3000 Cathedral Pl
Decatur, GA 30034
3 beds · 3 baths · 4,261 sqft
$995,000
Get prequalifiedAbout this home
Welcome to this one-of-a-kind gated estate, offering unmatched versatility for short-term rentals, events, business ventures, or private living. Set on 3.62 acres of picturesque land, this rare British Tudor-style home, crafted from elegant brick and stone, overlooks a serene lake, with a second tranquil lake just beyond its borders. Inside, you'll find 4 spacious bedrooms and 3 beautifully designed bathrooms, complemented by stunning architectural features such as marble flooring, 100% wool carpeting, stained glass windows, and exposed wood beams. The home is being sold fully furnished, with unique vintage pieces that enhance its timeless character. A 720 sq ft garage offers ample space for storage, parking, or potential studio conversion. This estate has been featured in numerous film and TV productions, including Netflix’s "Dumb Money," Disney+’s "The World According to Jeff Goldblum," and BET’s "Magic City," making it not only a beautiful residence but also a proven filming location. Zoned for both office and institutional use, this property offers endless possibilities—ideal for a business retreat, wellness center, creative studio, or live/work setup
Source: FMLS #7617612
5-year savings
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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.
