3109 Stokers Ln Nashville, TN 37218
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About this home
Location, Land & Lifestyle – Rare Nashville Estate Opportunity! LOCATION, LOCATION, LOCATION! Whether you're a builder looking for developable land or a homebuyer dreaming of a spacious estate in the heart of Nashville, this property checks every box. Nestled on 1.01 acres of prime, buildable land, this all-brick estate offers the rare combination of country-style living with city convenience and best of all, no HOA. Situated just minutes from downtown Nashville, Germantown, The Nations, Farmer’s Market, Opryland, and major interstates, the home’s location is second to none. The area is rapidly developing, with several new projects underway, making this property not just a home, but a smart investment in one of the city's most vibrant growth corridors.The home itself is designed for comfort and flexibility. It features four spacious bedrooms, two and a half bathrooms, a dedicated home office, and a versatile flex room perfect for a gym, hobby space, or guest area. The open-concept living area and kitchen create a welcoming and modern atmosphere, ideal for everyday living and entertaining. A sizeable media room provides the perfect space for movie nights, gaming, or hosting friends and family.Thoughtful touches like oversized closets, a full laundry room, and plenty of storage make daily life more convenient. Outdoor spaces include a charming covered front porch and an expansive back patio with a built-in fireplace great for relaxing or entertaining in your private backyard. A three-car detached garage and an extended driveway offer ample parking for vehicles, guests, or recreational equipment.This neighborhood provides easy access to essential amenities including a local grocery store, community center, park, scenic walking trail, and public library blending peaceful living with urban convenience. ZONED R10, property offers excellent development potential. Buyers may have the opportunity to subdivide and build multiple homes.
Source: REALTRACS #2890820
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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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