1 Bratenahl Pl Apt 502 Unit 502 Cleveland, OH 44108
Your savings
About this home
Welcome to this light and bright totally remodeled unit in the desirable condo of 1 Bratenahl Place! Offering a pampering and carefree lifestyle and situated in the quiet Village of Bratenahl, this 5th-floor unit has an abundance of natural light and spacious rooms. The entryway has parquet flooring and the entire unit was recently painted with a crisp neutral palette. New carpeting runs underfoot in the comfortable living room and dining room. The updated kitchen has LVT flooring, designer Danish HTH cabinetry, and stainless appliances including a new range. Two lovely bedrooms have generous closet space and two completely remodeled bathrooms, each with a heat lamp! The maintenance fee includes all utilities including cable/internet, concierge service, and a guarded entry gate. The building offers incredible amenities: a gourmet restaurant, beauty parlor, exercise room, outdoor pool, beautiful grounds, and walking trails, and Lake Erie views. Inside, the penthouse is available for rent for parties and larger gatherings and there are 3 short-term rental apartments for out-of-town family and friends. Don't miss out on this rare opportunity to enjoy a turnkey lifestyle! Green Energy. Taxes are current with 2024 assessment.
Source: MLSNOW #5061253
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.