2076 Dynasty Ridge Rd Martinsville, IN 46151
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About this home
The sellers call it "Paradise" and it's easy to see why. From sunrise to sunset, this stunning estate captures the essence of resort-style living. Set on 8.09 private acres in Dynasty-with no HOA or restrictive covenants-offers rare freedom & privacy. The sale also includes a Painted Hills lake lot (MLS#22068989), giving you full access to Painted Hills' resort-style amenities: 2 private lakes for boating and fishing, clubhouse, restaurant & bar, pool, tennis/pickleball, playground, dog park, & a packed calendar of live music & year-round events. Over 10,000 SF, this home was designed for entertaining & multigenerational living. Featuring 7 bedrooms/4.5 baths, including 3 primary suites & a private in-law suite with its own entrance-perfect for extended family, guests, or potential income as an Airbnb or bed & breakfast. The home also includes a 50x33 four-bay heated garage, a gourmet kitchen, and massive windows framing panoramic views. Updates include -new roof, brand-new carpet, and 3 geothermal HVAC units-ensure comfort & efficiency. Multiple decks invite you to relax or entertain outdoors. The finished, insulated 40x60 barn adds even more flexibility for gatherings, hobbies, or a home-based business. Hop on your ATV or golf cart & explore the world-class Cedar Creek Winery & Distillery, enjoy dinner & live entertainment at the clubhouse, or stroll through local farmers markets. Everything you need to live, play, & unwind is right here. Whether you envision a luxury family retreat, multigenerational estate, or business opportunity as a bed & breakfast or Airbnb, this one-of-a-kind property offers privacy, natural beauty, a true lifestyle experience-all just minutes from I-69 and a short drive to Greenwood, Bloomington, Indpls. Current owner has been approved for a home-based business(buyer to verify any future business use). Families may choose between Martinsville or Indian Creek Schools. MLS #22067685 (3.15 acres) can be purchased with this sale or separately.
Source: MIBOR #22064722
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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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