216 Semel Dr NW # 375, Atlanta, GA 30309
1 beds · 1 baths · 1,134 sqft sqft
Come home to this beautifully updated townhome nestled right off Peachtree, between the vibrant neighborhoods of Buckhead and Midtown Atlanta. This inviting one bedroom, one-and-a-half-bath gem boasts modern elegance and versatile living spaces that cater to your lifestyle needs, and just minutes away from endless dining, shopping, the arts and recreational activities. On the main floor of the home, enjoy cooking in the updated kitchen featuring white cabinetry, upgraded lighting, gleaming granite countertops, and ample storage space. This light and bright space is open to the living area, with hardwood floors throughout, and is perfect for entertaining! Let the fresh air in through the screened sliding door to the inviting covered porch. Continue upstairs to the completely private bedroom suite! With hardwood flooring throughout, plus a large walk-in closet, the vaulted bedroom is blanketed with natural light, and can easily accommodate a king-sized bedroom suite. Also, check out the primary bathroom that has been recently transformed with a luxurious oversized walk-in shower, stunning quartz countertops, and shiplap detailing. Take a peek up another flight of stairs to the unique bonus loft area, positioned above the bedroom, that can easily be adapted to suit your needs. Whether you envision it as a home office, art studio, or another spacious living area, this comfortable and quiet space provides endless possibilities! Positioned conveniently near the entrance to the community, the home also has an actual driveway large enough for a second car, which is rare in City Park...along with guest parking right outside your door, as well! The low HOA fee that covers water, sewer, exterior maintenance, a dog park, and tennis. Also, just around the corner is Beltline access with connections to Bobby Jones Golf Course, and the Bitsy Grant Tennis Center. You are also mere blocks off of Peachtree that offers quick access to Piedmont Hospital, the HIGH Museum, Colony Square, and tons of shopping and dining hotspots.
Source: GAMLS #10377772
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10377772
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: #10377772
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.