8731 Elm Dr, Des Plaines, IL 60016
4 beds · 4 baths · 3,360 sqft sqft
Welcome to this stunning and meticulously maintained home, where every detail excludes pride of ownership and elegance. Here is a closer look at what this exquisite residence has to offer. Step into a masterpiece of a kitchen featuring granite countertops, a new backsplash and all newer appliances. This modern kitchen is a chef's dream, offering both style and functionality.The spacious dining room seamlessly transitions from the kitchen providing a perfect space for family meals and entertaining guests. Its proximity to the family room enhances the flow of the living space. This home boasts 4 generously sized bedrooms, providing plenty of space for family members or guests to unwind and relax. Enjoy the luxury of 3.5 completely remodeled bathrooms, each showcasing meticulous attention to detail and stylish design. The large master bathroom is a true sanctuary, featuring a freestanding tub, a gorgeous shower and premium finishes that elevate the bathing experience. Oak hardwood floors throughout the home add warmth, character and timeless elegance to the interior. Most of the first floor rooms were freshly painted just recently. Attached two-car garage features and epoxy floor, providing both functionality and a touch of sophistication. Step outside to the beautiful 100X211 back yard, reminiscent of a park-like setting. The huge concrete patio offers space for summer enjoyment, whether it's hosting outdoor gatherings or simply relaxing in the sunshine. Situated near Golf & Milwaukee. This home enjoys proximity to a plethora of restaurants, stores and amenities. Whether you are dining out or running errands. Everything you need is just a stone's throw away. For commuters this location is a dream come true with nearby train access and easy access to the highway, ensuring convenient travel to work or leisure destinations. This home is more than just a residence. It is a testament to quality craftsmanship, thoughtful design and desirable location. From the beautifully updated interiors to the serene outdoor space. Every aspect of this home is designed to enhance your lifestyle. Don't miss the opportunity to make this stunning residence your own!!!
Source: MRED #mrd12039660
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12039660
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: #mrd12039660