4765 Arco Ln North Charleston, SC 29418
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About this home
Experience lakefront living in the heart of North Charleston with this beautifully designed townhouse overlooking a serene, spring-fed lake. Offered fully furnished--including linens--this turnkey home is ready for you to move right in or for an investor to immediately begin generating rental income.Start your mornings with coffee on the private deck just off the living room or unwind on the master bedroom balcony, both offering peaceful water views. Enjoy fishing, kayaking, or hosting a cookout at the community dock, just steps from your door.The main level features an open-concept layout that flows effortlessly to a lakeside deck--ideal for entertaining or relaxing in the evening shade after a sunny Charleston day. The cozy kitchen is equipped with abundant 42'' cabinetry,generous counter space, and a seamless connection to the dining and living areas. Upstairs, the spacious master suite includes sliding glass doors leading to a private balcony with breathtaking lake and sunset views. The second bedroom offers its own private bathroom for added comfort. On the third floor, you'll find finished space that's perfect for a home office, media room, or a spacious guest suite. This unbeatable location offers quick access to all areas of Charlestonjust 1/4 mile to I-26, 3/4 mile to I-526, and only 8 minutes to the airport. You're also within walking distance of the Tanger Outlets, the Charleston Convention Center, and the future World Trade Center. The home includes two reserved parking spaces with additional visitor parking nearby. Plus, the HOA allows you to add your own private dockmaking this a truly special lakefront opportunity. Whether you're looking for a fully furnished primary residence where every day feels like a retreat, or an income-producing investment property in a prime location, this home offers the best of both worlds.
Source: CTAR #25026256
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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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