133 Cedar Cove Trl Gilbert, SC 29054
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About this home
Your Private Lake Murray Everyday Living Retreat! Discover lakeside living at its finest in this spacious 3-bedroom, 2.5-bath all-brick home, perfectly situated on 1.46 private acres with 266 feet of water frontage. Nestled in a quiet cove, this property offers year-round water, breathtaking sunsets, abundant wildlife, and endless opportunities for relaxation and recreation. Outdoor Features: Private dock, with electricity & running water, Sandy beach area for swimming & lounging, 24x36 heated/cooled Rec room / workshop with kitchenette, half bath & covered porch, 24x30 boat carport for lake toys, Jungle gym/playhouse for kids, Spacious yard with room to entertain and enjoy the outdoors. Home Interior Highlights: Hardwood floors & heavy molding throughout main level, Bright eat-in kitchen with bay window, Granite countertops & coffee bar, Separate dining area, Family room with brick fireplace & French doors opening to screened porch and deck, Owners suite with private bath plus two additional bedrooms upstairs, FROG offers office or flex space for privacy, Two-car garage with utility sink, water softener & reverse osmosis system. HOA includes access to a community boat ramp & common area. Just minutes from Lake Murray’s islands and lakeside dining. Close to town yet tucked away for peace & privacy surrounded by eagles, osprey, and deer in a welcoming neighborhood. This rare Lake Murray property combines comfort, functionality, and resort-style living—perfect for entertaining, family fun, or simply unwinding in your own private waterfront retreat. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #617977
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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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