5355 Avonshire Ln, Cumming, GA 30040
6 beds · 4 baths · 4,514 sqft sqft
Welcome to 5355 Avonshire Lane, a beautiful brick front home nestled in the sought-after Castlebrooke Subdivision. This spacious property offers a blend of elegance and functionality, perfect for modern living. Enjoy the convenience of a luxurious primary suite located on the main level, complete with a spacious bathroom and ample closet space. An additional bedroom or office with a full bath is also located on the main floor, providing flexibility for guests or home office needs. The two-story great room features a cozy fireplace flanked by windows, allowing for plenty of natural light and a seamless flow into the kitchen. The adjacent kitchen boasts a functional layout, perfect for entertaining or family gatherings. Enter through a grand two-story foyer that leads to a formal dining room, ideal for hosting dinner parties and holiday celebrations. Upstairs, you'll find three additional bedrooms and a well-appointed bathroom with a double vanity, offering comfort and privacy for family members or guests. The finished terrace level is an entertainer's dream, featuring a media room, custom wet bar, computer room, additional bedroom, full bath, and a family room. It's the perfect space for movie nights, game days, or hosting friends and family. Step outside to enjoy the expansive wood decks, perfect for outdoor dining or relaxing with a good book. The private backyard backs up to a nature preserve, providing a serene and picturesque setting. Castlebrooke HOA offers a fantastic amenity package, including a pool, tennis courts, playground, and clubhouse ensuring fun and recreation for all ages. This home is ideally located with easy access to GA 400, Northside Forsyth Hospital, and excellent schools. Nearby attractions include the new Cumming City Center, Vickery Village, Big Creek Greenway Trail, Halcyon, and The Collection, offering a variety of shopping, dining, and entertainment options. Don't miss your chance to own this incredible home in one of Cumming's most desirable communities. Schedule your private showing today!
Source: GAMLS #10384051
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10384051
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: #10384051