5927 Terrace Lake Pt, Flowery Branch, GA 30542
4 beds · 3 baths · 2,614 sqft sqft
Immaculate, Spotless, Dream Home! Over $65K in upgrades in recent years, including over $30K in 2024 alone! Just minutes from Lake Lanier and vibrant downtown Flowery Branch, this 4-bedroom, 2.5-bath beauty with a full unfinished basement offers modern comfort in a prime location. The open-concept family room with a cozy fireplace invites warmth and connection, highlighted by soaring vaulted ceilings. The space flows into a fully remodeled kitchen, designed to impress. Featuring stunning quartzite countertops, a large island, and sleek stainless-steel appliances, including a double oven, this kitchen will win your heart. Newer hardwood floors span the main level, which includes a spacious primary bedroom with an ensuite bath. The bathroom offers double vanities and a jetted soaking tub, creating a serene retreat. A versatile bonus room with elegant double French doors overlooks the enticing front porch. Whether used as a formal dining room, home office, or creative space, you can tailor it to your needs with your own personal touch. Every detail has been thoughtfully updated, from the beautiful kitchen and floors to the deck and professional landscaping. Brand-new light fixtures, bathroom fixtures, and doorknobs create a fresh, inviting atmosphere throughout. Freshly painted rooms, trim, and a refreshed exterior add even more appeal. Some bonuses: The main-level laundry room includes a convenient sink. All four bedrooms feature walk-in closets, providing ample storage. Plus, a walk-in attic (460 ft.) with a window offers the potential to be finished, adding even more space adjacent to the bedrooms upstairs. The full unfinished basement, already stubbed for a bath, offers great potential for expansion. Whether you dream of a media room, gym, or in-law/teen suite, the space is yours to customize. Step outside onto the newly expanded deck, which overlooks a professionally landscaped, large corner lot. With new sod and vibrant plants, this outdoor oasis is perfect for both entertaining and relaxation. Easily maintain your yard or garden with a programmable irrigation system. Covers the entire yard with 13 zones that can be scheduled to run different days and times. Enjoy lower HOA fees and access to a community pool, in quiet, well-established, Silverthorn, an ideal neighborhood for your next chapter. Whether you're enjoying near-by Lake Lanier or exploring downtown Flowery Branch shops, restaurants, festivals and events, this prime location offers both tranquility and accessibility. Fun fact: During certain fall and winter months, you’ll enjoy views of the lake from the upstairs bedroom window! Schedule a tour today and experience all that this exceptional, move-in-ready home has to offer!
Source: FMLS #7476169
Source: FMLS #7476169
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: #7476169
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.