121 Asbury Pl Lexington, NC 27295
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About this home
Welcome to 121 Asbury Place! Built in 2022, this beautiful 4-bedroom, 3-bath home with loft offers over 2,350 square feet of thoughtfully designed living space on a spacious .76-acre lot in a highly sought-after Davidson County community and best of all, there’s NO HOA! Step inside and you’ll immediately notice the inviting foyer and open-concept layout that flows seamlessly into the living room and kitchen. The kitchen is a true showstopper with granite countertops, a large island, walk-in pantry, white upper and lower cabinetry, pendant lighting, and recessed LED lights. A full suite of stainless steel appliances is included: range, dishwasher, microwave, and a double-door refrigerator (to convey with acceptable offer). The top-load washer and dryer may also convey with acceptable offer. This home is filled with thoughtful upgrades and unique features. The main level includes a private bedroom with full bath (walk-in shower and pedestal sink), perfect for guests. Upstairs, you’ll find three additional bedrooms, all generously sized with their own walk-in closets, plus a versatile loft space ideal for a second living area, office, or playroom. The primary suite offers a true retreat with a walk-in shower, double rectangular vanities, and a spacious walk-in closet with direct access to the laundry room. The secondary upstairs bath features a tub/shower combo and single vanity. Outside, enjoy the two-car garage with bump-out extension for extra storage or workspace. The large lot provides ample outdoor living potential for entertaining, gardening, or simply enjoying the peace and privacy of this desirable location. This property also comes equipped with a smart home security system featuring app integration, motion detection, door and window sensors, smart lock, and real-time notifications to utilities and emergency services, offering both convenience and peace of mind. Additional highlights include: • Freshly painted interior & recent updates • Transferable 10-year structural warranty valid through 2032 • Sought-after Davidson County location on .76 acres • No HOA, enjoy the freedom to make this home truly yours Don’t miss this opportunity to own a nearly new home with modern upgrades, flexible living spaces, and a large lot in one of Davidson County’s most desirable areas. Schedule your private tour today and experience all that 121 Asbury Place has to offer!
Source: CANOPYMLS #4300008
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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.