740 Lakeview Pkwy, Locust Grove, VA 22508
3 beds · 2 baths · 1,767 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Updated, single-level living and an incredible Lake of the Woods lifestyle is waiting for you – introducing 740 Lakeview Parkway! This residence includes three bedrooms, two baths and nearly 1,800 square feet of living space. It sits on a .31-acre lot on the northern edge of the amenity-filled Lake of the Woods community. With this location, you’re a block and a half from the lake and a hoppin’ dog park just half a mile up the road. Additional amenities you’ll enjoy include multiple swimming pools, multiple lakes and marinas, pickleball and tennis courts, walking trails, a fitness center, equestrian center, clubhouse, campground, community center, award-winning golf course and so much more! The acreage here is delightfully green and relatively maintenance-free. For parking, there is a U-shaped asphalt driveway that is less than three years old. The pops of plants truly radiate come springtime, contrasting beautifully against the tan-hued residence. Looking into the back yard, it is a shaded and well-shaded utopia. The deck was just re-stained and is in great shape. There is plenty of room for a barbecue set-up, tables, chairs and more. Note the sunroom off the back of the home for taking it in! Before heading inside, note that the roof was replaced just last year! Inside, you’re greeted with a small foyer that opens up to the recently remodeled kitchen (less than five years-old!). It includes all quartz countertops, a glass tile backsplash, shaker gray cabinets, stainless steel appliances (newer smart refrigerator!) and a look-through to the sunroom. Off the kitchen is the dining area with a sliding glass door to the deck and the living room with a gas fireplace and vaulted ceilings. Note the fresh Riviera Pewter (light tan-gray) paint and LVP flooring throughout! As for the three bedrooms, all of them have new carpet! Down a hall, you’ll find the laundry room (with newer machinery) as well as all three bedrooms and two full baths. The hall bath is the largest with a tub/shower combo and a single sink. Toward the back of the hall is the primary suite, complete with a walk-in closet and ensuite bath with a walk-in shower. Across the hall from the primary suite, note the bedroom with a walk-in closet! In addition to plenty of closet space throughout the residence, there is an attic here for storage. The HVAC and hot water heater have been regularly maintained. For everyday needs and within 10 minutes, there are multiple shopping complexes with grocery and dining options. Beyond the home and Lake of the Woods community, Culpeper, Orange and Downtown Fredericksburg are all accessible within 35 minutes. Golf lovers, battlefield explorers and winery fans have several options within 10 minutes, too. For its classic-meets-modern, incredible amenities and so much more, 740 Lakeview Parkway is a must-see, folks!
Source: BRIGHT #VAOR2009424
Source: BRIGHT #VAOR2009424
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.