1229 Basswood Dr, Naperville, IL 60540
4 beds · 2 baths · 2,310 sqft sqft
Step into the heart of central Naperville living with this wonderful 4-bedroom, 2-full bath home boasting a 2-car detached garage, spanning 2,310 square feet in the coveted West Highlands neighborhood. Nestled on a .23-acre lot with mature backyard trees and lovely landscaping, this split-level residence offers the perfect blend of comfort, tranquility and convenience your whole family will love. Inside, you'll enjoy two updated baths and four nice-sized bedrooms with a master bedroom featuring plantation shutters. The lower level is the epitome of family room living with space to add a 5th bedroom! The kitchen features mostly new stainless-steel appliances and newer butcher block countertops. Other recent upgrades and enhancements include a nearly new a/c and furnace, Hardie board siding, newer lighting, newer carpeting, newer sump pump with a backup sump pump, drainage tiles and a garage renovated with epoxy flooring. Outside you'll enjoy peaceful evenings on your large wooden deck recently expanded with the addition of a concrete-stamped patio and featuring an attractive wooden fence for privacy that features solar-powered lighting to enhance its aesthetic. Benefit from the renowned Naperville 203 School District with Elmwood Elementary, Lincoln Junior High School and Naperville Central High School all close by. Trader Joe's, Casey's Grocery Store and Starbucks are also just blocks away. Outdoor enthusiasts will love the easy access to the DuPage River, Gartner Park, Springbrook Prairie and Naperville's extensive bike trails. Sleep well knowing the award-winning Edward hospital is less than a mile from your doorstep while enjoying the endless entertainment and dining options of downtown Naperville less than two miles! Commuter trains and interstates are also just a short drive. This is a gem in the rough, sold as-is with only your imagination limiting its potential as your forever home!
Source: MRED #mrd12170706
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12170706
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: #mrd12170706