3520 Tyler St, Falls Church, VA 22041
4 beds · 5 baths · 3,849 sqft
Central Location – Energy Efficient-VA Assumable 2.75% Welcome to 3520 Tyler Street, an extraordinary residence offering nearly 4,000 sq ft of beautifully crafted living space, complemented by a private, fenced backyard. The home appears modest from the street view but is anything but once you enter this beautiful home. Boasts a modern kitchen outfitted with stainless steel appliances, expansive granite countertops, and an eat-in bar. This kitchen is perfect for both everyday meals and hosting guests. It extends into a spacious open-concept family room with a gas fireplace that flows into the dining area, complete with a charming bay window The family room offers direct access into a custom-built 14’x10’ screened porch, offering a place to relax or dine when the weather allows. Upstairs, is a spacious landing with two large bedrooms, each with its own en-suite bathroom and walk-in closet. At the far end of the landing is the oversized Master Bedroom, which features amazing closet space and convenient access to the walk-up attic. The en-suite master bath, fully renovated in 2021, showcases premium finishes. The upper level also includes a modern laundry room with state-of-the-art, Wi-Fi-enabled washer/dryer (2024). New AC unit installed upstairs in 2024 (10 yr. warranty). As you head downstairs to the walk-out basement, you'll find an unexpected amount of space offering endless possibilities for customization. The fully finished basement has a full bathroom, 2 oversized storage closets, a 4th bedroom with large closets and a bonus room currently being used as a home office but can easily be transformed into an au pair suite, a library, a yoga room, etc. The other half of this expansive basement is a large, open area that’s perfect for a cozy family room, movie nights, a pool/game table, a home gym, or a playroom. The possibilities here are endless. The walk-out basement leads directly to the private backyard, which boasts a custom wooden fence and brick patio. This outdoor space offers limitless potential for entertaining, gardening, or simply enjoying time with family, friends, and pets. For added convenience, the backyard features a purpose-built storage shed, perfect for stowing tools, bikes, or all your outdoor gear ensuring your yard remains organized and clutter-free. Additional Features: Attached one-car garage with custom shelving for convenient storage, Large driveway with ample parking for multiple vehicles, Solar paneled energy-efficient home (Average Electric bills are $74/month!!), Updated Cat 5 drops throughout house, Central intercom and music system, Central vacuum, Custom wood shutters throughout The location of 3520 Tyler Street is just as desirable as the home itself. Nestled in the heart of Falls Church and Bailey’s Crossroads, you get both suburban tranquility and easy access to urban conveniences. This central location allows you to be within a few miles of both Arlington and Alexandria. It is walking distance to Lake Barcroft, Trader Joe’s, Amazon Fresh and other popular retail stores and restaurants in Bailey’s Crossroads. It is also close proximity to Shirlington, Old Town, Arlington, the Mosaic District and Tysons Corner. Commuting is easy with several options close to major highways like I-495, I-395, I-66, Route 7 and Route 50. Whether you work in DC or any of the government offices and military bases in the area including the Mark Center, Quantico, Navy Yard, Fort Belvoir, Fort Myers etc you’ll find the location extremely convenient. There is also bus access to the Falls Church metro station to get you to the Pentagon, Amazon HQ2 and downtown DC. Both Dulles International (IAD) and Reagan National (DCA) airports are a short drive away. You must see the home in person to fully appreciate all it has to offer. This exceptional home is truly a place where every commuter and family member’s needs are met.
Source: BRIGHT #VAFX2224392
Financials
Source: BRIGHT #VAFX2224392
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.