Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 51
$620,000

4851 Planters Walk, Douglasville, GA 30135

5 beds · 5 baths · sqft

Welcome to 4851 Planters Walk in Douglasville, Georgia, where luxury and convenience meet in this stunning single-family home. Located just a 25-minute drive from Atlanta, this property offers the perfect balance of suburban tranquility and easy access to city amenities. Nestled in one of the most desirable neighborhoods in the area, this home boasts the largest floor plan and the largest lot in the community, making it the perfect choice for those seeking space, comfort, and a prime location. As you step inside, you'll be immediately struck by the grand two-story foyer and living room, which create an open, airy atmosphere and set the tone for the rest of the home. The oversized kitchen is a chef's dream, featuring beautiful granite countertops, an abundance of cabinetry, and modern appliancesCoideal for preparing meals and entertaining guests. The massive movie room, located in the spacious two-story basement, offers the perfect space for movie nights or hosting a private viewing party. For those who love to stay active, the private basketball court in the backyard provides endless hours of entertainment. The home also features additional storage and living space in the two-story basement with attic space, providing unmatched storage or the potential for a home gym, office, or playroom. With a three-car garage and ample parking, there is no shortage of room for your vehicles, guests, or hobbies. Whether you're hosting a family gathering or enjoying a peaceful evening, the expansive outdoor deck is perfect for relaxing and entertaining in style. One of the homeCOs unique architectural features is the catwalk, which adds a touch of elegance and charm while enhancing the open and flowing design. Every inch of this home is designed to offer both beauty and function, from the soaring ceilings to the spacious bedrooms and baths. This home truly stands out as an entertainment haven, ideal for large gatherings and everyday comfort. Located in a prime, family-friendly area, you'll enjoy easy access to parks, top-rated schools, shopping, and dining. Plus, with the heart of Atlanta just a short drive away, you have the best of both worlds: a serene retreat with urban conveniences right at your doorstep. DonCOt miss your chance to own this exceptional property at 4851 Planters WalkCoschedule your private tour today and see for yourself what makes this home truly special.

Estimated
Seller's interest rate
3.05%
7%
Estimated
Principal & interest
$203/mo.
$309
You may also save up to $34,490 in total interest paid.
Listing price
$620,000

Your cash down payment
$574,949
Seller’s estimated current equity is $574,949
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $203 monthly payment

Financed
$45,050
Assumed mortgage 3.05% • Seller's rate
$45,050
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

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
Lot size
0.487 acres
Year built
2005
Type
Single Family Residence

Source: GAMLS #10417677

Loan
Remaining term
27 years, 2 months
Rate
3.05%
Monthly P&I
$203
Remaining loan balance
$45,050

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 22, 2024 12:15 am
Listing agent: Evan Stalcup (678) 615-9658
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10417677
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.
Fair Housing Act logo 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 30 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.
$203/mo
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