4652 Prater Way SE Smyrna, GA 30080
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About this home
Welcome to this exceptional three-sided brick residence nestled in the highly desirable Registry at Park Avenue community offering the perfect blend of luxury, comfort, and convenience. The main level greets you with a front entry porch and a grand two-story foyer. Just off the entryway, a spacious flex room with double French doors, a bay window, custom-built ins, ideal as a home office, alongside an elegant formal dining room, perfect for hosting memorable gatherings. The family room features a wall of windows that fills the space with natural light that showcases the stone fireplace surrounded by custom built in cabinets, a setting perfect for relaxation and entertainment. Connecting to the gourmet kitchen featuring granite countertops, a wrap-around bar with island seating, stainless steel appliances, gas cooktop, abundant cabinet space and a large walk-in pantry. The stunning private backyard has been transformed with numerous upgrades, including a spacious Belgard stone patio, a custom outdoor kitchen, outdoor lighting, irrigation system, privacy fencing, a retaining wall, and Belgard stone paver walkways wrap around both sides of the home, perfect for relaxing or entertaining in style. Upstairs, retreat to the oversized owner's suite with a tray ceiling and a luxurious ensuite bathroom, walk-in shower, separate tub, double vanities, and a generously sized walk-in closet. Three additional bedrooms include a guest suite with private full bath, and two bedrooms connected by a Jack and Jill bathroom. Large laundry room with built-in cabinetry. Other features include a brand-new roof and freshly painted exterior. Located on a quiet cul-de-sac with an Olympic-size community swimming pool. This prime location is conveniently located minutes to I-285, I-20 and I-75, The Battery and Truist Park, shopping, dining, the Silver Comet Trail with easy access to Downtown, Buckhead, and Hartsfield-Jackson Airport.
Source: GAMLS #10543869
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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.