279 Canterwood Rd Irmo, SC 29063
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About this home
279 Canterwood Road is located in Ascot Estates, the most prestigious section of Irmo’s Ascot neighborhood. This custom-built 5-BR, 4.5-bath w/office & plenty of flex space & storage sits on a private 1-acre lot. Located in a tucked-away low-traffic section of Ascot Estates & surrounded by stunning estates all on large lots, this property holds its own. 2 elegant, gas-lit lanterns flank the front entry, adding to the curb appeal & welcoming you home. Inside, the two-story foyer opens to a formal dining room & a home office. The entry leads you to the heart of the home, a thoughtfully designed kitchen. It features a wall of windows bringing the outside in, a large island, extensive counter & cabinet space, & top-of-the-line appliances - dual refrigerator/freezer, dual ovens, a 5-burner gas range w/a pot filler, a warming drawer & ice maker. The kitchen flows into a two-story family room w/dual fans & a gas fireplace. From here, a convenient staircase provides easy access to the 2nd floor. Designed for privacy, the owner’s suite is tucked quietly away on the main level opposite the entertaining spaces. This suite features a fireplace & a bathroom renovated in 2024 w/a huge walk-in shower, a 6-foot jetted tub, dual vanities, & a large walk-in closet w/built-ins. For added convenience, the main staircase can be found off the foyer near the owner’s suite, providing easy access to the 2nd floor. The upstairs layout provides family & guests w/the same privacy & comfort you'll find on the main level. All 4 BRs are spacious w/large closets. The 2nd & 3rd BRs share a Jack-&-Jill bath, while the 4th has easy access to a full bath in the hall. The 5th BR has access to a third full bath on this level. Around the corner from the 5th bedroom, you'll find a versatile bonus room. It's made up of 2 separate, connected rooms, one w/a closet making it perfect for a 6th BR, playroom or theater. Also includes 3-car garage & additional conditioned room or storage space that would be perfect for a wine room. Additional updates - full crawl space encapsulation, a new roof in 2024 & 2 new HVACs in 2023. Lex/Rich 5 - Dutch Fork High School. *Ask about possible 2K in lender credits. Discla
Source: COLUMBIASC #616673
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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.
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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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