160 Cross Rd, Covington, GA 30016
4 beds · 2 baths · 2,725 sqft sqft
Come enjoy the Welcome to 160 Cross Road, a custom rural retreat nestled in the heart of Covington, GA. This stunning home offers a rare opportunity to own 35.89 acres of pristine countryside, complete with streams, fenced pastures for horses or livestock, and the serene Wild Cat Creek bordering the property. As you explore the expansive grounds, you'll discover a charming tree house with a thrilling zip line entry, providing endless adventures for the whole family. This picturesque 4-bedroom, 2-bathroom home boasts 2175 square feet of living space, with hardwood floors and a cozy wood stove creating a warm and inviting atmosphere. The main level features three bedrooms, while the primary bedroom offers a luxurious jetted tub for ultimate relaxation. The kitchen and bathrooms are adorned with elegant granite countertops, adding a touch of sophistication to the home. For those who love the outdoors, the property features a low-maintenance heated fiberglass pool with a diving board, slide, and captivating multi-color LED lighting, perfect for summer gatherings and leisurely swims. The expansive lot size of 1,563,368 square feet (38.89 acres) provides ample space for exploring what seems like endless nature trails all to yourself. Parking, includes a 2-car attached garage and a massive detached workshop capable of accommodating several vehicles and boats. High enough ceilings to add a lift or 2 for working on project vehicles or income generation for the mechanics out there. Enjoy the tranquility of the countryside while still being conveniently located less than 15 minutes from the shops and dining options in downtown Covington. Additionally, the property's proximity to downtown Atlanta and the world's busiest airport, both less than 40 miles away, ensures easy access to urban amenities and travel opportunities. Currently benefiting from rural conservation status, this property offers significant tax savings. For those concerned about development, the conservation status is set to expire at the end of the year, but it can also be renewed for those who wish to maintain the rural charm of the area. Embrace the rural lifestyle and seize this unique opportunity to own a piece of Georgia's breathtaking countryside. Whether you're an outdoor enthusiast, equestrian lover, or simply seeking a private sanctuary, 160 Cross Road is a rare gem awaiting its new owner. Don't miss out on the chance to experience the beauty and serenity of this remarkable property.
Source: FMLS #7455851
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7455851
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.
Will an assumption work for me?
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?
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.
MLS ID: #7455851
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.