300 Island Cove Dr
Newnan, GA 30263
4 beds · 6 baths · 8,560 sqft
$1,624,900
Get prequalifiedAbout this home
GORGEOUS LAKE FRONT CUSTOM ALL BRICK RANCH HOME IN SOUGHT AFTER LAKE REDWINE NEIGHBORHOOD On 1.52 +/- Acre Lot Has Panoramic Views Through Custom Floor To Ceiling Windows Of The Lake And Boat Dock!! 4 Bedrooms & 4.5 Baths. Recently renovated home with Chef's Kitchen with high-end stainless appliances, fabulous Wolf 6 Burner Range in Brick Alcove, Warming Drawer, built-in Sub-Zero Fridge and custom cabinets with quartz countertops & quartz backsplash with huge quartz countertop island, oak hardwood flooring, Vaulted Beamed Ceiling sunroom that adjoins the Kitchen with beautiful lake views! Access to Back Covered Lake Viewing Oversized Breezy Screened Porch with Herringbone Brick Flooring. Family Room w/ coffered ceiling, fireplace w/ marble surround w/ gas starter & oak hardwood flooring, small nook off the family room with built-in shelving. Dining Room that seats 12 w/ oak hardwood flooring & built-ins & triple trey ceiling. Primary bedroom suite with water views with hardwood flooring & his and hers bathrooms spa bath huge marble tiled Shower, dual vanities with granite countertops and jetted soaking tub with custom designer closet, porch access. Two guest bedrooms on main, renovated adjoining bath & spacious walk-in closets with built-ins. French doors off the primary closet leading to the covered screen porch. Tiled laundry room with w/ mud sink, tiled backsplash w/ wood countertop & cabinets. Stunning basement complete w, designer kitchen/living space, Kitchen has quartz countertop & stainless appliances. Multi-Generational/ In-Law Suite/Teen-Suite or Nanny quarters. Office space, bedroom w/ huge walk-in closet w/ built-ins and tiled guest bathroom w/ granite countertop w/ vanity and tiled surround shower/soaking tub. Elevator that services both floors. Game room with hardwood flooring, w/ gas starter fireplace, built-in bar w/ sink, kegerator & mini frig and gym. Salt water Gunite Pool with tiled bathroom with vanity & tiled shower. Work-out room . 3 Car Garage with Circular Driveway! Lake Redwine lake offers a 300 +/- Acre Lake, Clubhouse, Marina, Lighted Tennis/Pickleball Courts, Playground, 2 Pools, Lake Fishing, Swimming, Resident clubs and Neighborhood Events!
Source: GAMLS #10567490
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.