1 of 22
$340,000
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9282 Magellan Pkwy # A, Glen Allen, VA 23060

2 beds · 3 baths · 1,573 sqft

MOVE IN READY! The quickest move-in home in Retreat at One. Gorgeous condo built in 2023 by Stanley Martin! Upon entering, you’re greeted with the open concept living room with luxury vinyl plank flooring, high ceilings, and the beautiful eat-in kitchen featuring plenty of cabinet and counter top space, and stainless steel appliances, as well as a half bath. The second story offers the spacious primary bedroom with a massive en-suite bathroom, along with two walk-in closets. The second bedroom is close to hallway bathroom and also utility closet. The second floor also offers a loft space perfect for a home office, another entertaining space, or could even be converted to a third bedroom. This home has been perfectly maintained, with one year old components, along with builder warranties that will transfer to the new buyer. Located in a very sought-after location, this property offers all of the amenities and maintenance-free living, with the convenience of being close the surrounding cities, schools, shopping, and entertainment you could want. Schedule your showing today!

Estimated
Seller's interest rate
5.75%
7%
Estimated
Monthly payment

$2,435
$2,671
You may also save up to $79,464 in total interest paid.

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.

Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,671 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
FHA
Rate
5.75%
Remaining term
28 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,435
Principal & interest
$1,768
Mortgage insurance
$138
Property taxes
$226
Home insurance
$116
HOA fees
$185
Utilities
Not included

Source: Public records

Home details
Size
1,573 sqft
Lot size
8.2607 acres
Year built
2023
Type
Condominium
HOA dues
$185.00

Source: CENTRALVIRGINIA #2513526

Frequently asked questions

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.

View all FAQs
Last updated: Jun 20, 2025 08:22 pm
Listing agent: Justin Marks (804) 721-9505
Listing provided courtesy of: Napier Realtors, ERA (804) 524-9001
Details provided by CENTRALVIRGINIA and may not match the public record.
MLS ID: #2513526
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2025 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Est. seller's rate
5.75%
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