407 E 3rd St Rome, GA 30161
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About this home
After more than a decade of thoughtful renovation, this locally admired craftsman home in the heart of downtown is finally complete-and more stunning than ever. Every inch of this one-of-a-kind property, both inside and out, is rich with custom details, professional landscaping, and historic charm, seamlessly blended with modern luxury. The newly completed two-level primary suite is nothing short of extraordinary. Spanning the entire third floor and half of the second, it features a marble-clad full bath, sitting room, office, bedroom and sitting area under a massive skylight (perfect for stargazing), an additional half bath, and two private outdoor living spaces: a covered front porch and a serene back deck with treetop views. The MAIN LEVEL welcomes with a spacious front porch, original 24-pane windows, coffered ceilings, and a warm brick fireplace. The open living and dining areas flow into a dining room and fully custom kitchen. The kitchen has hand-built cabinetry, stone countertops, stainless appliances, and tons of storage. A guest bedroom and full bath-complete with a tile shower and stone vessel sink-round out the space. UPSTAIRS, in addition to the primary suite, you'll find another beautifully appointed bedroom, a custom-tiled full bath with a clawfoot tub, and a flexible wet bar space that could easily become a fifth bedroom. OUTSIDE, the professionally landscaped backyard is a private oasis, with tiered gardens, multiple sitting areas, and an expansive deck offering a rare view of Rome's iconic Clocktower. DOWNSTAIRS, don't miss the fully separate basement apartment-perfect for guests or rental income-featuring a living area, kitchenette, bedroom space, and full bath with custom tile shower. Homes like this don't come along often-this is your chance to own a piece of local history, finally brought to life.
Source: GAMLS #10524905
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.