18 Plantation Cir, Summerville, SC 29485
4 beds · 4 baths · sqft
18 Plantation Circle is a distinctive and spacious home nestled in the heart of Newington Plantation, directly across from Newington Park. This property offers a range of exceptional features, including a unique floor plan, a first-floor owner's suite, abundant storage space, a sunroom, workshop, and a large deck that overlooks a private in-ground saltwater pool. Upon entering the home, your guests will be welcomed by a gracious foyer, which is separated from the expansive great room by a handsome fireplace. Flanking the front door are large windows that that provide privacy, while allowing natural light to flood inside the space. The great room is beautifully appointed with two-story vaulted ceilings, clerestory windows, and a large gas fireplace surrounded by slate tile.A set of sliding glass doors opens to the deck, enhancing the home's seamless connection to the outdoor living areas. Adjacent to the great room is a formal dining area, perfect for entertaining, with sliding glass doors that lead into the sunroom, creating an ideal flow for gatherings. The kitchen features quartz countertops, recessed lighting, and a white honeycomb tile backsplash. The adjoining eat-in kitchen area includes additional cabinetry and a ceiling fan, with another sliding glass door providing access to the sunroom. A laundry room, half-bathroom, and access to the garage are conveniently located off of the kitchen. The sunroom offers a tranquil space with tiled floors, built-in seating with storage, a wet bar with space for a mini-fridge, skylights, a ceiling fan, and an in-wall air conditioning unit. Two sliding glass doors provide access to the dining room and eat-in kitchen, while a third door leads out to the spacious deck. The first-floor primary suite is a private retreat, featuring a ceiling fan and a sliding glass door that opens to the back deck. The en-suite bathroom is generously sized, offering dual pedestal sinks, tile floors, a walk-in tile shower, a bidet, and a large Jacuzzi-style bathtub. Skylights and a privacy glass block wall allow for abundant natural light. The walk-in closet is complemented by a staircase leading to additional storage space above. Upstairs, you will find three additional bedrooms and a full bathroom, providing ample space for family or guests. The deck at the rear of the home is an impressive feature, overlooking the saltwater pool. The pool area is complemented by an outdoor shower, a half-bathroom, and a separate water feature in the corner of the yard. The backyard is fully enclosed with a high privacy fence, and a designated area houses the HVAC systems and irrigation well. Underneath the home, a walk-in crawl space is equipped with electricity, lighting, workbenches, and abundant storage, offering potential for a workshop or other uses. The two-car garage is finished and includes built-in storage, and the oversized driveway provides additional parking.
Source: CTAR #24029296
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24029296
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: #24029296
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