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520 Oak Grove Dr, Mineral, VA 23117
6 beds · 4 baths · 6,038 sqft
Rare 9.3-Acre Estate in the Heart of Lake Anna – Over 7,500 Sq Ft of Total Square Feet! Welcome to 520 Oak Grove Drive—an entertainer’s dream and one of the most spacious properties available at Lake Anna. Situated on the public side and just minutes from Food Lion, Coyote Hole, the nursery, and Lake Anna’s main shopping corridor, this home is perfectly positioned for both convenience and privacy. This stunning 6-bedroom, 4-bathroom custom home boasts over 7,500 total sq ft—with 3,790 sq ft on the main level and approximately 2,248 finished sq ft in the walkout basement. The exterior impresses from the start with a paved driveway and eye-catching rock façade. Boat slip is included! Step inside to find an expansive floor plan with generous living and dining spaces. The main living area features a beautiful stone fireplace and an expansive kitchen with granite countertops and ample cabinetry—perfect for gatherings of any size. Just off the living room, a covered walk-out deck with tile flooring offers seamless indoor-outdoor living. The main level offers 5 large bedrooms, a full laundry room, and direct access to the oversized 2-car garage. Downstairs, the finished basement includes a spacious second living room, a large 6th bedroom ideal for multiple beds, and big windows that bring in natural light and serene views of the backyard. Enjoy the tranquility of 9.3 acres with room to roam, garden, or simply relax in nature. This home includes Lake Anna common area access—bring your boat, paddleboards, and guests! Boat slip #9 included located at the common area! Short-term rentals are allowed, making this an excellent investment opportunity or vacation retreat. All of this just 1 hour from Richmond, Fredericksburg, Culpeper, and Charlottesville, and 2 hours from D.C. Properties of this size and location at Lake Anna are extremely rare—don’t miss it!
Source: BRIGHT #VALA2007708
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VALA2007708
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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