705 Hildebrand Dr, Bonneau, SC 29431
3 beds · 2 baths · sqft sqft
Welcome to the Tree House at the Lake! This unique home is located across the street from Lake Moultrie, with convenient private lake access just a few steps away. The potential for a fantastic vacation rental is here with the possibility to complete the renovations into a 4/5 bedroom home with the Studio with loft area as well. This has the potential to sleep 12-14 guests comfortably making it attractive to large groups and higher nightly rates! Your guests will love enjoying morning coffee on the 2nd story porch with water views, or ending the evening watching some amazing sun sets!While the house does require some repairs, it remains very much livable and primed to complete the renovations to make it your own dream home! Upon entering the front door, it's evident that this home , it's evident that this home was designed to accommodate a large family as well as entertain large groups. In addition to the 3 bedrooms and 2 baths in the main house, renovations to finish the area above the large garage are underway. The area has the potential to become a nice bedroom suite with a separate room that could be used as an office, game room, or 5th bedroom. It's just waiting for the new owner's vision to complete the aesthetics. The large kitchen is equipped with top-of-the-line modern appliances including a Samsung Family Hub Fridge, a Samsung Gas Stove with a dedicated 350lb natural gas tank, and a Bosch Dishwasher. There are three (?) spacious living areas that were previously used as a family room, a piano room, and a pool table room. One of the features that make this property unique is a massive enclosure that connects the rear of the main house to the garage and finished studio (is this a separate space? not called out anywhere else). This enclosure, called "the fry house" is the perfect place for cooking up a large catch while entertaining a large group of friends! Don't miss out on the opportunity to make this special lake property your dream home, vacation retreat, or short term vacation rental. Updates include: Septic upgrade with all new, and added drain fields 2023 New roof all almost all new plywood with architectural shingles 2024 Copper gutters installed Detached room off garage has been renovated into movie/game/office with a built-in loft. Faux beams All new wiring and Sheetrock Frog added over garage for master suite. Electrical, spray foam insulation DP rated argon gas filled windows. Rotten exterior wood was replaced with JH board. House exterior has been painted with two coats of Sherwin Williams Duration Acrylic Latex Renovation started on exterior work shop with DP rated argon gas filled windows added. Upstairs bathroom renovated with walk in shower, smart toilet bidet with lots of over the top features, smart sink faucet and lights. New tile Samsung family hub fridge Samsung gas stove with a dedicated 350lb natural gas tank Bosch Dishwasher All appliances bought in 2022 LG front load washer and dryer Front porch redone with new decking bed swing and stained Old porches on the side and back of house were removed Ceilings in dining area and upstairs scraped and redone Some cabinets removed to open view of lake from kitchen Fireplace cleaned Copper roof flashing New kitchen sink and smart faucet Downstairs bathroom has been gutted. Has all new plumbing and set up for a double shower. Pocket door kit, new subfloor and durrock is down The garden is robust with life including: Peaches Bananas Raspberry blueberry blackberry Red Plum Hybrid grapefruit (the best I've ever had) Ginger, olives, mint House has private lake access directly across the street Lots of Phillips Hue smart lighting Laundry area built in under frog steps 2500.00 of glass tile for the downstairs shower wall The owner has the JHB to finish the exterior dormer New ductless AC to be installed in master or movie room Three DP rated gas filled picture windows Lots of JHB baseboard and crown for the garage and movie room Antique claw foot tub for c
Source: CTAR #24027937
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24027937
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: #24027937
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