214 Calm Water Way, Summerville, SC 29486
5 beds · 4 baths · sqft sqft
Experience unparalleled elegance and functionality in this stunning 5-bedroom, 3.5-bathroom home located in the highly sought-after Cane Bay Plantation - a master-planned community that offers a vibrant lifestyle with its access to green spaces, walking trails, shopping, dining, and healthcare. This property promises a life enveloped in both luxury and convenience, making it one of the top choices for discerning homeowners.Upon arrival, the classic Hardi plank construction captivates, while the double front porches set a welcoming tone, inviting you into a realm of sophisticated living. The journey begins in the formal dining room, adorned with wainscoting and crown moulding, demonstrating an eye for detail that carries throughout the home. Transition with ease intothe expansive family room, which opens up to a screened porch, reconciling indoor comfort with the allure of year-round entertainment. Nestled on the first floor is the owner's suite, a sanctuary equipped with a 5-foot shower and sitting bench for ultimate relaxation. Ascend to the second level where four more bedrooms await, including a spacious 20x15 guest suite, providing ample space for family and guests alike. This home is not just a residence but a lifestyle upgrade. The Coves at The Lakes in Cane Bay envelops residents in a world of leisure and beauty with its 300+ acre lake, 8 miles of navigable waterways, extensive walking trails, a boathouse, and a resort-style cabana pool overlooking the water. Key features of this home include: * Fully fenced yard with a paver patio. * Crown molding, custom window trim, and shiplap interiors. * Six-zone irrigation system, complemented by aesthetic palm trees. * Blinds throughout, ensuring privacy and ambiance control. * A finished garage, hardwood on the stairs and upstairs hallway, granite in the bathrooms, and fans in all bedrooms, living room, and screened porch for added comfort. Designed for both grand entertaining and intimate family life, the open kitchen and living area, featuring seating at the kitchen island and a separate dining area/flex room, spell perfection. The outdoor living space is equally impressive, with a large patio grilling area and fenced backyard inviting al fresco gatherings. Cane Bay Plantation not only offers a door to premier living but also quick access to water sport activities with the community pool and vast lake system just a short stroll away. Don't miss the chance to make memories in this exquisite Cane Bay home. Schedule your showing today and step into the life you've been dreaming of!
Source: CTAR #24027102
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24027102
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: #24027102
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.