5130 Otter Creek Run, Cumming, GA 30040
5 beds · 3 baths · sqft
Welcome to this exceptional 5 bedroom, 3 bath ranch home located in the Shiloh Creek swim/tennis subdivision districted for Denmark High School. This inviting home offers a spacious and versatile floorplan perfect for anyone seeking a blend of comfort and functionality plus modern convenience paired with tranquil outdoor living spaces! The contemporary lifestyle is showcased from the exterior curb appeal featuring extensive hardscaping to the interior decor including sleek cabinetry and timeless design. Do you love to ENTERTAIN? This home is the one! The outdoor living spaces feature a Screened Cabana with Hot Tub and large deck with built in seating will make for fun gatherings with family and friends. The Kitchen has 2 dishwashers and a top tier refrigerator to make entertaining prep and clean up a breeze! The ranch style footprint of this home features living and dining areas open to the kitchen plus a split bedroom plan versatile for multigenerational living. The floorplan flows well for easy living with main level Owners suite and two guest bedrooms. Prepare to be WOWed by the primary owners' space featuring a spa bathroom with steam shower, heated floors, soaking tub and spacious CUSTOM closet with modern cabinetry, lighted dressing vanity area, customized glass closets plus integrated laundry/ironing cabinetry. Amazing use of space! Adjacent to the garage entry are stairs leading to an expansive upstairs suite that you must see to fully appreciate. There is a stunning flex bonus/4th bedroom detailed with vaulted ceiling and beams. Options galore depending on your lifestyle. Would be an amazing recreation room for a billiards table, for homeschooling activities or even a yoga/dance studio with the new LVP flooring. Adjacent is a full suite with 5th guest bedroom and full bath plus walk in storage areas. Just step outside to your private outdoor oasis, where every detail has been considered. Enjoy year-round relaxation in the Screened Cabana complete with a hot tub or host gatherings on the low-maintenance TREX deck with built in seating. The fully fenced backyard is a gardener's dream, featuring a greenhouse for cultivating plants and vegetables plus a large workshop/storage "She Shed" equipped with an A/C unit for comfort and practicality. Not to be missed are the garages that can house up to 4 cars and additional parking pad. The 3rd deep tandem garage bay fits 2 cars but can serve as 'ManCave' workshop, boat storage or golf cart parking. It also features custom cabinetry for storage and a beverage fridge. All this plus a prime location in the Forsyth County school district that also has private schools nearby. Take advantage of a lifestyle of comfort and outdoor enjoyment. Easy access to GA-400, Highway 9, and the Big Creek Greenway for commuting, biking, walking, and outdoor enjoyment. You'll also be just minutes from premier shopping, dining, and entertainment at Halcyon and The Collection. Both Emory Johns Creek Hospital and Northside Forsyth Hospital are just a short drive away. Currently priced below appraisal for a quick sale. Act now for your opportunity to own this exceptional property in one of Forsyth County's most desirable areas! Schedule your private tour today and make this house your forever home.
Source: FMLS #7488794
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7488794
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: #7488794
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