411 N Cardinal Ave, Addison, IL 60101
4 beds · 4 baths · 3,070 sqft sqft
Experience luxury living in this immaculate, custom-built Fredrickson ranch, spanning over 3,000 sq. ft., nestled in the serene, wooded White Oak Estates. This home, meticulously updated and completed in May 2020, features 4 spacious bedrooms and 3.5 baths. The 4th bedroom, with its own updated full bath, is ideal for an in-law suite. The heart of the home is the chef's dream kitchen, showcasing an 8 ft. quartz island/breakfast bar, sleek white cabinetry, stainless steel appliances, quartz countertops, a large dining area, and wood veneer flooring. The entire home is beautifully finished in light grey tones, complemented by grey and white vanities, quartz countertops, and ceramic tile flooring in every bathroom. The master bath is a retreat, offering an oversized shower with a seat, double vanity sinks, and a generous makeup area. The two-tone wood veneer flooring flows throughout most of the home, leading to a large family room with a wood-burning fireplace that opens to a versatile 3-season room and a stunning yard. This home is packed with exceptional amenities, including oversized rooms, casement windows, a cedar closet, a walk-in pantry, abundant storage, a first-floor laundry room, a 4-year-old roof, new furnace, A/C, and a whole-house generator. The enormous basement features two crawl spaces and perma-sealed walls for added peace of mind and finish ability. The exterior of this all-brick home is equally impressive, with a concrete patio and a beautiful circular driveway, all set on a spectacular nearly half-acre lot.
Source: MRED #mrd12184894
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12184894
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12184894