705 Clark St, Marseilles, IL 61341
3 beds · 2 baths · 1,816 sqft sqft
Welcome to this charming 1929 home nestled on a spacious double lot, offering ample space and modern comforts. This delightful property features 3 bedrooms, 1.1 baths, a full unfinished basement, and a convenient 1.5 car garage. Step inside to discover the timeless character of this vintage home, with its classic architectural and lighting details and inviting ambiance. The main level boasts a cozy living space, perfect for relaxing or entertaining guests. The well-appointed kitchen provides both functionality and charm, with plenty of cabinet space and natural light. You'll find three comfortable bedrooms, each offering a peaceful retreat at the end of the day. A full bath and a convenient half bath provide added comfort and convenience for residents and guests alike. The full unfinished basement presents an excellent opportunity for expansion or additional storage, allowing you to customize the space to suit your needs. The walk-up attic offer a ton of additional storage space. Outside, the expansive double lot offers endless possibilities for outdoor enjoyment, from gardening to recreational activities. The 1.5 car garage provides convenient parking and storage space for vehicles and outdoor equipment. This home has been thoughtfully updated to enhance comfort and efficiency, with a new roof installed in 2021, an on-demand water heater added in 2017, and a modern HVAC system installed in 2019, whole house filtration system. Conveniently located near amenities, parks, and schools, this home offers the perfect blend of vintage charm and modern convenience. Don't miss your chance to make this charming property your own! Seller is not aware of any condition issues but is selling in as-is condition.
Source: MRED #mrd12052150
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12052150
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: #mrd12052150