1 of 36
$574,900

112 Lipizzaner Ct, Pelzer, SC 29669

3 beds · - baths · sqft sqft

POOL READY, SCENIC NATURE VIEWS! Welcome to 112 Lipizzaner Court, Pelzer—a custom-built luxury home set in the vibrant Saddlehorn community, where equestrian life meets serene rural living. This stunning 0.73 acre property has over 2000 sqft of living space, with 3 bedrooms, 2 bathrooms, and a 1200+ sqft unfinished upstairs area perfect for customization. The community includes over 75 Acres of horse pastures, a fully-stocked fishing pond, and extensive walking trails, all fostering a tranquil yet active lifestyle. From the moment you arrive, the home captivates with its striking Iron Gray Masonite siding and an inviting 40-foot long rocking chair front porch that has serene wooded views across the street. Step inside to a large foyer that opens into an airy open floor plan featuring cathedral ceilings, gleaming hardwood floors, and a modern black fireplace with a custom wood mantle, flanked by oversized windows that bathe the space in natural light. Custom wood sliding barn doors tie in this home's beautiful modern farmhouse design. The kitchen is equally stunning with its luxury shaker-style black cabinets contrasting the pristine white quartz countertops, and a large island with a ceramic farmhouse sink, brushed nickel hardware, and bar seating. Adjacent to the kitchen is an office nook with bay windows—perfect for remote work or a cozy breakfast area. The spacious dining room provides direct access to a large screened-in porch with vaulted ceilings, ideal for enjoying the breathtaking orange sunsets. The primary bedroom is a sanctuary and comfort of its own with vaulted ceilings, a luxurious full bath with dual vanities, a seated area in the walk-in tiled shower featuring both rainfall and wall shower heads, and a huge walk-in closet. Two additional spacious guest bedrooms share a full bath. The potential of the home continues with over 1s00+ sqft of unfinished space upstairs, with endless value potential for additional bedrooms, bathrooms, a movie room, etc. Outside, privacy fencing flanks both sides of the backyard, with matching white iron fencing at the back allowing for views of neighborhood horses grazing in the pasture. The backyard has plenty of space for a pool and the research has already been done for you! A pool company has been on-site to identify ideal placement and scope of work. More info available upon request. This complements the rural yet communal setting of Saddlehorn, where tranquility and outdoor activities come together with 75+ acres of horse pastures, a fishing pond, and extensive walking trails. Additional features include a 2-car garage, a storage shed and Cub Cadet riding lawn mower, and low HOA fees at $450/year. 112 Lipizzaner Court presents a unique opportunity to own a piece of paradise, combining luxurious indoor living with an idyllic outdoor lifestyle.

Interest rate 3
5.3%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,999
With Roam
$2,261
Reduce your monthly payments by $262 when you assume this mortgage.
You also save $88,021 in total interest paid.

$225,673
Edit

You may be able to put down less than the total down payment amount of $225,673 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.73 acres
Year built
2022
Type
Single Family Residence

Source: GREENVILLESC #1532811

Loan
Remaining term
27 years, 11 months
Rate
5.3%
Monthly P&I
$1,999
Remaining loan balance
$349,226

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 24, 2024 05:01 am
Listing agent: Analeisa Latham
Listing provided courtesy of: Keller Williams Upstate Legacy
Details provided by GREENVILLESC and may not match the public record.
MLS ID: #1532811
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Greater Greenville Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Greenville Association of REALTORS®. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,999/mo
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