852 Black Cherry Ln, Round Lake Heights, IL 60073
4 beds · 3 baths · 2,896 sqft
Beautifully updated 5-Bed/2.5-Bth home in Round Lake Heights! This home exudes curb appeal with a modern exterior and gorgeous landscaping. The stunning front door is a custom 4-inch thick door imported from Europe. The home also has a ton of smart features including smart light switches throughout, an EcoBee smart thermostat, a WiFi enabled garage motor plus a wired security camera ready with Cat6 wiring. The moment you enter the front door you're greeted by a bright and spacious living room/dining room combo with a gorgeous accent wall and new commercial grade LVP flooring (2024/2025) that flows throughout the entire home. Head on back to the kitchen with granite countertops, all SS appliances plus modern hardware & finishes. The kitchen flows seamlessly into the breakfast room that has sliders out to your back patio and then into the large family room with a wood-burning fireplace. Head upstairs to find your expansive Primary suite with vaulted ceilings, a walk-in closet and ensuite bath complete with double sinks, a whirlpool soaking tub and separate shower. You'll also find three additional bedrooms, a full bath and a huge loft space on the second level. The loft makes the perfect media room, play room or home office! The large basement is awaiting your finishing touches. It would make the perfect rec room or game room and also has the finished 5th bedroom. The perks of this home don't end here! Outside, enjoy your new 6ft privacy fence and huge backyard with a brick paver patio, shed AND a dog run with 2,000 sq ft of artificial turf! This home is really a dog owners dream! The home also backs to a nature preserve for added privacy and peaceful views. Attached 2.5 car garage with a WiFi enabled Jackshaft garage motor (whisper quiet and no overhead chain). Additional updates include a new water heater 2024, new HVAC 2021, new microwave & dishwasher 2024, new washer/dryer 2019 and new roof & windows in 2016. Close to parks, ponds, walking paths, restaurants, groceries and so much more plus located in Lake Villa school district! You truly can't beat this home or it's location. Schedule your tour today!
Source: MRED #12327540
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12327540
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.