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$257,500

3481 LAKESIDE DR NE, Atlanta, GA 30326

1 beds · 1 baths · 750 sqft

Welcome to Unit 1105 at Grandview Luxury Hi-Rise Condominiums, where sophistication meets convenience in the heart of Buckhead. This exquisite 1-bedroom, 1-bathroom condo offers a lifestyle of unparalleled elegance and comfort, perfectly positioned to enjoy all that Atlanta's most vibrant neighborhood has to offer. Step into the spacious open floor plan, ideal for both relaxation and entertaining, with abundant natural light streaming through expansive windows. The gourmet kitchen features sleek granite countertops, high-end stainless steel appliances, and ample cabinet space for all your culinary needs. The luxurious master suite is a serene retreat with a large walk-in closet and a beautifully appointed en-suite bathroom boasting designer fixtures and finishes. Enjoy your morning coffee or unwind after a long day on the private balcony, with breathtaking views of the Atlanta skyline. The Grandview community offers unmatched amenities, including 24-hour concierge service ensuring your every need is met with personalized attention. Stay fit and healthy in the state-of-the-art fitness center, equipped with the latest exercise machines and free weights. Relax and recharge at the resort-style pool and spa, or host social gatherings in the elegant clubhouse, complete with a kitchen, media room, and business center. Situated in the prestigious Buckhead district, Unit 1105 offers immediate access to premier shopping, dining, and entertainment. Walk to Lenox Square and Phipps Plaza, or enjoy a night out at one of the many upscale restaurants and bars in the area. With convenient access to major highways and public transportation, commuting is a breeze. Seller will install the washer and dryer hookups to the units before closing, with an acceptable offer. Don't miss the opportunity to make this stunning condo your new home. Experience the best of Buckhead living at Grandview Luxury Hi-Rise Condominiums. Schedule your private tour today.

Interest rate 3
3%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$756
With Roam
$1,098
Reduce your monthly payments by $341 when you assume this mortgage.
You also save $110,098 in total interest paid.

$90,331
Edit

You may be able to put down less than the total down payment amount of $90,331 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

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
Size
750 sqft
Lot size
0.017 acres
Year built
1990
Type
Condominium
Loan
Remaining term
26 years, 10 months
Rate
3%
Monthly P&I
$756
Remaining loan balance
$167,168

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?

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.

Will an assumption work for me?

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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

Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Sep 18, 2024 09:06 am
Listing agent: maimouna n. samb (770) 401-6309
Listing provided courtesy of: Keller Williams Atl.Perimeter (678) 298-1600
Details provided by GAMLS and may not match the public record.
MLS ID: #10314771
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.
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 45 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.
$756/mo
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