195 Shagbark Rd, West End, NC 27376
4 beds · 5 baths · sqft sqft
Rare opportunity to own a home on a 5-acre tract inside the gated community of Seven Lakes North! Enjoy the security of a gated community while also having your own private haven - the best of both worlds! An inviting front porch welcomes you to this home that offers fine craftsmanship and finishes throughout. It features hardwood flooring in the main living areas, deep crown molding and granite counter tops to name a few. A spacious living room has a brick gas log fireplace and opens to a fabulous kitchen with center island that has a butcher board counter and second stainless steel sink, gas range, large walk-in pantry, wine cooler and breakfast nook. The main level primary suite has two walk-in closets and en-suite bath with a jetted tub and tiled walk-in shower. The main level also includes an office/den with French door entry off the foyer with wet bar, two wine coolers, large laundry/mudroom room with utility sink and wash station great for pets, and two half baths. The upper level has a large loft area perfect for a family or rec room, three bedrooms, two full baths and flex space ideal for a hobby room or second office, and walk-in attic storage. This has some wonderful outdoor living areas including a screened porch offering panoramic views of the rolling backyard, deck, paver patio and slate stone fire pit area. A detached two-stall barn with tack room has a spacious one-bedroom upstairs apartment. There is also a storage shed. Mature landscaping surrounds the home on this beautiful rolling tract of land. And you will have access to the great amenities offered by this gated community, including lake access, beach area, marina, parks, stables, swimming pool, tennis and pickleball courts. A 2.9% VA assumable loan. This wonderful property has so much to offer!
Source: NORTHCAROLINAREGIONAL #100441608
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100441608
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: #100441608