214 Nichols Manor Dr, Stevensville, MD 21666
5 beds · 3 baths · 2,488 sqft
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Welcome to 214 Nichols Manor Drive in Stevensville, Maryland. This beautifully renovated split foyer home is located on Kent Island in one of the Eastern Shore’s most desirable communities. Just minutes from the Bay Bridge, this property offers the perfect blend of modern upgrades, functional space, and access to the Chesapeake Bay lifestyle. Located in the desirable Cloverfields Community providing you access to the private beach, equipped with a nettle net for comfortable swimming, a marina with boat ramp and rental slips, a community pool, clubhouse, playgrounds, and various recreational facilities. Also, with multiple public boat ramps nearby—including Shipping Creek, Kent Narrows, and Matapeake—residents enjoy quick and easy access to boating, fishing, and all that waterfront living has to offer. The home features five bedrooms and three full bathrooms across more than 2,300 square feet of finished living space. Significant renovations were completed in 2017 and 2023, including a main-level addition of approximately 675 square feet and a lower-level expansion of around 330 square feet of climate-controlled storage space with a rear walkout entrance. The main floor was completely remodeled with luxury vinyl plank flooring, new lighting, a custom stair railing, and a stunning kitchen featuring an oversized island, stainless steel appliances, and a convenient pot filler above the stove. The owner's suite includes dual walk-in closets and a spacious en-suite bathroom with a frameless glass shower, double vanity, and linen storage. In 2017, the basement was fully gutted and remodeled with new LVP and carpet, a built-in closet in the bedroom, heated floor tiles in the bathroom, and new lighting throughout. Updates also included a new HVAC system converting the home from oil to propane, new windows in the main living area, and a new roof. The 2023 improvements continued with new siding, a stone-accented front exterior, new gutters, a new bay window, and concrete work under the new rear deck. An added benefit of this property is its solar lease, which significantly reduces electric costs. The lease is fully assumable with the purchase, providing immediate savings, or it can be removed if the buyer prefers. With a flexible layout, thoughtful finishes, and excellent energy efficiency, 214 Nichols Manor Drive offers a rare opportunity to own a turnkey home in a highly sought-after location just minutes from the water. Whether you're looking for a full-time residence or a weekend escape, this home captures the best of Maryland’s Eastern Shore living.
Source: BRIGHT #MDQA2012642
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDQA2012642
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.