1507 S Addison Ave Lombard, IL 60148
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About this home
Welcome to this stunning, sun-drenched two-story home, perfectly situated in a prime location. Featuring 4 spacious bedrooms and 3.1 beautifully updated bathrooms, this residence blends modern comfort with timeless style. Step inside to an expansive open floor plan with gleaming hardwood floors throughout the main level. The inviting living and dining rooms offer a warm and elegant atmosphere, highlighted by a cozy fireplace-perfect for relaxing or entertaining. The heart of the home is the custom-remodeled kitchen, a true showstopper with elegant quartz countertops and backsplash, top-of-the-line Thermador oven, and Bosch appliances-designed to inspire every home chef. Upstairs, retreat to the luxurious primary suite complete with a serene sitting area, custom closets, oversized walk-in closet, and a spa-like ensuite bathroom. Indulge in high-end Kalia fixtures, quartz countertops, porcelain tile flooring, a freestanding soaking tub, double vanities, and a glass-enclosed shower. A stylish second bathroom upstairs features frameless glass shower doors for an elevated touch. The main floor also offers a versatile fourth bedroom or home office with an adjacent marble-updated full bathroom-ideal for guests or remote work. The finished basement includes a half bath and offers the perfect space for recreation, a home gym, or a media room. You'll also enjoy the convenience of an updated laundry room with new tile flooring. Step outside to your private, fenced backyard oasis with a generous 27x32 brick paver patio-ideal for summer barbecues or peaceful mornings. The three-car attached garage features an electric door opener and a premium epoxy floor finish. Additional highlights include a newer privacy fence, a backup generator for peace of mind, fresh paint throughout (2023), a 5-year-old A/C unit, a 4-year-old roof, and a brand-new sump pump (2 years old). This is more than a home-it's a lifestyle. Don't miss the opportunity to make it yours.
Source: MRED #12432552
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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.