4905 Arquilla Dr, Richton Park, IL 60471
3 beds · 3 baths · 2,091 sqft
Modern Lakeview Retreat with Backyard Serenity on Lake George! Experience the ultimate blend of modern luxury and peaceful lakeview living in this stunning split-level home on Lake George. Completely gut rehabbed in 2019, this remarkable property offers a thoughtfully designed open floor plan filled with natural light and captivating views, creating a space that feels both inviting and sophisticated. Bright & Airy Living Spaces Step inside to discover a space that feels expansive and welcoming, thanks to soaring vaulted ceilings and two beautiful skylights that illuminate every corner with warm, natural light. The living room, dining area, and kitchen are seamlessly connected, forming a perfect flow for everyday living and entertaining. At the heart of the home, the chef's kitchen is nothing short of spectacular, featuring: * Custom cabinetry with modern finishes that blend style and functionality * Granite countertops and a breakfast bar for casual dining and conversation * Stainless steel appliances that add a touch of elegance and efficiency * Sliding glass doors that lead to a roofed-over patio, perfect for grilling and outdoor relaxation Cozy & Inviting Family Room Just steps away, the spacious family room beckons with its charming brick fireplace-the perfect spot to curl up with a good book or host cozy movie nights with friends. Whether you're relaxing solo or gathering together, this space feels warm and inviting all year round. An exterior door leads directly to the backyard oasis, where your private lake and deck await. This picturesque setting, tucked at the rear of the property, is ideal for candlelit dinners on the deck by the water, morning coffee while soaking up the tranquility, or simply enjoying the serene lake views. Tranquil Bedrooms with Gorgeous Views Upstairs, discover three spacious bedrooms, including a primary suite that feels like a private retreat. Imagine waking up to a breathtaking view of the lake right from your bedroom window-a peaceful reminder of the natural beauty that surrounds you. The primary bath offers a touch of luxury with modern fixtures and thoughtful design, while the additional skylight in the upstairs bathroom fills the space with sunlight, making your daily routine feel a little more indulgent. Prime Location & Unmatched Convenience Perfectly situated just 0.4 miles from the elementary school and Klawitter Park, and only 1 block from the high school, this home is ideal for families. Commuting is a breeze with I-57 just 0.5 miles away and the Richton Park Metra station only 4 minutes away. Plus, enjoy easy access to shopping, dining, and entertainment along Sauk Trail and Route 30. Your Private Lakeview Oasis Awaits This one-of-a-kind property offers a rare combination of modern updates, abundant natural light, and serene outdoor living. Whether you're enjoying a romantic candlelight dinner on the lakeview deck, curling up with a good book next to the fireplace, or waking up to tranquil lake views from your primary bedroom, this home is designed to elevate your lifestyle. Don't miss your chance to own this breathtaking retreat-schedule your private tour today and experience the magic for yourself!
Source: MRED #12320477
Financials
Source: MRED #12320477
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.