16520 Church St Amelia Court House, VA 23002
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About this home
Welcome to Amelia’s beloved “Potts House.” Built in 1924, this stately brick Colonial sits on over 1.5 acres of manicured grounds and offers over 6,300 sq ft in the MAIN HOUSE of beautifully preserved and thoughtfully updated living space across 3 levels. Plus a 660 sq ft APARTMENT/GUEST HOUSE/STUDIO of additional living space. This home is full of historic character but with today's modern comfort. The main house features 4 spacious bedrooms and 3 full baths, with intricate moldings, trim work, and hardwood floors throughout. A grand foyer welcomes you with dual closets and a stunning curved staircase. Formal living and dining rooms offer perfect spaces for entertaining, while cozier family areas provide everyday comfort. The updated kitchen is a delight with leathered Carrara marble counters and backsplash, gas cooktop, wall oven, custom cabinetry, and a large island. Just off the kitchen, a butler’s pantry showcases the home’s original cabinetry, soapstone counters, and wet bar. One of the highlights of the home is the brick-walled morning room, drenched in natural light with views of the lush backyard and hardscaping. The home also features a family room/office with it's own entrance. All bathrooms have been fully updated with custom tile work and high-end finishes. The English basement is heated/cooled and includes a full bath, multiple storage area, and flex spaces ideal for a gym, craft area, game room, workshop, etc. Outside, enjoy your own private oasis—featuring over 45 varieties of perennials in a park-like setting. Relax or host guests on the 30x18 covered veranda, surrounded by mature landscaping and peaceful views. Additional features include a finished 3-car detached garage with a 660 sq ft apartment above, plus a separate 1-car garage for extra storage or workshop space. The property includes many updated systems including a newer 25K Whole House Generator A true blend of historic character and modern comforts—this remarkable estate is one of Amelia’s most iconic homes.
Source: CENTRALVIRGINIA #2516830
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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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