7724 Dairy Ln, Village Of Lakewood, IL 60014
4 beds · 4 baths · 3,122 sqft sqft
Prepare to fall in love with this well-appointed home located in the highly sought-after Turnberry Subdivision! This exquisite custom home is a true gem, offering hardwood floors, a seamless floor plan, ample living space and an outdoor space perfect for the summer months ahead! The main level boasts a two story foyer, formal living room, separate dining room, cozy family room with cathedral ceilings and fireplace which lead to the beautiful, professionally landscaped backyard. Chef's will delight in the custom kitchen complete with honed granite countertops, stainless steal appliances including a 36" Viking Range, Bosch dishwasher, Viking Microwave and ULine beverage refrigerator. Additionally there is a custom kitchen island, custom cabinetry, breakfast area and wet bar leading into the formal dining room. Completing the first floor is a highly sought after home office, half bath and laundry room with exterior access. Upstairs, you will find the ultimate primary suite with a spacious spa bath that includes a glass door walk in shower and separate jacuzzi tub, two separate vanity sinks and heated floors! You will find three more bedrooms, each offering ample closet space and a full hall bathroom. The finished lower level provides an additional 1750 square feet of generous space for large gatherings complete with built-in custom bar and full lower level bath. There is also a large flex space that could be used as home gym or a fifth bedroom! The luxurious backyard showcases a large oversized brick paver patio and professionally landscaping, ideal for gatherings and the perfect place to unwind and enjoy! Three car side-loaded garage has plenty of room for extra storage. Gorgeous home located in award winning school district! The neighborhood is a gem! Close proximity to Turnberry Country Club Golf Course, parks, Crystal Lake Beach, Randall Road shopping and restaurants and the Metra Station. This home is simply stunning! Home is being sold As-Is. Home Warranty included.
Source: MRED #mrd12134020
Source: MRED #mrd12134020
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: #mrd12134020