111 Rouen Ln, Summerville, SC 29486
5 beds · 3 baths · sqft
**INSANE PRICE FOR THIS SIZE OF A HOME!** Have you ever wanted to live in a top master planned community in the country where you can ride golf carts around all day and have a luxury feel lifestyle? Well, look no further! Here's your chance to have that at a wonderful price! This neighborhood is unlike ANY other master planned community you've been too! This home is a one of a kind gem in the tucked away community of ''Saxony Lake''. It is the smallest neighborhood within Cane Bay that is NOT connected to another neighborhood which keeps it quiet and not a lot of traffic!As you approach this luxurious home, you are greeted by a wide driveway that can accommodate multiple cars, stunning curb appeal, and immaculate landscaping with custom brick curbing. The full front porch with rain gutters adds to the grandeur of the entrance. Upon entering, you are welcomed by a spacious interior boasting beautiful flooring, tall ceilings, and exquisite aesthetics throughout. The main level of this expansive residence offers every room imaginable. To the right, you will find a generously sized office with French doors, perfect for versatile use. Further down there is a dining room with tons of space for a large table. This home features arched doorways, adding to the elegance of the space. The open-concept design seamlessly connects the living room, breakfast area, and a sunroom, creating a harmonious flow. The kitchen is a chef's dream, featuring granite countertops, craftsman staggered cabinets, a kitchen island, a gas stove, stainless steel appliances, and ample counter space for all your cooking needs. A spacious pantry provides additional storage. The first level also boasts a full surround system and plenty of closets for organization and storage. Also on the first floor, you will discover a spacious bedroom with a full bathroom, offering convenience and comfort. Moving upstairs, a vast loft awaits, offering endless possibilities as a media room, game room, playroom, or extra living space. The remaining bedrooms and bathrooms on the upper level are generously sized and feature walk-in closets. The guest bathroom is equipped with double vanity sinks and a separate shower room. The primary bedroom is a true retreat, featuring an exceptionally large bedroom (the biggest I have seen in Cane Bay) with an additional area for versatility. The primary bathroom boasts double vanity sinks with quartz countertops, a large soaking tub, a stand-up shower, and two massive walk-in closets with ample storage space. In between the walk-in closets, you'll find an extra area that can fit and additional dresser if needed. From one of the closets, there is a laundry chute that connects to the exceptional oversized laundry rooms that features custom wood work throughout, two counter top spaces, and lots of cabinets for storage. Exiting through the sunroom to the backyard, you will find a spacious poured patio, a fully fenced 6-foot privacy fenced-in yard, and a decent-sized backyard with HOA space on two sides for added privacy. This home is a rare gem, offering luxury, comfort, and ample space for gracious living. This is the largest home in Cane Bay I have seen! The amenities in the neighborhood resemble a resort style lifestyle! It IS arguably the best amenity center is all of Cane Bay Plantation as it features a huge pool with a kid area, a huge playground, and a covered area to rent out/public use. There's nothing like this in this neighborhood! All three of the schools are also located right here in the Cane Bay! Cane Bay Plantation is a golf cart community with golf cart/walk/jog trails from the front to back for miles, shopping and restaurants at the front, and plenty more coming! There is plenty to do here and it has the largest YMCA on the east coast. There are events throughout the entire year such as food truck nights every night in a different community, golf cart parades, poker runs on the golf carts, neighborhood get togethers, fishing
Source: CTAR #24028144
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24028144
Source: Public records
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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.
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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.
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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: #24028144
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