229 Club Pl SE, Atlanta, GA 30317
4 beds · 3 baths · 2,604 sqft
Classic design meets modern appointments in this immaculate open floor plan charmer in the Drew Charter School district and a stone's throw from East Lake Golf Club. This true gem has a wrought iron automatic driveway gate, parking galore, large rocking chair front porch, lots of windows/natural light, gracious entertaining areas indoor and out, plantation shutters, hardwood floors throughout, crown molding, and the list goes on. The main floor features include the family room with a cozy gas fireplace flanked by built-in shelves and French glass doors leading to an amazing outdoor area, lovely coffered ceiling dining room, kitchen with stainless steel appliances, granite countertops, custom white cabinets, designer tile backsplash and breakfast bar, and a bedroom/office with a full bath. Continue to the 2nd floor where you will find the spacious primary suite with covered large private balcony, Elfa shelving walk-in closet, spa-inspired bath with separate shower, whirlpool tub and dual sinks. Secondary bedrooms are roomy, also with Elfa shelving closets, including one with a very large primary-like walk-in closet. Now for the piece de resistance, the great outdoors! Starting with the all brick patio for Al Fresco dining which can be covered or open: the Struxure/Arcadia louvered roof system has LED lights, fan, remote control & rain sensor with an automatic close feature. Continue out to the beautiful expansive professionally landscaped yard with irrigation and an enviable firepit area with vintage string lights. This is the ultimate relaxation and entertaining area. Another Do Not Miss feature is the sizeable bonus space above the detached garage ready to be finished for your delightful carriage house! Luxury living in a quiet intown neighborhood just blocks from 2nd and Hosea restaurants and breweries, Oakhurst Village, Decatur, Kirkwood, Pullman Yards, etc. The location is ideal and convenient to so much that Atlanta has to offer, as well as minutes from I-20.
Source: GAMLS #10385820
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10385820
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: #10385820
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.