18801 Nautical Dr Apt 105 Unit 105 Cornelius, NC 28031
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About this home
Price Reduced! Discover the best of Lake Norman living in this beautifully updated 2BR/2BA condo, located in the highly desirable Admiral’s Quarters community. This inviting residence combines modern updates with timeless features, creating a home that is both stylish and comfortable. Step inside to find a bright, open floor plan with newly installed LVP flooring that flows throughout the main living spaces. The kitchen offers granite countertops, stainless steel appliances, ample cabinetry, and a convenient pass-through to the dining and living areas—making it easy to entertain or enjoy a quiet meal at home. The spacious great room centers around a stone fireplace with gas logs and a ceiling fan, and extends seamlessly to the covered patio. With direct outdoor access, this space is ideal for enjoying morning coffee, unwinding after a day on the lake, or hosting friends for an evening gathering. The primary suite is a private retreat, complete with a walk-in closet, patio access, and a full bath. The secondary bedroom also features a walk-in closet, offering flexibility for guests, family, or even a home office. With thoughtful details throughout and new windows, sliders, and exterior siding, this condo delivers peace of mind as well as modern appeal. Recent HOA-led exterior improvements add even more value. Admiral’s Quarters is known for its resort-style amenities that make every day feel like a vacation. Residents enjoy access to a clubhouse, swimming pool, fitness center, tennis courts, walking trails, a kayak launch, gazebo, playground, and even a pond with boardwalk—all within a beautifully maintained lakeside setting. Whether you’re seeking a permanent residence or a weekend escape, this community offers the perfect balance of relaxation and activity. Location is everything, and this property shines. Stroll to Port City Club for dinner by the water or explore nearby destinations, including Birkdale Village, Jetton Park, and Blythe Landing. With easy access to shopping, dining, and entertainment, as well as quick routes to Charlotte and surrounding areas, you’ll enjoy both the charm of lake living and the convenience of city access. Living here means more than just owning a home—it’s about embracing the lifestyle. Spend weekends on the water, explore nearby parks and trails, or relax with breathtaking views of Lake Norman. Enjoy evenings dining lakeside, mornings walking the community paths, and the ability to choose a slower pace of life without sacrificing proximity to the Charlotte metro. This is the opportunity to own not just a home, but a lifestyle in one of Lake Norman’s most sought-after communities.
Source: CANOPYMLS #4292985
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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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