15978 Cove Ln
Dumfries, VA 22025
4 beds · 4 baths · 3,854 sqft
$899,900
Get prequalified15978 Cove Ln
Dumfries, VA 22025
4 beds · 4 baths · 3,854 sqft
$899,900
Get prequalifiedLAKEFRONT***LAKEFRONT***LAKEFRONT ****ASSUMABLE VA LOAN 2.625%****** Welcome to your own private oasis on the lake—an extraordinary residence offering nearly 4,000 square feet of meticulously maintained living space across three finished levels. Set on the pristine shoreline of Lake Montclair, this stunning 4-bedroom, 3.5 bath home delivers the perfect balance of luxurious upgrades, timeless charm, and resort-style amenities. Every detail has been thoughtfully updated so you can simply move in and enjoy. A 50-year architectural shingle roof (2018), new vinyl siding with a classic brick front (2019), and an expansive two-tier deck (2020), new HVAC (2023), new water heater (2025), new attic fan and upgraded attic insulation (2022), all of which set the tone for quality and comfort. The outdoor spaces are a dream—professionally hardscaped with multiple gathering areas, including a lakeside fire pit and bulkhead where you can tie up your boat, unwind by the water, or host memorable evenings under the stars. Enjoy a cocktail on the upper deck or dinner on the mezzanine deck with uninterrupted lake views—this is elevated living at its finest. Concrete patio and stairs underneath the deck and full length (2022), along with driveway widened with concrete to accommodate two cars (2022) Inside, white oak hardwoods grace the main level and upper hallway, bringing warmth and elegance to the open floor plan. The formal living and dining areas are flooded with natural light and a bay window with more views of the lake. The chef’s kitchen is the heart of the home, outfitted with granite countertops, updated appliances, a charming brick alcove cooking center, and a butler’s pantry complete with a wine fridge, which flows beautifully into the sunken family room featuring a cozy pellet stove - ideal for entertaining in comfort and style. A full-sized laundry room is conveniently placed adjacent to the kitchen. Retreat upstairs to the exceptional primary suite, entering a peaceful sitting room/office or nursery, water views, large walk-in closet, and generous space await. The en-suite bath features a double-sink vanity, in-floor heating system, jacuzzi tub, and another full-size walk-in closet, and thoughtful finishes, creating a serene spa-like experience. Three additional spacious bedrooms and a modern hall bath complete the upper level. Downstairs, the finished walk-out basement impresses with soaring 14-foot ceilings and versatility galore. Whether you’re building a luxury home gym, a playroom, or a second family lounge, this space adapts to your lifestyle while featuring a new elegantly designed full bathroom and a music/theater room with a newly installed sump pump and French drain (2022). The owner went even further and ensured previous improvements, along with all the new improvements, were 100% county code compliant after a vigorous permit process and has been issued an approved county permit. This includes the basement in its entirety, not permitted by previous owners. Access the patio from the sliding glass door and just beyond to the expansive stone patio steps away, and the path to the lakeside and fire pit. Here you'll enjoy launching your kayak or one of the 2 paddle boats thoughtfully being conveyed, ready to take you on an enjoyable lake tour. Something for every water enthusiast! Beyond your backyard, Montclair offers an unmatched community lifestyle with 109 acres of lakefront recreation, three private sandy beaches, a full-service Country Club with an 18-hole golf course and driving range, indoor/outdoor tennis courts, playgrounds, sports fields, and one of the county’s newest public libraries. Commuting is a breeze with a commuter bus to DC and the Pentagon at the top of your street. Plus, you're just minutes from top-rated Pattie Elementary, Anne Moncure Park, shopping, dining, and much more. This is more than a home- it’s a destination. Come experience the best of lakefront living in Montclair!
Source: BRIGHT #VAPW2094442
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.