352 Harvey Ave, Des Plaines, IL 60016
4 beds · 3 baths · 2,231 sqft
Nestled in the charming neighborhood of Cumberland Terrace, this meticulously updated residence offers a harmonious blend of modern conveniences and inviting aesthetics. Set over two levels, the home features four generously sized bedrooms and 2.5 bathrooms, providing ample space for relaxation, work, and entertainment. Upon entry, visitors are welcomed by the natural beauty of hardwood floors that seamlessly extend throughout the home, including a graceful staircase that serves as a gateway to the private quarters upstairs. The kitchen, a culinary enthusiast's dream, is outfitted with sleek granite countertops and a full suite of new LG stainless steel appliances installed in 2021. A bay window with a built-in nook invites tranquil breakfasts or casual dining moments, while the adjacent dining room is poised to accommodate gatherings of any scale. The home's layout thoughtfully separates the living and family rooms on the main level, each space crafted to foster unique ambiances. The family room, warmed by a natural gas fireplace, beckons with its cozy atmosphere for intimate family gatherings. In contrast, the living room, adorned with hardwood floors, offers a serene setting for relaxation or hosting guests. A dedicated office space on the main level, equipped with a convenient half bath, supports a variety of household arrangements and professional needs. The unfinished basement further expands the home's utility, providing ample room for laundry and storage solutions. The staircase leads to a distinct second-floor layout, where the master suite occupies the right wing, offering a secluded retreat complete with a private bath and extensive closet space. The left wing houses three additional bedrooms and a full bath, ensuring privacy and comfort for family members or guests. The exterior of the property is equally impressive, featuring a large fenced yard ideal for outdoor activities and a patio space designed for relaxation and entertainment. The 2.5-car detached garage, complemented by a side driveway, enhances convenience and curb appeal. Significant home upgrades include professional, pet-friendly lawn care (weed removal, aeration, and fertilization), a 200-amp electrical service for efficient power distribution, and advanced Cat 6 internet wiring for superior connectivity. Modern amenities such as LG appliances (2021), Lennox A/C and furnace systems (2020), an air cleaner, and a water heater (2021) underscore the home's commitment to comfort and functionality. Located in a coveted area, this residence ensures easy access to a variety of shopping options and is just a two-block walk from the Metra station, offering a seamless commute to downtown Chicago. Its proximity to Mariano's, parks, and schools cements this home as a beacon of luxurious and convenient living in a vibrant community.
Source: MRED #mrd11929229
Source: MRED #mrd11929229
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: #mrd11929229
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.