1324 AXCEL LN, Sycamore, IL 60178
Don't wait on this one! Priced to sell and move-in ready, this stunning 5BD/3BA home (with a 6th flex bedroom) is located in the sought-after Winfield Meadows neighborhood, offering unbeatable value and an assumable low-interest mortgage. Nestled on a spacious 0.5-acre lot, this home boasts breathtaking 180-degree views for gorgeous sunrises and sunsets. With modern transitional vibes, this second-owner home is immaculate and rarely available. Situated in prime proximity to Sycamore trails, top-rated 427 schools (North Elementary), and downtown amenities, this home combines convenience with comfort. Property Overview: Address: 1324 Axcel Lane, Sycamore, IL Bedrooms: 5 (6th flex room) Bathrooms: 3 Square Ft: 2,751 + 1,000 finished basement Lot Size: 0.5 acres (largest in the subdivision) Garage: 2-car tandem with attic, cabinet storage, and new Dyno heater Interior Highlights: Open floor plan with cascading chandeliers, wired-in surround sound, and Brazilian cherry hardwood floors. Modern kitchen with ample counter space, storage prep island, and modern appliances. Bright, airy living room with large windows and a 75" UHD TV that conveys with the home. Main floor flex room-ideal for a den, office, or bedroom. Master Suite with cathedral ceiling, ensuite bath, and walk-in closet (chandelier DOES NOT convey with sale). Three additional spacious bedrooms on the second floor. Finished basement with large storage room (roughed-in plumbing for an additional bath). Exterior Highlights: Expansive 0.52-acre lot with 1400 sq ft two-tiered patio, perennial planter beds, paver and gravel fire pit, and playset. Unobstructed views of the park and open fields-ideal for outdoor entertaining and relaxation. Green thumb-friendly with buried waterlines for gardens and fruit trees; Apple, pear, cherry, walnut, mulberry, blackberries, raspberries, gooseberries, and currant bushes. Quick closing available! 5.5 assumable mortgage. No agent - No Problem! Seller is willing to assist with the buyer's purchase. This amount can be used to reduce closing costs or to buy down the interest rate, depending on what best suits the buyer's needs. Please feel free to reach out if you have any questions. Recent updates, fresh paint, new carpet, smart home features, and a roof replaced in 2021, this home is ready for you. Don't miss this opportunity - schedule your private showing today and make 1324 Axcel Lane your new home. *Seller Interest* Seller is a Licensed Inactive IL Real Estate Broker.
You may be able to put down less than the total down payment amount of $138,808 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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: #mrd12129455
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.