15445 Potomac River Dr Cobb Island, MD 20625
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About this home
This waterfront 4 bedroom, 3 bathroom retreat is perfectly positioned on the Potomac River with sweeping views and unforgettable sunsets. Offered fully furnished, this home is truly move-in ready—whether you’re looking for a primary residence, a second home, or an Airbnb investment. Completely reimagined in 2022, the property was lifted to meet modern floodplain requirements and enhanced with a full remodel and addition, blending timeless coastal charm with today’s comfort and efficiency. Inside you are greeted by floor-to-ceiling water views framed by expansive windows and doors across the back of the home. The open main level features a wood-burning insert fireplace separating the kitchen and family room, a shiplap ceiling, and durable LVP flooring. The gourmet kitchen boasts all new appliances, including an 8-burner double oven gas range, while the adjacent partially covered deck with Trex flooring and hot tub invites you to relax or entertain outdoors. The layout is both functional and inviting, offering a first-floor bedroom and bath, two additional bedrooms and a spa-inspired bath upstairs, plus a stunning owner’s suite with commanding Potomac River views. Bathrooms are all new, with a soaking tub upstairs and a dual-head shower downstairs. Every bedroom is equipped with its own ductless mini-split for customized comfort and energy savings. Additional highlights include bamboo flooring upstairs, craftsman trim, a whole-house water filter, new well tank, and tankless Infinity water heater. A finished bunk room (possible 5th bedroom) above the detached workshop with its own entrance and mini-split HVAC adds versatile space for guests, hobbies, or work. The property also features a pier with a 10,000 lb boat lift, making it easy to explore the Potomac River, Wicomico River, and Neale Sound. Life on Cobb Island is as special as the home itself. This golf-cart and water-access community offers no HOA, yet the Citizens Association keeps the island lively with events like Cobb Island Day, Witches on the Water, Monarch Mania, and the Lighting of the Christmas Crab Basket Tree. Local marinas, restaurants, and the recently updated market are all just a short stroll or cart ride away. Fully furnished and turnkey, this is waterfront living at its finest and ready for you to start making memories from day one.
Source: BRIGHT #MDCH2047242
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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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