515 S BOUND CT, Acworth, GA 30102
Seize this rare opportunity to own a beautifully maintained home with a spacious finished basement on a private lot in the highly sought-after High Shoals Neighborhood. Nestled at the end of a quiet cul-de-sac and backing up to a tranquil natural setting, this home offers ultimate privacy and the perfect blend of convenience and lifestyle. Located just minutes from Lake Allatoona, scenic parks, campgrounds, major highways, grocery stores, and the vibrant downtown areas of Woodstock, Acworth, and Kennesaw, you’ll enjoy the best of both worlds! This tight-knit community loves to come together with seasonal gatherings, including chili cook off, cookie decorating class and a festive visit from Santa and Mrs. Claus on a golf cart during the holidays, spreading cheer throughout the neighborhood. Step into the elegance of the Piedmont Residential Brentwood floor plan, designed with an open concept that immediately welcomes you with a large covered front porch—perfect for relaxing with a drink and soaking in the peaceful surroundings. Inside, the main level features luxury vinyl tile (LVT) flooring throughout (carpet in bedrooms), setting the stage for a 5-bedroom, 3.5-bathroom home. The versatile front room, currently used as an office, could easily transform into a living room, playroom, or craft space to suit your needs. The formal dining room flows seamlessly into the gourmet kitchen, complete with a gas stove, stainless steel appliances, custom pantry shelving, granite counter tops, a large kitchen island, and a stylish back splash. Enjoy meals in the cozy eat-in area while overlooking the family room, which offers a warm, inviting gas fireplace and a stunning view of your private backyard. Step outside to your deck, right off the kitchen, where you can savor starry nights and cool evening breezes. Upstairs, you’ll find four generously sized bedrooms, two full bathrooms, and a conveniently located laundry room. The owner’s suite is a serene retreat with tray ceilings, ample space for a king-sized bed, two nightstands, and two custom walk-in closets. The luxurious en suite bathroom offers a soaking tub for relaxation and a separate shower with a tank less water heater that guarantees endless hot water. The finished terrace level is an entertainer's dream, featuring a second family room that opens to its own deck, perfect for enjoying cooler evenings. This level also includes a mini-fridge, microwave, full bathroom, and an additional bedroom with two closets, making it an ideal second owner's suite or guest space. In additional you have unfinished space perfect for storage. We would encourage you to take advantage of special savings with a corporate membership to the Bridgemill Athletic Club. Enjoy access to a range of amenities including the pool, fitness center, group fitness classes, playground, sand volleyball, basketball courts, and kids and family programs. For more details, contact the listing agent. Run don't walk to see this exceptional home in person and discover the lifestyle you've been dreaming of!
You may be able to put down less than the total down payment amount of $244,840 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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.
MLS ID: #7452778
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.