1201 Rawson Dr Albany, GA 31701
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About this home
Historic Charm Meets Modern Comfort at 1201 Rawson Drive, Albany, GA Step into a piece of Albany's history with this expansive 5-bedroom, 4.5 bathroom single-family residence, gracefully situated on a generous 0.5-acre lot at 1201 Rawson Drive, Albany, GA 31707. This thoughtfully updated 3,853 sq ft home seamlessly blends timeless character with desirable modern amenities. Nestled in a sought-after Albany neighborhood, this property exudes curb appeal and offers a unique opportunity for discerning buyers. As you enter, you'll be greeted by the distinctive charm and spaciousness that homes of this era are known for. The grand layout provides ample room for both comfortable family living and sophisticated entertaining. The heart of the home features a welcoming fireplace, perfect for cozy evenings, while the expansive interior offers multiple living and gathering spaces. The generous footprint includes four well-appointed bedrooms and an impressive six bathrooms, ensuring privacy and convenience for all. Outside, your private oasis awaits. The property boasts a refreshing pool, ideal for cooling off during warm Georgia summers, and a dedicated patio area perfect for al fresco dining, entertaining guests, or simply unwinding in a tranquil setting. The substantial 0.5-acre lot provides plenty of space for outdoor activities and landscaping opportunities. Key Features: 5 Bedrooms, 4.5 Bathrooms 3,853 Sq Ft of Living Space Sprawling 0.5 Acre Lot 2 Inviting Fireplace Private Outdoor Pool Spacious Patio Area Located at 1201 Rawson Drive, Albany, GA 31707 (Note: Public records may indicate an alternative ZIP code of 31701 for this address) This distinguished residence offers a rare combination of historic elegance, substantial living space, and desirable outdoor amenities. Don't miss the chance to own a significant piece of Albany heritage, updated for today's lifestyle. Schedule your private showing today to experience the unique allure of 1201 Rawson Drive.
Source: GAMLS #10530706
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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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