3965 Fouts Dr, Cumming, GA 30028
6 beds · 7 baths · 9,663 sqft sqft
STUNNING, EXECUTIVE ESTATE HOME situated on a GORGEOUS 2.63 ACRE WOODED LOT in Gregory Estates in the WEST FORSYTH school district. This FABULOUS home is an ENTERTAINER’S DREAM, as it EXUDES ELEGANCE throughout with its DRAMATIC CELIINGS, GORGEOUS HARDWOODS, EXTENSIVE MOLDINGS and TRIM. Enter this CUSTOM-BUILT home through the rich MAHOGANY, ARCHED front doors into the 2-STORY FOYER with a GRAND ROTUNDA featuring a STATELY SPIRAL STAIRCASE that ABOUNDS IN LUXURY CRAFTSMANSHIP. As you pass through the foyer, you will be impressed with the MASSIVE DINING ROOM, LARGE ENOUGH TO SEAT 14-16 PEOPLE, and the HOME OFFICE, with double 9’ FRENCH DOORS and ATTRACTIVE MILLWORK. Past the foyer, you will be awestruck by the view of the 2-STORY GREAT ROOM featuring a SOARING WALL OF WINDOWS, STONE FIREPLACE, CUSTOM MANTLE and COFFERED CEILINGS. Saunter into the RECENTLY RENOVATED CHEF’s KITCHEN that boasts CUSTOM CABINETRY, elegant QUARTZ Countertops, BEAUTIFUL TILE BACKSPLASH, DELUXE G.E. MONOGRAM APPLIANCES, DOUBLE OVENS, 8-BURNER COOKTOP w GRIDDLE, PREP SINK, COFFEE BAR and a WALK-IN-PANTRY. Don’t miss the HOME WATER FILTRATION SYSTEM and REVERSE OSMOSIS DRINKING FAUCET. All these amazing features are OPEN TO the SPACIOUS KEEPING ROOM with BEAMED VAULTED CEILINGS, WINDOWS GALORE, and a STACKED STONE FIREPLACE. The kitchen breakfast area offers SERENE VIEWS to the COZY SCREENED-IN PORCH area with an OUTDOOR FIREPLACE that makes a FANTASTIC PLACE TO WATCH FALL SPORTS. The OVERSIZED MASTER ON MAIN provides a pleasant SITTING AREA, FIREPLACE, and DRAMATIC TREY CEILING with LIGHTING. The UPDATED MASTER BATH offers exquisite QUARTZ COUNTERTOPS, UPDATED LIGHT FIXTURES, SEPARATE HIS and HERS VANITIES, a HUGE DOUBLE SHOWER, a JETTED TUB, SEPARATE HIS/HERS CLOSETS, and a morning COFFEE BAR with BEVERAGE COOLER. There are two separate LAUNDRY ROOMS and DUAL STAIRCASES to save steps between the primary and upper floors. Upstairs includes a HUGE STUDY/FLEX ROOM with two BUILT-IN DESKS and an entrance to yet another BONUS "secret" room that would be a perfect TOY or HOBBY ROOM. You will enjoy FOUR GENEROUSLY SIZED SECONDARY BEDROOMS on the upper floor, each with its DELUXE ENSUITE BATHROOM. Follow the spiral staircase down to the TERRACE level w/ 9' ceilings, a HUGE 2nd MASTER SUITE with a RECENTLY REMODELED bathroom, a NEW FULL KITCHEN with QUARTZ COUNTERTOPS, a HUGE ISLAND, NEW STAINLESS-STEEL APPLIANCES, including a DISHWASHER, FULL SIZED FRIDGE, ELECTRIC RANGE, and MICROWAVE, making it CONVENIENT to host PARTIES out at the pool or have a PRIVATE APARTMENT for your IN-LAWS or GUESTS. The basement also offers a nice THEATRE/GAMING ROOM and an OVERSIZED EXERCISE ROOM that could double as an extra bedroom if needed. And yet, there is more…head out to the GORGEOUS BACKYARD OASIS! The RESORT-LIKE ATMOSPHERE includes a recently installed large CUSTOM TRAVERTINE PATIO, a salt-water pool with WATERFALLS, a SPLASH PAD, as well as a DELUXE 7-person HOT SPRINGS JACUZZI. The large FENCED-IN BACKYAD is perfect for OUTDOOR FUN, with a playground and trampoline. And finally, don’t miss the OVERSIZED THREE-CAR GARAGE with BUILT-IN STORAGE room and ELECTRIC CHARGING STATION. Gregory Estates is a private wooded subdivision with 25 custom-built homes; very friendly and boasts lots ranging from 2-4 acres, but no HOA. YOU WILL FALL IN LOVE! Make your appointment today! THIS HOME IS A MUST-SEE!
Source: FMLS #7455391
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7455391
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.
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.
MLS ID: #7455391
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.