4865 Meadow Park Ln, Suwanee, GA 30024
6 beds · 5 baths · 6,162 sqft
Crown Jewel of Rivermoore Park! Coveted location, just steps away from "The Meadow" and walking distance to the amenities! This exquisite home has been completely updated with over $200,000+ luxury custom finishes. Beautiful curb appeal on this 4 side brick home with Southern Living front porch, on the perfect cul-de-sac. Roof recently replaced. Interior and exterior just painted. Let's talk about this lot... apprx 1/2 acre, professionally landscaped with lighting everywhere, huge flat backyard with room for a pool, completely fenced and private. Inside you are greeted by a 2-story light filled foyer, home office with built-in cabinetry, and a formal dining room. Gorgeous hardwoods refinished in popular Jacobean stain on main. Bedroom with wainscoting and full updated bathroom on main floor. Two-story great room has a gas fireplace, impressive built-in bookshelves, large expansive windows allowing for an abundance of natural light. This desirable open floor plan is perfect for entertaining! The gourmet kitchen has,new custom cabinetry with an oversized quartz island & countertops, seamless quartz backsplash, coffee bar, and stainless steel appliances including new gas cooktop and double ovens. Leading from the breakfast room, the new composite deck expands 54 ft X 14 ft across the whole back of the home and overlooks the new sodded yard and complete wooded privacy. The fenced, flat yard has a paver patio with built-in firepit, and provides plenty of space to add your own private pool. Upstairs you have the owner's suite with vaulted-tray ceiling w/ oversized fan, and plantation shutters. The master bathroom is a modern retreat with high-end finishes that create a luxurious, spa-like atmosphere. The entire space is beautifully tiled, with seamless glass shower, dual shower heads, multiple niches - for both style and function, dual quartz vanity and custom color-change lighting. The enlarged laundry room has additional linen storage and sink. Additionally, a secondary bedroom with vaulted ceiling, built-in cabinetry and ensuite bathroom, plus Jack n Jill bedrooms each with its own newly tiled bathroom and walk-in closets. But there is more... The fully finished daylight terrace level has it all: full bedroom and bathroom, media room, exercise room, billiard room, custom granite bar, climate controlled storage, and workshop! New roof, new carpet, new deck, and new concrete patio with covered under-deck waterproofing including recessed lights, fans, and blue-tooth speakers. Designer lighting and ceiling fans throughout the home. Garage is a true man-cave with a new polyaspartic floor by Guardian, just painted and new garage door. Additional parking space in the driveway, fits multiple vehicles. Amazing amenities include: Junior Olympic Swimming Pool, 10 Tennis Courts, Basketball Court, Putting Green, 2 Playgrounds, & 80-acre nature meadow just outside your front door! Award winning North Gwinnett High School, and close to Suwanee Town Center, Multiple Parks, Suwanee Greenway, Publix, Chick-fila, and Starbucks! Easy access to I-85, Hwy 400, Peachtree Industrial, Mall of Georgia and Lake Lanier! This is the perfect spot to call home!
Source: FMLS #7539295
Financials
Source: FMLS #7539295
Source: Public records
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%. 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.
Other resourcesWhat 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.
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