188 Westwood Dr Mount Gilead, NC 27306
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About this home
Rare Find in Gated Woodrun: Lake Tillery Access Home with Ultimate Workshop & RV Storage! Welcome to your serene retreat nestled in the highly coveted, gated community of Woodrun on Lake Tillery. This cozy 3-bedroom, 2-bathroom home is perfectly situated on a peaceful cul-de-sac, offering both tranquility and privacy on a generous .756-acre lot. Residents here enjoy a privileged lifestyle with full access to unparalleled lakefront amenities. The home itself presents a seamless blend of comfort and modern updates. Step inside to find sophisticated porcelain tile flooring flowing throughout the main living areas, creating a clean, contemporary feel. The kitchen is a true highlight, featuring sleek quartz countertops and convenient under-cabinet lighting. The primary bathroom has been thoughtfully refreshed to include a spacious, updated walk-in tiled shower. Essential systems are robust and recent, offering immediate peace of mind: the HVAC system is just 3 years old and a brand-new hot water heater was installed in 2025. Exterior maintenance is simplified by oversized gutters equipped with leaf guards, and the owned propane tank fuels the cozy gas logs inside. Unwind or entertain on the large covered deck overlooking the expansive, private yard. This property is a dream come true for the hobbyist, mechanic, or collector, featuring a massive 23' x 28' workshop that includes two large 10' x 7' bay doors, electricity, plumbing, and a wood stove. Storage abounds with an additional 11' x 29' lean-to off the shop, a separate storage shed with its own lean-to, and—the highlight for outdoor enthusiasts—a dedicated 14' tall by 30' long camper carport, providing protected storage for your RV or boat. Parking is plentiful with a substantial concrete driveway complemented by a secondary gravel parking area. Beyond your private haven, the Woodrun community offers an incredible recreational lifestyle. As a resident, you gain exclusive access to the lakefront clubhouse, a private boat ramp, and a stunning waterfront pool. This is more than a home; it is a meticulously maintained property that grants you immediate entry into the desirable, amenity-rich Lake Tillery community. Don't miss this exceptional opportunity for luxury, leisure, and supreme storage!
Source: CANOPYMLS #4295187
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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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