1087 N Turkey Creek Rd Leicester, NC 28748
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About this home
Create your own sustainable paradise in Western NC, surrounded by over 600 acres owned by the Southern Appalachian Highlands Conservancy, a natural buffer that ensures your view, your privacy, and your peace will endure for generations! Tucked away at the end of the magnificent valley that is North Turkey Creek Rd, find yourself feeling peaceful and grounded in this 2 bed, 2 bath home on 10.12 acres nestled at 3,000 feet elevation. Wooded and private, meandering trails lead to additional home sites, perfect for a guest cottage, family compound, or short-term rental cabins. Spring fed streams flow throughout the property, adding to its allure. The home itself is a rare concrete build - made to last and naturally insulated, with solar panels on the roof for enhanced energy efficiency, and a 1500 gallon holding tank, previously connected to a spring. It was originally built as a "Y2K bunker"! The main level features 2 bedrooms and a full bath, with one of the rooms doubling as a glass enclosed sunroom with French doors. A charming woodstove keeps you cozy all winter in the open living and kitchen space. The finished lower level with full bath and separate exterior entrance adds approximately 739 sq ft of flexible space — ideal for a guest suite, studio, or home office (not included in main HLA due to exterior access). Notice the special touches throughout the home, like the bedroom reading nook, river stone transitions in the floors, hand painted "sky" ceiling in the basement, and elegant tiled hearth wall. A 590sf outbuilding with loft space is perfect for a workshop or studio, or finish it out into additional living area. The barn doors also allow this building to be utilized as a garage! Recent updates include newly reinforced and painted deck, partially covered for year round enjoyment, fresh paint throughout the home, and improved drainage on the exterior. Driveway has been recently graded and freshly graveled as well! Whether you simply seek a quiet and private lifestyle, have a mission for permaculture, or envision a wellness retreat, this 10 acre property offers a perfect blueprint. Agent must accompany showings. AWD recommended. 35 minutes to downtown Asheville, 30 minutes to Marshall, 50 minutes to Hot Springs
Source: CANOPYMLS #4313323
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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.
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