3061 Peachtree Dr NE Atlanta, GA 30305
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About this home
Welcome to Buckhead's highly Coveted Peachtree Park! In the heart of Buckhead, yet tucked away, the neighborhood features rosy, tree lined sidewalks and gardens spilling out of yards from both historical 1920-1940's homes, as well as $2-3m new builds or renovated originals! Designed and built in 1930, this home is iconic as it was an original home designed by an iconic Atlanta architect/builders Neel Reid! Set back far from the curb, this oversized level almost 1/2 acre lot features a home that is Four sided brick, boasting a private backyard that is invisible to the streets. The 3-bedroom, 2.5-bathroom masterpiece is timeless and well maintained, highlighting some of its original features, such as the gorgeous hardwood floors, stately floor to ceiling windows, and more. Add in the fabulous multi tiered party decks off the back, gardens, water features, pool with cabanas, and private spa off the primary bedroom- it's a true oasis! The bonus/sun room with its massive windows pours in natural light all day long and is an entertainer's dream, allowing you to seamlessly flow your party to the backyard. Backyard is fully privacy fenced in and features mature landscaping in a level, oversized corner lot! All new roof, systems, and offering a two car garage, the home itself has curb appeal but the lot alone is a stunner! What's super unique about this property is the unprecedented oversized corner lot! Almost 1/2 an acre, this is a level, true corner lot with a super private backyard, guarded by fence and mature landscaping. When home, it's almost as if it's your own private oasis tucked away in the city! You'll be awed by the neighborhood and it's convenient proximity to everything! Nature trails, a playground and community garden, and all just situated blocks away from Buckhead’s finest shopping, dining, and award winning schools and private schools. This is an amazing opportunity to own a piece of Atlanta history and enjoy the move-in ready, one level living historical home built by an icon, or expand the property into the home of your dreams!
Source: FMLS #7656311
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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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