2914 Maple Ave, Berwyn, IL 60402
4 beds · 3 baths · 2,817 sqft sqft
MOTIVATED SELLER. Presenting this delightful Chicago-style Bungalow, a slice of history nestled on Maple Avenue. Homes like this do not become available very often. This spacious 4-bedroom plus office, 3-bathroom home spans 2,817 above grade square feet and more than 4450 finished square feet including the basement and is just blocks from iconic Proksa Park and the Depot District. The bungalow boasts remarkable curb appeal with its charming light post, full masonry and glazed brick exterior, copper gutters and downspouts, clay tile roof, lovely landscaping with a sprinkler system, and an impressive octagon bay of stained glass windows spanning the entire front facade. Inside, discover numerous historic details, including many original doors, HARDWOOD FLOORS hidden under the main level carpet, crown molding in the living, dining, and family rooms, barrel vault ceilings in the main floor hall, charming milk delivery door, and a stunning wall of stained glass windows in the living room and more stained glass in other areas of the home. The large eat-in kitchen features a center island, granite countertops, a large pantry closet, and access to a spacious deck perfect for summer barbecues. The dining room easily accommodates both intimate dinner parties and large family gatherings. The main floor full bath, updated with a stone top, retains its charming stained-glass window. The finished basement offers modern conveniences with an enormous recreation room complete with new carpet, a wet bar with wine storage, exposed brick walls, and a pool table that will be conveyed with the home. The versatile basement space includes an expansive office area, full bath, laundry, and a storage room with shelving. Additionally, the property includes a three-car garage with alley access from one bay and a concrete driveway. The location can't be beat with easy access to schools, transportation, and Proksa Park, featuring nature trails, playgrounds, picnic areas, and vibrant community events. Within the park, two tranquil ponds and a meandering creek enhance its natural beauty, offering a serene setting for peaceful walks. Berwyn's eclectic restaurants and shopping destinations are also nearby. This home presents an extraordinary opportunity for customization and personalization. Don't let this one get away! ALL REASONABLE OFFERS WILL BE CONSIDERED!
Source: MRED #mrd12115219
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12115219
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: #mrd12115219
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.