350 Villa Magnolia Lane, Alpharetta, GA 30009

Property Description

ASSUMABLE FIXED RATE Mortgage of 2.375%. Principle & Interest Payment is $2,130.08 per month on a 30 Year Term with 28 Yrs left. Current Mortgage Balance is $525,000.00. 4 Bedroom, 3.5 Bath Detached Single Family Home, 3 sides Brick, 2 Car Garage in Beautiful Villa Magnolia. Upscale Community steps from Downtown Alpharetta and connected to Wills Park with private community entrance. Experience Luxury Living and enjoy restaurants, shopping, and entertainment that are just steps away. This is a 3 story Single Family Home featuring Tuscan inspired high end designer finishes. Enter the terrace level from the park like setting into a guest suite with full bath. Main Living Space features 10" soaring ceilings and Large Outdoor Balcony/Patio. Large, open plan boasts oversized family and dining area. Gorgeous kitchen features a gourmet sized island with extra seating. The third floor living space includes a large master suite, 2 additional bedrooms and laundry. Front faces lighted walkway. Tuscan inspired architecture is second to none. Custom Drapes & Blinds, Upgraded Interior Light Fixtures, Epoxy Coated Garage Floor, End Lot Location with Extra Privacy, Extra Large Driveway for Additional Parking, Walk to Wills Park, Downtown Alpharetta, Avalon, Restaurants, and Shopping. Home has an Assumeable Mortgage with 2.375% Interest Rate - Compare to Current Interest Rates (7.75% - 8%). With $325,000 down, the buyer can assume Current Mortgage of $525,000 @ 2.375% for the 28 year balance on the life of the loan- Principle and Interest payment is $2130.08 monthly. In comparison, a new mortgage @ 7.75% would cost you $3771.16 monthly P&I. Seller is a Licensed Realtor.