9832 Clift Rd Strawberry Plains, TN 37871
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About this home
Welcome to this rare find—a spacious 5-Bedroom, 2-Bathroom home PLUS separate entrance 3-Bedroom, 1-Bathroom APARTMENT with full kitchen & laundry area attached to the garage. Set on 3 sprawling acres with NO restrictions, the possibilities are endless. Bring your rocking chairs and enjoy the countryside and peaceful views all from your covered front porch. Located a quick 15minutes from downtown Knoxville, Strawberry Plains offers country living while being close to all the conveniences. Tucked in a quiet neighborhood, enjoy evening walks and direct access to the Holston River, perfect for kayaking or simply enjoying peaceful nature views. Step inside the main home, you'll find LVP flooring in a spacious family room, a large kitchen with pantry and breakfast nook area, dining room, den/bonus area and a convenient main-level bedroom with a full bathroom and laundry area. Upstairs, you'll discover four additional spacious bedrooms and full bath. Attached to the garage, the 3 bedroom/1 bath apartment offers incredible potential --ideal for multi-generational living, guests, or generating rental income. Outside, the property features a balance of cleared open space and lightly wooded acreage, and endless possibilities for gardening, mini farm, firepit, and/or workshop. Major updates include a new roof (2020), HVAC unit (2024), septic pumped(2023), and Foundation work completed(2021) giving peace of mind to future owners. Seller is offering $5k flooring allowance. Whether you're looking for a family compound, investment opportunity, or a private retreat with river access, this property checks all the boxes! Sellers are VERY motivated and say BRING ALL OFFERS!! All information deemed reliable, but buyer/buyers agent to verify ALL information.
Source: REALTRACS #3034974
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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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