7455 Groveland Rd Holly, MI 48442
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About this home
EXQUISITE CUSTOM-BUILT LAKEFRONT ESTATE ON 2.5 ACRES ON SPRING FED LAKE THERESA. This stunning 5,800-square-foot custom home is nestled on 2.5 private acres with only four homes bordering a serene, private lake, with great fishing, skiing, boating. Designed for both elegant living and grand entertaining, the residence features 5 spacious bedrooms and 6 luxurious bathrooms. The dramatic primary suite offers a castle-like retreat with a spa-inspired ensuite bath, walk-in closets, and a private morning kitchen overlooking tranquil lake views. Two fully equipped gourmet kitchens, including a main kitchen with high-end appliances and a butler’s pantry, ensure culinary excellence. The expansive floor plan spans three fully finished levels, highlighted by many soaring ceilings, premium Anderson 400 windows/door walls, and striking stone accents that flood the interiors with natural light. The walkout lower-level features 10-foot ceilings, a full kitchen, wine cellar, an additional bedroom, and a full bath—ideal for guests or entertaining. There is also over 3,000 sf additional outdoor finished space with tons of major upgrades since 2017. Seamlessly blending indoor and outdoor living, the home offers an expansive multi-level Kyle Builders super deck and multiple large concrete patios that take full advantage of the breathtaking waterfront setting. Additional premium features include 2 massive garages, fits eight-cars, Grohe fixtures, custom tile/hardwood floors and meticulous craftsmanship throughout. Ideally located just minutes from top hospitals, schools, fine dining, Mt. Holly and I-75 access, with the convenience of Starbucks nearby. This exceptional estate offers privacy, luxury, and timeless elegance—an extraordinary opportunity to own a truly remarkable home makes it a must see!
Source: REALCOMP #20251043815
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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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