725 Shelley Rd Charleston, SC 29407
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About this home
Welcome to your dream home! Nestled in the highly sought-after East Oak Forest neighborhood, this exquisite beautifully remodeled 3-bedroom, 2-bathroom mid-century modern full brick house exudes charm, character and modern convenience--all without the constraints of an HOA. Step inside to be greeted by newly refinished parquet hardwood floors and an impressive full-brick surround fireplace, creating a warm and inviting atmosphere. The expansive open floor plan seamlessly connects the living area, dining space and stunning chef's kitchen, designed with locally made custom cabinets, quartz countertops, GE stainless appliances, a Monogram gas range and a unique restaurant-grade hood--ideal for culinary enthusiasts! Ascend the elegant curved wrought iron staircase to find three spaciousbedrooms, each filled with natural light and newly refinished hardwood floors, along with two beautifully updated baths. This home also features a lower level boasting over 800 square feet of finished heated and cooled space, perfect for a recreation room, media retreat or extensive storage. Enjoy outdoor living on the screened-in porch or covered patio, both equipped with remote-controlled ceiling fans, overlooking a fully fenced backyard with a lush wooded buffer for added privacy. Need extra storage? A custom-built large-size Graceland barn shed with electricity awaits! Located just down the road from vibrant Avondale restaurants, shops and bars, Whole Foods and the scenic West Ashley Greenway, with downtown Charleston and Folly Beach within easy reachthis home offers unparalleled convenience! With thoughtful updates throughout, including energy-efficient windows, a bar area with Zephyr beverage fridge, Lennox HVAC system, vapor barrier and sump pumps in the crawl space providing peace of mind and a transferable termite bond, this home is move-in ready! Don't miss out on this rare gem!
Source: CTAR #25028745
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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.