118 Cedar Ave Berlin, MD 21811
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About this home
Nestled in the heart of Small Town Berlin, Maryland —118 Cedar Ave is a beautifully updated, turnkey home that perfectly blends comfort, charm, and convenience. This spacious 4-bedroom, 3-bathroom residence offers 2,500 square feet of living space on a generous 0.42-acre corner lot. Built in 1954, the home has been thoughtfully maintained and enhanced to meet modern needs while preserving its timeless appeal. This stunning property has been meticulously updated with high-end features and thoughtful upgrades throughout. It boasts a new roof and a beautifully constructed front porch, along with durable fiber cement siding for long-lasting curb appeal. Inside, you’ll find all-new double-pane insulated windows fitted with elegant plantation shutters, and gleaming hardwood floors on the main level. The fully remodeled bathroom includes luxurious heated floors, while the renovated stairwell adds a stylish architectural touch. A brand-new A/C unit services the upstairs, complemented by a tankless water heater for energy efficiency and on-demand hot water. In the living room, a gas fireplace adds warmth and ambiance. The home also features a fully encapsulated crawl space, completed in 2023, ensuring a dry and well-insulated foundation. Outside, enjoy a paver walkway leading to the front entrance, fresh sod in the front and side yards with a full irrigation system, and a fenced-in backyard perfect for pets, kids, or outdoor gatherings. A versatile bonus room off the back door can serve as a playroom, gym, pet area, or even a second living space. For vehicle and hobby enthusiasts, there's an oversized attached two-car garage, plus a detached garage ideal for a workshop, gym, game room, or extra storage. With ample yard space, there’s even room to add a pool or fire pit, making this home perfect for both everyday living and entertaining. Truly, this property offers it all—comfort, style, space, and flexibility. Located just a few blocks from the historic downtown area, 118 Cedar Ave offers easy access to Berlin's vibrant community. Berlin's Main Street boasts over 60 retail shops, galleries, antique stores, and more than 15 dining establishments. The town is known for its tree-lined streets, Victorian architecture, and a strong sense of community. Berlin hosts nearly 50 events annually, including unique traditions like bathtub races and a fiddler’s convention, reflecting its rich cultural heritage. For nature enthusiasts, the nearby Assateague State Park offers opportunities to witness wild horses and enjoy pristine beaches. Situated just 10 miles from the beaches of Ocean City, Berlin provides the perfect balance between coastal relaxation and small-town charm. Whether you're exploring local art galleries, savoring farm-to-table cuisine, or attending one of the town's many festivals, Berlin offers a lifestyle that's both enriching and serene.
Source: BRIGHT #MDWO2031194
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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.
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