127 E Grand Ave Fox Lake, IL 60020
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About this home
4 Bedroom * 3.5 Bath * Custom, Custom, CUSTOM! This isn't just a house, it's an experience. From the second you pull into the 6-CAR driveway, you know you're in for something special. Step inside and BOOM - the foyer greets you with a custom mudroom bench, sleek wall organizer, and tiled floors with a jaw-dropping inlay. Oh, and the oak staircase? Yeah, it curves dramatically with wrought iron balusters. (We told you this place has flair.) BUT WAIT. Right behind that staircase - a first-floor bedroom suite with its own full bath. Currently a home gym, but honestly... guest suite, in-law suite, or your own personal zen zone - you pick. Head upstairs and get ready for your jaw to drop: a chef's dream kitchen with walnut-finished 42" maple cabinets, gleaming granite counters, and more storage than you'll ever need. Center island with bar sink Wine cooler Coffee bar Breakfast bar Basically, this kitchen is ready for brunches, birthdays, and late-night pizza parties. And the flow? Wide open into the dining area and massive great room featuring a custom wood-accented Heatilator fireplace with full distressed wood backdrop. Total cabin-chic vibes. Slide open the doors and step out to your covered deck, overlooking a fully fenced yard with a fire pit hangout spot AND... wait for it... your very own axe-throwing station. Yes. Really. Inside, don't miss the laundry room and yet another custom half bath (are you noticing a theme?). Upstairs, the master suite is your retreat: oversized, wainscotted accent wall for a perfect headboard backdrop, dual vanities, and a full-body rain shower experience. Guest bedrooms? Spacious and each with their own unique wood wall accents that deserve their own Instagram posts. And the garage? Heated, loaded, and leading you to the ultimate man cave - complete with full-size fridge and rugged style. One of you gets the kitchen, the other gets the man cave. Fair trade, right? Location perks: Minutes to downtown Fox Lake with restaurants, theater, and the legendary Chain O' Lakes boating scene. Warning: This home causes serious FOMO. Don't walk... RUN. * Driveway is only slanted at the 1st 3rd of the drive - it is even with the garage at the top. Township plows/shovels that 3rd because it's a School Bus Route.
Source: MRED #12498168
Loan details
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.