Property Description

2.75% Rate Assumable Loan: Save ~$850/mo for 25 years. A 2.75% assumable loan is the kind of opportunity buyers wait for, and this one actually makes financial sense. Most homes with assumable mortgages have such a low remaining balance that the benefit is limited. Not here. This home has an outstanding loan balance of approximately $405,000 with about 25 years remaining, creating a rare chance to step into a dramatically lower monthly payment. The current principal and interest payment on that first mortgage is about $1,836 per month. At a 6.5% interest rate, financing that same $405,000 would cost about $2,690 per month in principal and interest. That is a difference of about $850 per month in savings, for the next 25 years. Buyers can purchase the home and cover the difference with cash, or potentially use secondary financing in the form of a piggyback loan. The first mortgage is a VA loan with Rocket Mortgage, and non-veterans may be eligible to assume a VA loan, subject to lender and VA guidelines. Buyers should verify qualification and assumption requirements directly with the lender. And the financial advantage is only the beginning, because the house itself is exceptional. From the moment you step inside, you'll notice the site-finished real hardwood floors throughout the main level. The newly refinished stairs in the grand two-story foyer create a true statement piece. Natural light pours into the home through new Pella windows on the back side of the house, complemented by modern light fixtures that give the space a fresh, updated feel. If you love to cook, the kitchen is ready for it, featuring a new wall oven with built-in microwave, new gas cooktop, spacious cabinetry, and ample countertop space. The oversized island with a large overhang creates the perfect gathering spot for conversation, casual meals, and everyday living. Even the practical spaces have been thoughtfully improved, with custom built-in wood shelving in both the pantry and laundry room, no wire racks here. The home also includes a new PLSS whole-home water purification system, delivering purified water throughout the house. On the main level, there is also an office that could serve as a 5th bedroom with the addition of a closet, adding flexibility for guests, work-from-home needs, or multigenerational living. Upstairs, you'll find four additional bedrooms, including a spacious primary suite with a sitting area, large bathroom with dual vanities, ample storage, walk-in shower, jetted tub, and a large walk-in closet with custom storage. Need a secondary bedroom with its own private ensuite bath? This home has that too. Two more bedrooms are positioned at the end of the hall and share a beautifully updated bathroom. Downstairs, the large unfinished basement is filled with natural light from multiple windows and offers an ideal walk-out terrace level to the backyard, ready for storage, expansion, or future customization. Other notable updates include the high-efficiency HVAC system, water heater, and gutters. Located in sought-after Knollwood Lakes, a swim/tennis neighborhood in the popular Grayson High School district, this home combines meaningful long-term financial upside with tasteful updates and move-in ready condition.

Property Features

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