850 Piedmont Ave NE # 2102, Atlanta, GA 30308
1 beds · 1 baths · 970 sqft
This renovated, stunning one-bedroom, ground-floor walk-out condo floor plan rarely hits the market! This means you never have to wait for or take an elevator. As soon as you walk in, you'll notice the updated wide-plank wood floors, a beautifully renovated kitchen with newer appliances, a marble backsplash and custom lighting throughout! The doors have even been updated and the previously dated built-in living room cabinet wall was removed to create a more modern and spacious transitional vibe. Additional details include bottom-up, top-down window shades, glass shelves in the bar, a wine fridge and a Nest thermostat. As you enter the bedroom, you'll notice the custom black-out drapes, a large closet with custom shelving and additional access to the extra spacious terrace. The bathroom features a large, custom dual vanity cabinet, along with custom lighting and wallpaper. The wall-to-wall shower has a frameless glass door and is lined with floor-to-ceiling custom tile and marble, creating a spa-like atmosphere. On top of all that, the HVAC system was completely replaced in 2023, adding extra comfort, efficiency and peace of mind. This condo also includes TWO covered, gated deeded parking spaces on the same level as the mailboxes, a spacious terrace, plenty of guest parking. This community also offers amenities such as a renovated rooftop pool, outdoor seating areas, grilling stations, 6 private gated courtyards throughout and EV charging. Ideally situated, you can walk right out your back door to Piedmont Park, Colony Square, the Fox Theater, The Beltline and top restaurants. This is the only one-bedroom currently available in The Dakota, it will go fast!
Source: FMLS #7526239
Financials
Source: FMLS #7526239
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.