1295 Covenant Cove Ln Bath Springs, TN 38311
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About this home
Discover the art of Tennessee River living at 1295 Covenant Cove Lane, an elevated river-view estate designed for those who value space, serenity, and sophistication. Located in a secluded gated community with panoramic river views, this nearly 3,000 sq. ft. home sits on just over an acre of prime property, only a five-minute walk to the private community boat ramp, five minutes to Riverstone Marina, and 15 minutes to Clifton Marina. You’re also just a short drive from Ross Creek Landing Golf Course, a Jack Nicklaus Signature Design, and Hassell Field Airport (M29), offering private aviation access minutes from your doorstep. Originally a 2,600 sq. ft. home, the residence has been thoughtfully expanded and partially renovated to include four bedrooms, three baths, an office, and a butler’s pantry. The open-concept layout features floor-to-ceiling windows that frame sweeping views of the Tennessee River and flood the interior with natural light. The living room centers around a custom fireplace, and the kitchen layout is designed to accommodate a 4x8 island, propane range with pot filler, and full-size refrigerator — perfect for both everyday comfort and entertaining. The project has been fully dried in and is ready for your custom finish selections. Outside, enjoy your own private retreat: an in-ground chlorine pool with lighting, an expansive brand new back deck overlooking the river, and a U-shaped driveway with a connected two-car garage — ideal for hosting friends and family. Utilities include city water, fiber internet, electric, propane, and septic, ensuring a modern and connected lifestyle without sacrificing privacy. Whether you’re envisioning a primary residence, vacation home, or investment retreat, this property offers the rare combination of gated exclusivity, waterfront proximity, golf access, and aviation convenience — all in one of Middle Tennessee’s most scenic riverfront communities.
Source: REALTRACS #3017373
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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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