120 Autumn Mist Rd Statesville, NC 28677
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About this home
List price of $1 is intentional. Sellers have chosen a market-driven pricing strategy. Welcome to 120 Autumn Mist Road, a thoughtfully designed ranch with a full walk-out basement in the desirable Autumn Brook community. Built in 2018, this home offers both immediate comfort and future flexibility. With over 2,500 square feet of finished living space on the main level plus more than 2,500 additional square feet of unfinished basement space, this property combines move-in readiness with room to grow. The main level features an open-concept layout designed for everyday living and entertaining. A central kitchen includes a large island with seating, gas range, stainless appliances, and ample cabinet storage. The kitchen flows into the dining area and living room, where a gas-log fireplace and oversized windows add warmth and natural light. A breakfast area off the kitchen provides additional dining space. The primary suite is located on the main level and offers dual vanities, a walk-in closet, and a private bath. Two additional bedrooms and two full baths provide flexibility for guests, family members, or a home office. A dedicated laundry room adds convenience. One of the standout features is the unfinished walk-out basement. With generous ceiling heights, natural light, and existing plumbing access, this space provides opportunities for future expansion such as a recreation room, home theater, gym, or additional bedrooms. The basement opens to the backyard, creating easy access to outdoor living. The property includes a two-car attached garage, a concrete driveway, and a 0.57-acre lot that provides usable yard space. The backyard is open and versatile, with plenty of room for play, pets, or outdoor entertaining. Additional features include single-level living with all primary spaces on the main floor, energy-efficient construction with natural gas heating and central air, a durable fiber cement and stone veneer exterior, and a gas fireplace in the living room. The home is served by public water with a septic system that is managed through bi-annual inspections included with HOA dues. A covered front entry adds curb appeal, and the rear of the home offers potential for expanded outdoor living. Autumn Brook is located just minutes from Troutman, Statesville, and the Lake Norman area. Major highways including I-77 and I-40 are nearby, offering convenient access to regional amenities while still providing a peaceful residential setting. This property offers the rare combination of move-in readiness with significant future potential. The finished square footage provides comfortable daily living, while the expansive unfinished basement presents an opportunity for customization to suit a variety of needs. Schedule a showing to experience the home’s layout, neighborhood setting, and potential in person.
Source: CANOPYMLS #4259210
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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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