133 Solo Ln, Knotts Island, NC 27950
5 beds · 5 baths · sqft
Welcome to this exquisite sprawling brick home nestled on a generous 3-acre lot, offering the ultimate blend of luxury and privacy. Property includes deeded usage to ''runway'' parcel in back w/direct access to a deeded boat slip, dock & gazebo. Perfect for boating enthusiasts and those who value seamless water access. A classic covered front porch leads to a captivating entry w/staircase and an elegant overlook that sets the tone for the rest of the home. The interior boasts hardwood floors, complemented by newly installed plush carpeting for added comfort. The main level features a versatile study with French door access, providing an ideal space for a home office or quiet retreat. The luxurious primary suite is also located on this level, complete with multiple closets & French back door to the covered back deck & recently purchased 8-person lounge master spa. There's also an in-law en-suite on the main level. Upstairs, you'll find three spacious and well-appointed bedrooms, each offering comfort and privacy for family or guests. The heart of the home is the expansive kitchen offering generous counter and cabinet space and stainless-steel appliances. It effortlessly connects to the formal dining room and a cozy banquette eating area, where the table conveys with the home. The sprawling family room, which adjoins the kitchen, is perfect for gatherings and everyday living. Step out through the back French doors to the covered breezeway, alley way and deck, where you can unwind and enjoy the tranquil backyard setting. This home has been thoughtfully designed with attention to detail, ensuring a seamless flow and functional living spaces. The semi-attached three-car garage is more than just a place to park—it's a social hub featuring a bar, refrigerator, and an UL unfinished rec.room. Out back, every hobbyist's dream building, equipped with RV electrical plug and more! Come experience life to the fullest; Come to the Island and breathe.
Source: NORTHCAROLINAREGIONAL #100467131
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100467131
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: #100467131
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.