309 Buccaneer Rd Wilmington, NC 28409
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About this home
Welcome to 309 Buccaneer Road in the sought-after waterfront community of Pirate Cove, where coastal charm meets modern comfort in central Wilmington; a little mid-century flair with some modern conveniences and updates. Perfectly situated on just under half an acre and within the highly regarded Hoggard School District, this well maintained home offers 3 bedrooms plus an office or optional 4th bedroom, 2.5 baths, and over 2,000 sq/ft of living space. Enjoy a welcoming covered rocking-chair front porch, living areas adorned with solid wood doors, wainscoting, hardwood stairs, and hardwood/tile flooring. The updated kitchen features quartz countertops, a butcher block island, stainless steel appliances, and a wealth of storage, flowing seamlessly into large dining and living spaces designed for everyday comfort and entertaining. Step outside to your private backyard oasis, complete with a sparkling in-ground saltwater pool, outdoor kitchen/BBQ, covered patio, appealing hardscape, and a cool-modern wood fence that enhances both beauty and function. A 12' x 24' concrete storage building and chicken coop add charm and practicality to the property, while the new roof (with a Golden Pledge Transferrable Warranty), 2014 and 2017 HVAC systems, and pre-listing home inspection provide peace of mind for the next owners. The nearly half-acre lot offers mature landscaping and plenty of space to relax, garden, or play, creating the perfect setting for year-round coastal living. For the no HOA crowd, this could be the one; no HOA here (CCnRs only). Located just minutes from Wrightsville Beach, Mayfaire Town Center, shopping, restaurants, and medical facilities, this home combines convenience, quality, and lifestyle in one exceptional package. Whether you're enjoying evenings by the pool, mornings on the porch, or gatherings under the covered patio for a cookout, 309 Buccaneer Road offers the best of Wilmington's coastal lifestyle—style, character, space, and serenity all in one.
Source: NORTHCAROLINAREGIONAL #100540013
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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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