2726 East Ave, Berwyn, IL 60402
4 beds · 3 baths · 2,400 sqft
$15,000 Price improvement!! Don't miss this rare opportunity to own this beautifully reimagined 2,400 square foot Berwyn Bungalow! This stunning 4-bedroom, 2.5-bath home underwent extensive renovations in 2019, highlighted by the addition of a second story. With updates both inside and out, this home feels like-new construction, combining classic charm with contemporary living. The exterior of the home received a fresh transformation, featuring a new roof, siding, and energy-efficient windows. Inside, major components including the plumbing, electrical, furnace, central air conditioner, and HVAC systems were completely removed and replaced with brand-new installations. The interior was taken down to the studs and completely reimagined, with gleaming hardwood floors being installed throughout most of the house. A first-floor master suite was added, along with a sleek, modern chef's kitchen and elegant, spa-like bathrooms-perfect for today's lifestyle. Approach this home and step onto the charming front porch leading to a welcoming foyer with a large entryway closet. Enjoy the warm and inviting living room flooded with natural light from three bright windows. Adjoining the living room is a chef's dream kitchen, featuring an abundance of 42-inch cabinetry, sleek quartz countertops, a convenient breakfast bar, and stainless-steel appliances. The kitchen is complete with a large pantry and a custom tile decorative backsplash. Main level also offers an updated half bathroom with elegant vanity and expansive storage closet. Also on the primary level, you'll find the breath-taking master suite with its expansive walk-in closet with built-in shelving. Spa-like ensuite bathroom offers double vanities, custom tile shower, and stand-alone soaking tub. The second floor features a similarly appointed full bathroom, 3 bedrooms, and a bonus room, perfect for a home office or study. The bedrooms are all generously sized with large reach-in closets and bright windows. Private, fully fenced-in backyard. Oversized 2.5 car garage. Commuter's dream near METRA and local expressways I-55 and I-294. Only 20 minutes to downtown! Sought after location near Berwyn's vibrant shopping, dining, and entertainment. Walking distance to local parks and recreation including Janura Park, Baseball Alley, and Sunshine Park. Area highlights include MacNeal Hospital, Berwyn Park district, The Depot District, Liberty Cultural Center, Route 66 commerce area, and so much more! Don't miss out on this exceptional opportunity. Schedule your tour today!
Source: MRED #mrd12172336
Source: MRED #mrd12172336
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: #mrd12172336
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.