3000 Cathedral Pl, Decatur, GA 30034
4 beds · 3 baths · 4,261 sqft sqft
Welcome to Cipresso Castle, a luxurious British-style mansion that exudes elegance and grandeur. Enjoy the flexibility for short term rental, event facility, and residential uses, this sought-after location offers the perfect blend of convenience and sophistication. Other uses could include wellness retreat center, medical institution, the sky is the limit for its uses. This gated estate, beautifully crafted from brick and stone, sits on 3.62 acres of pristine land overlooking a serene lake with another lake just outside the property. The mansion boasts 4 spacious bedrooms and 3 bathrooms, all meticulously designed to offer the utmost in comfort and style. The interior features stunning hardwood floors, exquisite stained glass windows, and charming exposed beams that add a touch of historic charm to the home. Step into a world of luxury and opulence with every detail thoughtfully curated. Cipresso Castle COMES FULLY FURNISHED with high-end pieces that complement the home's sophisticated aesthetic. Additionally, it includes a 1959 Jaguar, a classic car that enhances the estate's timeless appeal. This magnificent home has also gained recognition as a sought-after filming location, recently featured in Netflix's "Dumb Money" and many other movies. Cipresso Castle is more than just a residence; it is a piece of cinematic history and a testament to exquisite living. Revenue statements available upon request with a letter of intent. Roll out the red carpet and get ready to experience Cipresso Castle Living!
Source: GAMLS #10408207
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10408207
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: #10408207
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.