1729 Kennedy Rd, Bristol, IL 60512
3 beds · 2 baths · 1,800 sqft
Looking for some FREEDOM from HOA FEES and RULES?? Store your camper, work truck, trailer, and toys on your own .61 acre of land in unincorporated Bristol! Want some chickens and goats? No problem here! This rare property is zoned A1 so you can create that HOMESTEAD feeling yet zip a few minutes to the grocery store from your convenient U-shaped driveway! Nestled on a HUGE wooded .61-acre lot, this home combines rustic charm with modern updates! Inside, you'll find a cozy log cabin aesthetic with knotty pine walls, vaulted ceilings, skylights, and refinished hardwood flooring (2023). The kitchen is functional and welcoming, featuring an eat-in area, a breakfast bar, a new stove (2023), and a space with plumbing ready for a dishwasher. In addition to the kitchen, this home boasts a front living room and a spacious family room in the back, offering plenty of room to relax or entertain. Two of the three oversized bedrooms feature walk-in closets. A full bathroom is located between the primary and 2nd bedroom and features a cast iron tub. There is also a large separate storage room that can easily be converted into an office/pantry or a walk-in closet, giving you even more flexibility! The recently updated 2nd full bathroom includes a stylish tiled walk-in shower, a new pedestal sink, and a new toilet for added comfort. Convenient main-level laundry means no more trips up and down the stairs! The home's practical updates continue with a new two-car garage, built in 2019, offering ample storage and a workshop area, and new gutters with leaf guards for easy maintenance. The gorgeous ENORMOUS FENCED yard backs up to a beautiful park with a playground, baseball fields, and a walking path! This home also has historical significance in the area, as it was originally built as Gorton School, a one-room schoolhouse from 1866. In 1977, a modern home addition was made, seamlessly blending the home's charm with contemporary features. The home retains special historical details like exposed brick and some original hardwood from the 19th-century structure, preserving its unique character. Additional highlights include central air, a gas furnace, and a dry basement with both an inside door and outdoor cellar access. This truly unique gem perfectly blends history, rustic elegance, and modern convenience! Home warranty included for peace of mind! When you're ready for the best mix of country living and suburban comforts - book your private showing!
Source: MRED #12187026
Interest rate and monthly payment estimated based on public records.
Source: MRED #12187026
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #12187026
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.