, master down, studio or game-room. The carpet can be rolled up and it can be used as an insulated, heated/air-conditioned garage or shop. An automatic 16-foot-wide door opens up to the outside for Indoor/outdoor oyster roasts, football games, parties and more. This thick, architectural steel door has a Charleston Carriage House factory painted on the exterior. Windows along the top let in lots of light. It exceeds Florida wind load standards and is factory insulated and sealed to R17 - greater than many exterior walls, and more than typical doors and windows. The screened porch offers a tranquil space to enjoy the natural surroundings, with easy access to the deck and beautiful backyard. There's space for storing a boat or camper. The property backs up to approximately 5 acres of land owned by the SC DOT, and there are currently no plans for development. Ideally located just 1.2 miles from Historic Downtown Summerville, 4.5 miles from Nexton Square, and 14.3 miles from Charleston International Airport, this home offers the perfect blend of convenience and tranquility. Don't miss the opportunity to make this stunning property your own. Visit today and experience its charm firsthand.
Source: CTAR #24023605
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24023605
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: #24023605
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.