12434 New Market Mill Rd Beaverdam, VA 23015
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About this home
*PRICE IMPROVEMENT*Nestled on a serene 3-acre partially wooded lot, this impressive 5-bedroom, 3.5-bath residence offers over 3,500 finished square feet of thoughtfully designed living space, perfectly blending comfort, style, and versatility. From the paved driveway to the charming gazebo and abundance of outdoor amenities, every inch of this property has been crafted with both everyday living and entertaining in mind. A welcoming entrance framed by mature trees sets the tone as you arrive, leading to a spacious 2-car attached garage. Step inside to find gleaming hardwood floors flowing through the main living areas, warm tile in the kitchen and baths, and plush carpet in the bedrooms for a cozy retreat. The heart of the home is the gourmet kitchen—a chef’s delight with quartz countertops, subway tile backsplash, stainless steel appliances, abundant cabinetry, and a functional layout. Just beyond, a sun-drenched sunroom with built-in cabinetry invites you to linger over morning coffee while taking in peaceful backyard views. A formal dining room is ready for memorable gatherings, while the main-level den/office provides the perfect space for working from home or unwinding with a favorite book. One of this home’s most versatile features is the expansive main-level in-law suite with its own private entrance to the backyard. This inviting space boasts a living room with a pellet stove fireplace, a dining area, and a generous primary bedroom with walk-in closet. The en suite bath is a spa-inspired retreat with double vanities, a jacuzzi soaking tub, and a separate shower—ideal for relaxation and privacy. Upstairs, three additional bedrooms share a full bath and easy access to the laundry room. A second primary en suite offers its own walk-in closet, double vanity bath with a tub/shower combo, and an adjoining oversized bonus room—perfect for a media space, craft room, gym, or storage. Outdoor living is simply exceptional. The fully fenced rear yard is an entertainer’s dream with a spacious patio and a gazebo equipped with water and electric, ideal for outdoor dining or quiet evenings under the stars. Two sheds, one of which has electric, a 50-amp RV hookup, chicken coops, a greenhouse, multiple powered and watered stations throughout the property, and a firepit create endless opportunities for hobbies, gardening, and gatherings. Additional highlights include a carbon neutralizer and water softener (2022), a new roof, gutters, and downspouts (2020), and efficient three-zone heating and air for year-round comfort. Whether you’re seeking a multi-generational home, a hobby farm, or simply a peaceful retreat with modern conveniences, this property delivers an unparalleled combination of space, functionality, and charm.
Source: BRIGHT #VAHA2001052
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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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