4806 Seterra Bnd Durham, NC 27712
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About this home
Serene Cape Cod Retreat in North Durham - Private, Wooded, and Move-In Ready! Welcome to your peaceful escape in the heart of North Durham! Nestled on a lush and wooded 0.81-acre lot, this charming brick Cape Cod offers the perfect blend of privacy, comfort, and modern updates. Step inside to discover a beautifully maintained home featuring updated bathrooms on the main floor, new dishwasher, and a cozy, functional layout ideal for both daily living and entertaining. Huge unfinished walk-up attic measuring 23.5 x 58.7. Imagine the possibilities! Enjoy the convenience of a basement with garage, workshop area and bonus space. Relax year-round in the screened porch overlooking the tranquil, fenced backyard. This home comes with major upgrades for peace of mind, including a new roof (2024), newer HVAC on the main floor (2020), whole-house Aquasana water filtration system, Rinnai tankless water heater, and a French drain system for optimal drainage. The natural gas heater in the garage keeps your workspace comfortable even in cooler months. You'll appreciate the flexibility of both a garage and a carport, along with new exterior doors (front, garage, and basement) that add both curb appeal and functionality. Tucked away in a quiet, wooded setting, yet still conveniently close to the amenities of Durham, this home offers the best of both worlds—serene, private living with thoughtful updates throughout. Don't miss this rare North Durham gem—schedule your showing today!
Source: TRIANGLEMLS #10125511
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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.