618 Gresham Ave SE, Atlanta, GA 30316
5 beds · 5 baths · 2,367 sqft sqft
Just listed this newer construction designer's dream in the heart of East Atlanta Village, offering a perfect blend of modern luxury and timeless charm. From the moment you approach the large covered front porch, you'll be captivated by the home's beautiful curb appeal and thoughtful design. Inside, gleaming hardwood floors run throughout, creating a warm and inviting atmosphere in the open-concept living space. This spacious home features 5 bedrooms, 4.5 baths, and a 2-car garage, making it perfect for both everyday living and entertaining. The chef-inspired kitchen is a true highlight, boasting gorgeous granite countertops, stainless steel appliances , a pantry, and custom cabinetry. The adjacent living room is a showstopper, with custom wood accents, a sleek modern fireplace and built in bench. The main level also opens up to a large covered back deck, ideal for outdoor dining or relaxation. The luxurious main bedroom suite is a serene retreat with a private covered porch, his and her walk-in closets, and a spa-like bathroom that exudes elegance. Enjoy a custom shower, a soaking tub, double vanities, and a linen closet. The home is filled with custom lighting and Craftsman-style wood details, ensuring that every corner feels unique and thoughtfully crafted. Each of the home's bedrooms is spacious, with custom-built closets, while solid core doors add to the home's exceptional quality. For added flexibility, the flex space upstairs has been finished adding a bonus room, additional bedroom or office as well as a full bath. The garage is also set up for an electric car, catering to modern needs. This exceptional home is located just one neighborhood away from the vibrant Beltline and in a highly desirable school district, offering the best of intown living. With easy access to dining, entertainment, parks, and just minutes from the airport, this home truly has it all. Don't miss the chance to make this spectacular property yours!
Source: GAMLS #10414981
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10414981
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: #10414981
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.