1227 Ethel Ave Lakewood, OH 44107
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About this home
Prepare to be Moved! Welcome to 1227 Ethel Avenue, a beautifully updated 4-bedroom, 1.5-bathroom home nestled in the heart of Lakewood. Blending classic charm with meticulously chosen modern updates, this turnkey home offers both comfort and style. A rebuilt spacious covered front porch invites you in, leading to a bright and welcoming living room where newly installed luxury vinyl plank flooring sits on top of a rebuilt subfloor on the main level with custom lighting throughout. The living room flows effortlessly into the formal dining room, highlighted by elegant decorative molding and a charming classic window bench. Just off the dining area, you'll find a freshly renovated half bathroom for added convenience. The updated kitchen features Whirlpool stainless steel appliances, quartz countertops, and slow close cabinetry, along with direct access to the driveway (2025) and two-car detached garage w/ newly installed roof (2025). Upstairs, discover three bedrooms with recently installed carpeting, celling light fans (2025) and ample closet space in every room. The full bathroom has been tastefully updated and includes a freshly installed vanity, bathtub and glass shower door (2025). On the third floor, a grand chandelier welcomes you to the large primary bedroom with its own heating and cooling through a Split System (2025), newer carpeting and a custom-built spacious walk-in closet. The basement expands your living space and has been recently waterproofed w/ sump pump. Other big-ticket items recently installed inside include furnace, AC, electrical panel and most wiring and plumbing (2025). Outside, enjoy a newly poured concrete driveway and a well-maintained yard with fresh sod in the front and back. Located just minutes from Lakewood schools, the lake, scenic parks, shopping, and a variety of local restaurants, this home offers the best of Lakewood living. A perfect blend of timeless character and modern convenience—don’t miss your opportunity to make it yours!
Source: MLSNOW #5159691
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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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