292 Old Rosser Rd Stone Mountain, GA 30087
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About this home
Beautifully updated 4-bedroom, 3-bath home in the sought-after Smoke Rise community, located on the Gwinnett–Lilburn side of Stone Mountain and zoned for the award-winning Parkview High School district. Resting on over one acre of level, lush grounds, this move-in ready residence offers privacy, generous space (3,398 sq ft), and a large lot set back from the street. The main level includes a guest/in-law suite with a full bath—ideal for visitors, multigenerational living, or flexible use. Hardwood floors span the top two levels, adding warmth and timeless character throughout. A newly built oversized deck overlooks the private, tree-lined backyard, perfect for entertaining or relaxing in quiet comfort. The expansive yard also offers potential to add an ADU or tiny home for additional living space or a private retreat. The terrace-level basement space enhances the home’s versatility and is ready to function as a media room, home office, fitness studio, or additional bedrooms. It's also prepped to accommodate another bathroom, allowing future customization to suit your needs. Unlike many flip properties, updates were thoughtfully completed by the current owners while living in the home, ensuring lasting quality and attention to detail. The exterior has been carefully maintained, blending classic architecture with modern improvements. This address is zoned for the highly desirable Parkview school cluster—Camp Creek Elementary (featuring a Dual Language Immersion Program), Trickum Middle, and Parkview High School, one of Gwinnett County’s top-performing schools. Enjoy all the benefits of an established, close-knit neighborhood with no mandatory HOA—while optional memberships for swim/tennis at The Summit or golf at Smoke Rise Country Club are available nearby for those who want added amenities. With convenient access to Emory University, the CDC, and major Atlanta corridors, this home provides a perfect balance of suburban tranquility and city connectivity. 292 Old Rosser Road is more than a residence—it’s a rare opportunity offering flexibility, space, equity, and long-term value in one of Gwinnett County’s most desirable school districts.
Source: FMLS #7658147
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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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