239 Henry Bayless Rd Ardmore, TN 38449
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About this home
Welcome to your dream mini-farm, where comfort meets capability! This charming brick home sits on over 5 fenced acres, perfectly set up for your livestock with rotational grazing paddocks and reliable infrastructure. Home & Efficiency The main residence is a sturdy brick home offering a fantastic floor plan. Stay comfortable year-round with a new (2022) Gree HVAC system, prioritizing energy efficiency. For cozy winter nights, you have the option of two beautiful cast iron wood stoves—one on the main level and one in the finished basement—adding warmth and character. Off the kitchen, a tiled Florida room provides a sunny space to relax and enjoy the views of your land. Finished Basement The full, finished basement offers incredible versatility and extra living space. It's already plumbed and wired for a potential kitchenette and a half bath, making it ideal for an in-law suite, extended guest quarters, or a dedicated hobby/craft room. With ample room for a rec room and dedicated storage, the possibilities are endless! Farmer's Dream Infrastructure This property is meticulously set up for animal husbandry: Secure Fencing: The entire acreage is secured with quality sheep & goat/field fencing and a solar hotwire system. Automatic Waterers: Maintaining livestock is a breeze with automatic waterers installed in two large pastures, one on each side of the house, ensuring your animals always have fresh water. Hay Storage: A vinyl-covered Farm Tek hay barn provides protected, dry storage for feed. Ultimate Workshop Car enthusiasts, contractors, or serious hobbyists will love the huge 50' x 30' detached shop/garage. This building is insulated and fully wired, providing a perfect workspace, secure storage, or a massive garage. A new property survey completed in June 2025 ensures clear boundaries for your investment. This property offers a rare combination of comfortable living and turn-key functionality.
Source: REALTRACS #3007491
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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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