5902 Mount Eagle Dr Apt 1615 # 1615, Alexandria, VA 22303
2 beds · 2 baths · 1,305 sqft
RECENTLY LISTED - MUST SEE! WELCOME HOME to 5902 MOUNT EAGLE DRIVE, UNIT #1615 at MONTEBELLO, -- the area's premier AWARD-WINNING luxury condominium! ***** IT'S ALL ABOUT THE VIEW! 16th/TOP-FLOOR PENTHOUSE UNIT WITH 180-DEGREE PANORAMIC VIEWS of DC, Old Town, and the Potomac, w/nighttime views and the fireworks being especially spectacular. •2-BEDROOMS/2-FULL BATHS w/GARAGE PARKING: One of Montebello's most desirable floor plans, noted for its large rooms and generous size closets. •MOVE-IN-READY/UPDATES AND IMPROVEMENTS: Features beautifully renovated kitchen and baths, upgraded wood flooring, doors, crown molding, lighting, HVAC, tastefully painted and more! •ENTRY FOYER: Beautiful floors greet you. Features exceptionally large coat closet. •LIVING ROOM: Extra spacious, plenty of wall space for optimal placement of sofa and entertainment center. •SUN/FLORIDA ROOM/SCREENED PORCH: This is ADDITIONAL SQUARE FOOTAGE/LIVING SPACE. HVAC vented, upgraded flooring and ceiling fan/light. Perfect for pets and plants. •DINING ROOM: Easily accommodates table for 6 or more and buffet and china cabinet. •KITCHEN: COMPLETELY RENOVATED! Features OPEN-KITCHEN CONCEPT to dining room, soft/self-closing Craftsman/Shaker cabinetry, upgraded countertops w/subway tile backsplash, undercabinet task lighting, and upgraded stainless-steel appliances. Very practical/functional layout, w/plenty of workspace, cabinets and countertops, including BONUS extra-wall of cabinets! •PRIMARY/MASTER BEDROOM WITH FULL BATH: Generous size room, plenty of space for optimal placement for king-size bed, furniture, and sitting area. Features mirrored dressing area, plus TWO LARGE WALK-IN CLOSETS with custom organizers. FULL BATH: COMPLETELY RENOVATED! Including upgraded vanity, lighting, tiled floors, and walk-in shower w/floor-to-ceiling tiled walls. •BEDROOM #2: Ideal for guests or home office. Exceptionally spacious w/large, mirrored double-closet. •FULL BATH #2: BEAUTIFULLY RENOVATED! Including upgraded vanity, tiled flooring, lighting and fixtures. Also features bathtub/shower combo. •LAUNDRY: Washer/dryer in unit. Plus, the building offers commercial washer/dryer for over-sized items. •HVAC AND UTILITIES: Upgraded Carrier brand HVAC in 2019 w/semi-annual inspection included in condo fee. Hot and cold water also included, electric billed separate w/Dominion Energy, and Verizon FIOS and Cox for internet, TV, and landline phone. •EXTRA-STORAGE: Large walk-in storage closet off hallway. PLUS, more storage in Building 5902, Level B1, Room 13. •PARKING: ***** GARAGE PARKING SPACE CONVEYS - A $35,000 ADDED VALUE! ***** (NOT all Montebello homes offer garage parking.) Building 5902, Level B1, #98. Plus, additional unassigned parking in parking lot. BONUS! Both your garage parking space AND storage room are on the same building level. VERY CONVENIENT! •METRO: Free shuttle included in condo fee, or just a 10-minute walk to Metro! •ABOUT MONTEBELLO: The area's premier "award-winning" luxury condominium! A multi-generational community of about 2300 residents within the larger Alexandria-Washington metropolitan area. For this diverse community, Montebello offers numerous amenities, activities, and clubs for many varied interests. MONTEBELLO IS AN EXCEPTIONAL VALUE. A gated community of 35 WOODED ACRES. Amenities include FREE SHUTTLE OR 10-MINUTE WALK TO METRO, including shuttle to major area shopping centers, EV charging stations, indoor/year-round salt-water swimming pool, outdoor swimming pool, fitness center, tennis courts, pickleball, basketball, walking/nature trails, picnic/grilling areas, playground, bowling alley, game room, hobby rooms, on-site restaurant/cafe bar, convenience store with dry-cleaning service, hair salon, and more! Beautiful grounds and common areas, pet-friendly with dog park, on-site management, engineering, housekeeping, and maintenance, and 24-hour gate and ground patrol. NEW MONTEBELLO COMMUNITY CENTER NOW OPEN!
Source: BRIGHT #VAFX2230410
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #VAFX2230410
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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