1071 Oak Plains Rd Clarksville, TN 37043
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About this home
Welcome to this exceptional property designed for both refined living and equestrian passion. Nestled on 11.7 sprawling acres, this home offers nearly 5,400 sqft of finished living space, a fully equipped 36x36 Metal Horse Barn with Electric & 2 Water Spigots, multiple fenced pastures, and a 200x90 Arena making it the ultimate retreat for owners who value space, craftsmanship, and lifestyle. Step inside to discover an inviting open layout featuring 3 spacious bedrooms, 2.5 bathrooms, and a dedicated office overlooking the serene pastures on the main level. The living area is filled with natural light, while the kitchen features stainless double ovens, gas cooktop, and a warming drawer & microwave in the island. The office opens to a covered patio, perfect for morning coffee or evening sunsets. The second floor includes a bonus room, another bedroom with closet, but no window, and a full bathroom, ideal for guests or a private hobby space. The finished basement is a haven of versatility, complete with an office/gym, full bathroom, safe room, refrigerator, and cellar. A 3-Car Garage and basement workshop provide additional functionality, alongside ample storage and access to the outdoor spaces. 3 Impact Resistant Architectural Certainteed Landmark Shingle Roof installed July 2023 and updated back deck in October 2025 ensure peace of mind and lasting value.
Source: REALTRACS #3033484
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.