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Welcome to 501 Mellwood Drive! This freshly renovated 3 bedroom/2 bath home is located in a quiet neighborhood full of character and charm but just minutes from the Piedmont Golf course, I85 and the Toll road and no HOA. As you pull up, you will love the large acre corner lot that this classic brick home sits on. Walking through the front door you will immediately feel the love and care that has been put into this home. The hardwood floors stretch throughout the formal living room, dining room and down the hallway. The formal living room and dining room make the perfect areas to entertain and enjoy family gatherings. The cozy kitchen has been completely remodeled with tile floors, stainless steel appliances (including a new gas range), quartz countertops and new cabinets. Just off the kitchen is a little breakfast nook that could also be used as a "drop zone" or home office. The stunning den features a beautiful and classic brick fireplace, stylish new carpet and wood beams. Down the hallway you will find all 3 bedrooms and updated bathrooms. The 2nd bath has dual sinks, tile shower and floors and granite counter tops. The primary bedroom has double closets and full bathroom complete with tile floors/shower and granite countertops. Outside you will find a beautiful oasis. The screened in porch is the perfect place to sit and enjoy a nice cup of coffee or wind down with a cup of wine. It also makes a great place to entertain! Your furry family member will be delighted with the large fenced in backyard. 1 level living, location, character and style make this home a dream come true!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $352,000 | $352,000 | $352,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $272 | $272 | $272 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,225 | $2,312 | $2,947 |
Total Monthly Payment | $2,572 | $2,659 | $3,294 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.