972 Malquin Dr Nashville, TN 37216
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About this home
Classic Character Meets Modern Comfort in this 1950s Inglewood gem! Tuck away on a large corner lot AND has an unbeatable location! The vibrant energy of East Nashville is nearby with its swanky bars, first-class eats, coffee shops, music shops, & antique stores. Park strolls more your thing? Check out South Inglewood Park or The Shelby Bottoms Greenway! This community truly has something for everyone. Inside, the home perfectly blends thoughtful updates like hardwood floors & fresh paint throughout with timeless touches like the solid wood doors, original plaster walls, & wall phone nook. Beyond the spacious living room, you'll find a formal dining room accented by a beautiful window, and through the kitchen is a large den with built-in bookcase—offering true versatility for a home office or cozy media space. The kitchen is a delightful nod to the past, with its freshly painted classic cabinets & stylish vinyl flooring, complemented by a nostalgic vintage oven. The refrigerator, washer, & dryer are all included, making this home truly move-in ready! The updated bathroom is equally stylish with black octagon tile floor, a subway-tiled shower, & sleek vanity. Enjoy peace of mind with big recent improvements like an updated HVAC system, 4-year-old roof, new vapor barrier, & updated windows, (plus the w/d lines were relocated inside from the garage). You're going to love the added bonus of the TWO detached garages, (one w/a workshop ready to be renewed) & separate metal shed! This space is endless opportunity waiting to happen! Imagine a dedicated art studio, maker’s space, home gym, or even exploring some income-producing potential. The stone-front exterior & color palette add great curb appeal & the partially fenced yard & large covered patio add privacy - perfect for entertaining. This delightful home is truly a unique opportunity—Don’t just buy a house; buy a lifestyle full of character, convenience, & potential! Look for open house times!
Source: REALTRACS #3011600
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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.