2101 East Dr Decatur, GA 30032
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About this home
EXCELLENT INVESTOR Opportunity and PRIME ATLANTA Location! - Conveniently located just minutes from The HISTORICAL EAST LAKE GOLF COURSE and COUNTRY CLUB in which Tiger Woods won 2 PGA Tours. The Home is Convenient to Oakhurst, Grant Park, East Atlanta, The Upcoming Lulah Hills Development, Downtown Decatur and Downtown Atlanta. WALK TO NH SCOTT PARK (PLAYGROUND, TENNIS, TRAILS) and it is an EASY commute to Atlanta International AIRPORT ~Welcome to this 4- SIDED BRICK home dating back to the 1950's! Enjoy this VINTAGE RANCH Home with 4 SPACIOUS BEDROOMS. This cozy gem offers tremendous potential for an investor or buyer looking to own a piece of Atlanta History. Classic HARDWOOD FLOORS that show their history and may be renewed to their TIMELESS BEAUTY! With your finishing touches, this property can be transformed into a STUNNING MODERN RESIDENCE. The home features a SEPARATE DINING Room and FAMILY ROOM. The Kitchen has been updated over the years to WHITE CABINETRY and a GAS STOVE creating a WARM and INVITING atmosphere. The home sits on an LARGE CRAWL SPACE and an EXPANSIVE BACKYARD. Located in an established community with NO HOA. It provides ample space and flexibility for a future BUILD- OUT or UP- perfect for adding additional bedrooms or bathrooms, guest suite, entertainment area, adding an ADU or simply a rental unit or AIRBNB. With its historical location and multi-use potential, this property presents an excellent opportunity to increase in value throughout the years! Don't miss out on this one to add to your portfolio!
Source: GAMLS #10637882
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.