7137 Lake Cove Dr Alexandria, VA 22315
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About this home
Welcome to 7137 Lake Cove Drive, a stunning end-unit townhome backing to trees in Alexandria’s desirable Lake D’Evereux community. With a side entrance and windows on three sides, this bright and inviting home offers the feel of a detached house. It has been freshly painted, with new carpet throughout the upper level and brand-new dazzling hardwood floors flowing across the main level. Elegant crown molding gives the lovely dining room a touch of class. The beautifully updated kitchen showcases modern white cabinetry, sleek quartz countertops, stainless appliances, a useful peninsula and a stylish subway tile backsplash. The kitchen opens to the spacious family room centered by a cozy fireplace with a chic tile surround and detailed wood mantel. Step outside to the expansive deck with stairs leading to the fenced-in backyard and patio overlooking a serene, wooded view—perfect for weekend barbecues or relaxing with a good book. Upstairs, you’ll find three generously sized bedrooms, each with a ceiling fan and walk-in closet. The updated hall bath features a deep jetted soaking tub. The large primary suite offers a huge walk-in closet and a luxurious en-suite bath with a double-sink vanity, oversized mirror, and modern lighting. The lower level includes another tastefully renovated full bath with floor-to-ceiling tile in the shower, extra storage space, and a versatile bonus room ideal for an office, guest room, or home gym. The spacious rec room opens to a private brick patio in the tranquil backyard. The hot water heater was replaced in 2023, and the HVAC system was updated in 2025. This exceptional home in a popular lake community is just a few miles from Kingstowne’s shopping, dining, and entertainment, along with parks and walking trails. Conveniently located just outside the Beltway, it provides easy access to bus routes, the Metro, DC, Old Town Alexandria, Amazon HQ and Fort Belvoir.
Source: BRIGHT #VAFX2275514
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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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