525 Waterbrook Dr Greenville, SC 29607
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About this home
OPEN HOUSE SUNDAY 11/2 2:00-4:00 PRICE IMPROVEMENT**** What a wonderful opportunity awaits a first-time homebuyer, an investor or someone looking to simplify their life, at 525 Waterbrook Drive. Nestled in the established community of Laurel Heights, this 2 BR, 2 1/2 Bath townhome offers virtually maintenance free living. As you enter the main level you will be greeted by a generous size kitchen with pantry, complete with all appliances. The open floor plan then leads you to both a dining and spacious living area. The natural LVP floors, which the owner installed, give it a light and airy feel and the ventless fireplace adds both ambiance and comfort. Another feature is a half bath, an extra convenience for both the homeowner and guests. Just off the living area is a private patio and storage closet. Once upstairs, you will find the primary bedroom with a vaulted ceiling. The room is large enough to accommodate a king size bed and the adjoining closet provides a generous space for storage. The en-suite bathroom features a garden tub with shower. There is also a second bedroom which also has its own full bath with a tub/shower. For added convenience, there is a laundry closet in the hallway. Please note that the washer, which was purchased in 2024, and the dryer convey with the sale. There is also a security system in place that just needs to be activated. And for ease of access, there are 2 assigned parking spaces directly in front. For those of you who enjoy lounging with a good book, the community pool and the Mauldin Library are both steps away. The seller has done a wonderful job of maintaining the home over the years, including installing new carpet in the upstairs this past July. Other recent substantial updates include a new HVAC system in 2021, water heater in 2022 and having the duct work cleaned in 2024. The roof, which is the responsibility of the HOA, was replaced in 2017. So those potential worrisome " big ticket " items have already been addressed. And when it comes to location, the new owner will find themselves conveniently located to I-85 and Downtown Greenville. And all the new exciting things that Mauldin has to offer are less than 5 minutes away. Not to mention, if you have a fur baby in the family, both Sunset and Conestee Park are little more than a tennis ball toss down the road. So make plans now to schedule your showing, so you too can soon enjoy the quiet and pleasant address that is known as Laurel Heights.
Source: GREENVILLESC #1568471
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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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