108 Plum St, Elgin, IL 60120
4 beds · 2 baths · 2,430 sqft sqft
LOCATION, LOCATION, LOCATION... Welcome to this fabulous home perfectly situated, close to Elgin's Gold Coast, within walking distance to Downtown Elgin, Gail Borden Public Library, The Centre of Elgin, The Fox River bike trail, restaurants, Grand Victoria Casino. This home is located 3 houses down the street from the annual 4th of July Parade. You will love how close this home is to the I-90 expressway, mayor roads as well as easy access to the Metra train station for easy travel. This is one-of- a-kind, MOVE IN READY, meticulously maintained home, very elegant, an architectural wonder which includes two staircases leading up to the second floor, pocket doors, thick crown molding, high ceilings and stunning wood floors throughout. Start your day right as you sit and relax with your cup of coffee on the large front porch. Once inside you will be greeted by an open layout flooded with natural light, a very thoughtful design to entertain family and friends. The spacious living room has a timeless appeal as it offers a calm and peaceful space, perfect for relaxation and comfort. It then connects to the formal dining room which is ideal for parties or intimate get-togethers. A home 1st floor bedroom or office/game room is located off the dining room where family can have fun watching their favorite movies or shows, the options are limitless. There is also on the 1st floor a large walk- in closet and full bathroom. The large kitchen features Maple cabinetry, newly stainless-steel appliances, tons of storage space, all waiting to make every prepared meal a special one. Upstairs you will find a big master bedroom, plus 2 additional bedrooms, an office room, and a full bathroom. All this adds to the convenience of the space, making this a home you will soon call your "FOREVER HOME". The spacious back deck is the perfect space to unwind after a long day, here is where tranquility and simplicity are all waiting for you. This being a serene and peaceful sanctuary where BBQ's, laughter and fun can be shared with friends. One of the great features of the home is that the unfinished basement is the length of the home. This is a welcome surprise as you will have all the space you will ever need to store holiday decorations, gardening tools, hobbies equipment as well as a convenient laundry facility. Home is being sold in "As Is" condition. 108 Plum St is the home you've been waiting for. Don't let it pass you by, schedule a viewing today.
Source: MRED #mrd12174222
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12174222
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12174222
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.