1279 Colony Pl Marietta, GA 30068
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About this home
GREAT NEW PRICE!!Escape the hustle and bustle of East Cobb nestled in your own private wooded retreat located at the end of a cul de sac. This very spacious 4 bedroom 3.5 bath home located in East Cobb's coveted trifecta of schools is now available for immediate occupancy. Spacious Eat in Kitchen has been renovated with up to date style and large island topped with all stone counters, deep sink, modern faucet, stainless steel appliances and range hood all top hardwood flooring. Incredible great room with vaulted ceilings floor to ceiling fireplace and abundant windows and skylights contribute to the open and airy contemporary feel. Hard to find primary ensuite on main level includes fireplace, hard woods and plenty of room for separate seating area surrounding the fireplace. Primary bath has a complete renovation with deep soaking tub separate tiled shower and dual vanities. Head upstairs where you find 2 generous sized bedrooms connected by shared bath in addition to a versatile windowed loft area on the opposite end of the 2nd floor. The terrace level continues with generous rooms and has a great family room and 3rd fireplace and wet bar too.Loads of space for all the your recreation fun. Additional 4th bedroom with adjacent full bath provides multiple options for use such as a home office, gym or guest room. Multiple access across 2 levels of the home to wrap around decking provides wonderful views of your large private lot and also provides plenty of space for entertaining. Newer roof, HVAC and water heater are just a few recent improvements. Home has just been refreshed with paint and all newly installed carpet. Driveway Retaining wall replaced just this month Garage has been outfitted for EV charging. Rentals allowed making this a great property for investors. Make your move and enjoy the full amenities the community provides for the whole family! Private: All showings via showing time. Agents there is plentiful parking and turnaround space on driveway by side entry garage area.Survey is included in documents as courtesy and buyers should not rely on this document; seller is not responsible for the contents and buyers should conduct their own survey for factual documentation.Closing attorney to be Nomiki Klonaris at Weissman East Cobb. Thank you for your showing! Agents home is currently under going additional repairs to address recent inspection report providing piece of mind for your buyer. Thank your for showing.
Source: GAMLS #10543144
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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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