11550 Maryland Point Rd Nanjemoy, MD 20662
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About this home
This spacious Colonial-style home sits on 4 wooded and private acres and offers over 4,000 square feet of living space. The oversized attached 4-car garage—complete with heavy-up electric, workbench, and multiple bay doors—makes this property a dream come true for hobbyists, car enthusiasts, or anyone needing serious workshop space. While the home could benefit from some updating, it is priced to reflect the condition and offers incredible potential. As you approach, you’ll be greeted by a wide covered front porch overlooking a peaceful karaoke pond—ideal for morning coffee or unwinding in the evening. Step through the double front doors into an expansive great room featuring vaulted ceilings, a floor-to-ceiling stone fireplace with pellet stove insert, recessed lighting, dual ceiling fans, custom log mantle, and abundant windows that fill the space with natural light. Hardwood floors flow throughout the main level. The main level also offers a private office with LPV flooring, recessed lights, and ceiling fan, a main-level bedroom with double closet, and a full bathroom with marble vanity and tub/shower combo. A large screened-in porch—connected to the front wraparound porch—sits off the great room and is wired for a hot tub. It’s ready for your finishing touches with new ceiling fans and screens. The kitchen area leads to a mudroom-style laundry room with extra cabinetry, laundry sink, fluorescent lighting, and newer front-load washer and dryer. The upper-level owner’s suite is generously sized and features a sitting area, massive Texas-sized walk-in closet, and a full ensuite bath. New sliding doors off the suite provide access to private balcony. Downstairs, the fully finished basement includes a spacious recreation room, additional bedroom, and full bath. The basement also offers a separate entrance via new doors and has a sump pump, a second pellet stove (not yet installed, tile and ductwork convey), and extra materials including drywall and brick pavers that are included in the sale. The oversized four-car garage includes a large two-car bay door, two single doors—one with extra clearance for trucks—and is fully equipped with shelving, a workbench, and two brand-new garage door openers ready for installation. Additional highlights include dual-zone heat pump systems, a water conditioning system, and a new well pump installed in 2024. There is also a designated forest conservation area within the 4-acre lot. The 30x18 wooden deck with pergola offers the perfect space for outdoor entertaining, with steps leading to a brick patio and former pool area—now ready for repurposing. This is a rare opportunity to own a private, spacious Colonial with serious garage space and endless potential—sold as-is and ready for your custom touches.
Source: BRIGHT #MDCH2048798
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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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