1288 Old Colony Rd Mount Pleasant, SC 29464
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About this home
Nestled within an established neighborhood's quiet embrace, this inviting residence commands its 0.34-acre canvas with graceful presence. The 2,050 square foot home unfolds across three bedrooms and three full bathrooms, while a flexible den transforms according to your vision--media sanctuary, productive office, or private reading retreat. Natural light illuminates the open living and kitchen areas, where daily rhythms flow seamlessly into entertaining moments. This home features upgraded kitchen cabinets and counters along with extensive floor remodeling for an elegant and updated feel.Step beyond interior walls onto the expansive Trex deck where outdoor living reaches new heights.The built-in grilling station anchors culinary adventures while the retractable sunshade adjusts to afternoon angles, creating perfect dining conditions regardless of weather whims. Sunny gatherings extend well into evening hours as friends linger over conversations and shared meals in the thoughtfully designed entertainment space adjacent the main living area, complete with a wet bar. The remarkable 740 square foot insulated metal building with dedicated HVAC system redefines property potential. Workshop projects, artistic studios, or climate-controlled storage, this substantial structure adapts to ambitious plans while the additional shed handles everyday overflow. Paid off solar panels crown the property, reducing utility burdens through sustainable energy capture, while ample parking accommodates multiple vehicles or boats without HOA restrictions constraining your choices. Prime location delivers Lowcountry access within minutes. Shem Creek's waterfront dining beckons alongside Sullivan's Island's pristine beaches, while nearby shopping and restaurants provide daily conveniences. This rare combination of space, location, and adaptability creates opportunities for growth, creativity, and comfortable living where established charm meets contemporary possibilities.
Source: CTAR #25026390
Loan details
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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.