16218 Henderson Rd, Alpharetta, GA 30004
4 beds · 3 baths · 4,070 sqft
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Located in the heart of Milton's equestrian landscape on 3 private acres, this 4 bedroom 3 bathroom home with a finished basement is zoned for sought after Birmingham Falls Elementary, Hopewell Middle and Cambridge High Schools. It is non-HOA property. The long private driveway leads to a freshly painted traditional brick and siding home, with a side-entry two car garage. As you enter the two-story foyer you are greeted with soaring ceilings throughout the kitchen, living room, dining room and main hallway. There is a large deck off the primary bedroom and kitchen allowing views of the beautiful private backyard. The kitchen is complete with brand new appliances, a gas range, a spacious kitchen nook and a large walk-in pantry. The spacious family room has a large fireplace with a gas log starter and a picture window allowing for tons of natural light. Pretty French doors lead from the family room into a generous flex room with a closet which could also be used as a bedroom. There is a private balcony off of the flex room overlooking the back yard. The hallway along the right side of the home leads to a third main floor bedroom and a bathroom. The large primary bedroom retreat is located on the opposite side of the home, with private doors leading to the deck. The primary bath has a large double sink vanity, shower, new whirlpool tub and a water closet. The oversized primary walk-in closet connects between the primary bathroom and the laundry room. The large laundry room is accessible from either the main hallway or the primary bedroom closet, and has a large window overlooking the front yard, with a sink and hanging space. Between the kitchen and dining room there is a staircase leading to the basement foyer and full bathroom. The fully finished basement includes a kitchenette with bar, a fridge, dishwasher, sink and a microwave. The large room is perfect for an office, bedroom, TV room or all of the above! There are two additional rooms in the basement which could be finished into a media room or gym. The fully finished daylight basement leads to the two car garage, driveway and backyard. The recently brush-cleared 3 acre property is perfect for a hobby farm, ATV use, rest and privacy or whatever your heart desires! New upgrades to the house include interior and exterior paint, finished garage, new appliances, new carpet throughout; owners also mulched the 3 acres to remove brush and removed 7 overgrown trees near the house. Enjoy the charming restaurants and shops nearby (the popular 7 Acre Grill, Scottsdale Farms Cafe and Garden Center, and Matilda's outdoor entertainment venue), not to mention Crabapple, downtown Alpharetta, and upscale Avalon and Halcyon. The Milton community offers amazing golfing, hiking, sports parks and green space, including many excellent equestrian facilities for which Milton, GA is famous. Golfing is available via numerous nearby popular golf courses, with a Club Corp membership. This property and local community presents a perfect blend of Milton style and comfort, making it an ideal choice for those seeking a peaceful and charming private residence.
Source: GAMLS #10496256
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10496256
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.