1 of 92
$1,170,000

2172 Briarlake Trce NE, Atlanta, GA 30345

6 beds · 4 baths · 4,167 sqft

As you enter through the grand foyer, you will pass by a warm triple flame porch lantern, and be greeted by soaring ceilings creating an atmosphere of grandeur, setting the tone for the design that follows with this remodeled all new one of a kind masterpiece. Step into a culinary paradise with a stunning gourmet kitchen featuring sleek quartz countertops and an elegant backsplash. Equipped with a top-of-the-line Zline appliance package, this kitchen is a chef's dream come true, offering both style and performance for all your culinary creations. Retreat to your luxurious primary suite, a true haven of relaxation. Indulge in the double slipper soaking tub under the soft glow of dual sconces, surrounded by custom tile work. The marble shower floor adds a touch of sophistication, while the quartz countertops elevate the space. Enjoy the convenience of his and hers walk-in closets and a private lavatory, creating a personal paradise just for you. From atop the foyer discover a cozy reading nook that invites you to unwind. Overlooking the entrance, this enchanting space offers the perfect spot to curl up with your favorite book, surrounded by elegance and tranquility. The estate features solid red oak hardwood floors throughout, adding warmth and sophistication to every room. Meticulously crafted details ensure that no corner is left untouched, showcasing the artistry of this magnificent home. The spacious in-law suite features two large bedrooms, each with walk-in closets and ample storage. Enjoy the convenience of a fully functional kitchenette, and private secondary laundry, making it an ideal space for guests or extended family. The suite is complete with a modern full bath, showcasing a custom tile shower with a sleek glass door-perfect for both comfort and style. Step outside to discover a beautifully landscaped outdoor space, perfect for entertaining or enjoying serene moments in nature. The oversized porch offers ample space for hosting summer barbecues or sipping hot cocoa during the holiday season. This home has been thoughtfully upgraded with new HVAC and plumbing systems, ensuring comfort year-round. All aspects of this residence reflects quality craftsmanship. This custom palace is not just a home; it's the perfect blend of luxury, comfort, and unique design. The location offers you the best of both worlds with nearby shops and restaurants just minutes away, making daily errands and dining out a breeze. Convenient access to highways ensures a quick commute to Emory University and other major destinations. This area is rapidly developing, offering exciting opportunities for growth and investment. With new businesses and amenities popping up, you'll love being part of a vibrant and evolving community. With award winning Briarlake Elementary school district and a welcoming neighborhood, this home is perfect for families looking to settle down in a nurturing environment.

Interest rate 3
3.47%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$3,221
With Roam
$4,577
Reduce your monthly payments by $1,356 when you assume this mortgage.
You also save $412,476 in total interest paid.

$519,135
Edit

You may be able to put down less than the total down payment amount of $519,135 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.12 acres
Year built
1990
Type
Single Family Residence

Source: GAMLS #10398738

Loan
Remaining term
25 years, 4 months
Rate
3.47%
Monthly P&I
$3,221
Remaining loan balance
$650,864

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 23, 2024 06:14 am
Listing agent: Brolin Whitaker (678) 591-1445
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10398738
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$3,221/mo
View details