129 Princess Anne St
Fredericksburg, VA 22401
4 beds · 4 baths · 2,065 sqft
$699,900
Get prequalified129 Princess Anne St
Fredericksburg, VA 22401
4 beds · 4 baths · 2,065 sqft
$699,900
Get prequalifiedWelcome to 129 Princess Anne Street — a beautifully renovated 1904 traditional home that blends timeless charm with stylish, modern updates. Nestled in the heart of Fredericksburg’s vibrant downtown district, this spacious 4-bedroom, 3.5-bath residence offers incredible flexibility across four finished levels, including a fully finished basement suite and a 4th level - a bonus/attic space with room to expand. Importantly, in 2014 the electrical, plumbing, roof, windows/doors were new as well as front porch was reinstated. The original wood floors are preserved under the LVP. This home was been renovated with everyday living in mind, making the layout much more practical and the spaces easier to use. There's a bathroom on every level — except the top attic floor — and two full baths upstairs, which really adds to the convenience. It’s a great blend of old charm and modern function. Step inside to an open and inviting layout. The front family room offers generous space for relaxing or gathering, with abundant natural light. Upstairs, you'll find three generously sized bedrooms, including a primary suite with an attached full bath. Venture one level higher to discover the unfinished fourth floor — an expansive bonus area with potential for a home office, studio, playroom, or even two additional rooms. The updated kitchen seamlessly connects with the dining area — perfect for entertaining. The kitchen features granite countertops and bar with modern appliances, and sleek cabinetry, all opening up to a spacious dining area that flows through beautiful patio doors directly onto a ground-level patio. It’s an effortless indoor-outdoor lifestyle! The fully finished walk-out basement includes a separate entrance and features a private bedroom suite with a full bath and living area — ideal for multi-generational living, an in-law suite, or potential income-producing rental space. Outside, the large fenced backyard is a private oasis with a paved patio, garden beds, and ample green space — perfect for gardening, play, or outdoor dining. Situated just steps from the VRE train station, Downtown Greens, parks, shops, restaurants, art galleries, and historic landmarks, this home offers unparalleled walkability and convenience. Whether you're commuting to DC or enjoying Fredericksburg’s vibrant community events, the location is unbeatable
Source: BRIGHT #VAFB2008340
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.