514 Covington St Jackson, GA 30233
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About this home
MOTIVATED SELLER!! POTENTIAL FOR RESIDENTIAL PROFESSIONAL ZONING WITHIN CITY LIMITS (B&B, Doctors Office, Veterinary Office). Step into timeless Victorian grandeur with this extraordinary 1890 Southern estate located just steps from Jackson's historic downtown-famously featured in Stranger Things. From its meticulously restored exterior to its breathtaking 12-foot ceilings, this 6-bedroom, 4-bath home is a rare blend of historic detail and modern comfort. The entrance sets a stately tone, with a wraparound porch framed by ornate woodwork and original millwork. Inside, you're welcomed by an 8'8" x 33' grand foyer featuring crystal chandeliers, custom molding, and a striking staircase that feels lifted from another era. Every room that follows reflects the same architectural richness. With more than 5,100 square feet of living space, the layout is ideal for elegant entertaining and everyday living. Gather in the formal living room, host dinners in the opulent dining room beneath a glittering chandelier, or unwind in the game room complete with stained glass detail and fireplace charm. A family living room and family dining area offer cozy spaces to relax, all tied together by rich hardwood floors and expansive windows. The kitchen is warm and functional with easy access to a 10' x 14' pantry, and the flow between spaces allows flexibility for both intimate living and large gatherings. There are two primary suites-one on each level-both featuring 15'9" x 17'10" dimensions and private baths. Upstairs includes four additional oversized bedrooms (all matching the main suite dimensions) and a second foyer sitting area perfect for quiet moments. Step outside to your private 18' x 40' pool-surrounded by manicured landscaping and perfect for summertime entertaining. And for those who need room to work, store, or create: the 40' x 80' detached garage offers over 3,200 square feet, four roll-up doors (including a 12' x 12' rear access), and parking for up to 12 vehicles across dual driveways. With a 6-year-old roof and HVAC systems, this home is not only beautiful, but well-prepared for the future. Whether you're looking for space, style, or a piece of cinematic history, this home delivers it all.
Source: GAMLS #10574527
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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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