Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 50
$1,699,900

124 Lincoln St, Glenview, IL 60025

6 beds · 5 baths · sqft

Imagine waking up in a home where every detail has been crafted for comfort, style, and effortless living. This is more than just a house-it's a sanctuary designed to stand the test of time, offering you and your loved ones a space to grow, celebrate, and create memories for years to come. Nestled in the sought-after Park Manor neighborhood, this home greets you with its timeless elegance and modern charm. Mornings begin with a peaceful stroll to Manor Park, just steps from your door, or perhaps a quick walk to grab coffee from a nearby cafe. Schools, the library, restaurants, shopping, and the Metra station are all within walking distance, making every day wonderfully convenient. As you step inside, soaring ceilings and an open floor plan invite you to explore. The main level flows effortlessly, designed for both intimate family moments and grand celebrations. A cozy family room with a fireplace overlooks the backyard. Step outside to a maintenance-free deck-perfect for hosting summer barbecues or enjoying a quiet evening under the stars. The kitchen is a chef's dream, boasting high-end appliances and sleek finishes that delight cooking. Just off the main living area, a versatile first-floor office or guest bedroom offers flexibility, with a full bath and mudroom nearby to keep life organized and clutter-free. Upstairs, you'll discover four spacious bedrooms, each thoughtfully designed for comfort and privacy. Two share a Jack-and-Jill bathroom with walk-in closets, while another enjoys a private en-suite bath. But the true highlight is the primary suite- a tranquil retreat with dual walk-in closets and a spa-like bathroom. Imagine starting your day beneath the skylights, stepping into a luxurious oversized curbless European shower, or unwinding in the elegant soaking tub surrounded by Italian tile. A second-floor bonus room offers endless possibilities- an office, playroom, or creative space. The convenience of an upstairs laundry ensures that everyday tasks are a breeze. The lower level is more than just a basement; it's a haven for relaxation and fun. A sprawling recreation room with a wet bar is perfect for movie nights or hosting game-day parties. The walkout design connects you seamlessly to the backyard, and an additional bedroom or exercise room, along with a full bath and sauna, adds to the luxury. Heated floors and a second laundry room make this space as practical as it is comfortable. Every inch of this home reflects impeccable attention to detail and top-tier construction. With its striking open razor design, the custom white oak staircase is a statement of modern elegance, while the hardwood-engineered white oak flooring adds warmth and durability. Triple-pane European tilt-and-turn windows flood the home with natural light while keeping energy costs low.The Rukki metal roof, NICHIHA siding, and paver driveway ensure the exterior is as low-maintenance as beautiful. Heated floors in both the basement and garage extend comfort throughout the home, and a 400-amp electrical system with CAT5 wiring provides the infrastructure for a fully modern lifestyle. Beyond its features and finishes, this home offers something intangible: a sense of belonging. It's a place where you'll celebrate birthdays in the sunlit living room, host Thanksgiving dinners and watch the seasons change from your private backyard oasis. This is your forever home designed to grow with your family, support your lifestyle, and provide peace of mind for years to come. With its unbeatable location, luxurious amenities, and thoughtful design, it's a home that promises a place to live and thrive. Don't wait-schedule a private tour today and step into the story of your new life at Park Manor.

Estimated
Seller's interest rate
5.76%
7%
Estimated
Principal & interest
$7,046/mo.
$7,572
You may also save up to $85,218 in total interest paid.
Listing price
$1,699,900

Your cash down payment
$907,710
Seller’s estimated current equity is $907,710
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $7,046 monthly payment

Financed
$792,189
Assumed mortgage 5.76% • Seller's rate
$792,189
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.1561 acres
Year built
2024
Type
Single Family Residence

Source: MRED #11718256

Loan
Remaining term
13 years, 6 months
Rate
5.76%
Monthly P&I
$7,046
Remaining loan balance
$792,189

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Dec 30, 2024 12:17 pm
Listing agent: Lena Bondar (847) 630-7020
Listing provided courtesy of: @properties Christie's International Real Estate (847) 832-0002
Details provided by MRED and may not match the public record.
MLS ID: #11718256
Based on information submitted to the MLS GRID as of Dec 30 2024 - 17:04. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$7,046/mo
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