155 E 211th St Euclid, OH 44123
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About this home
Welcome home to this gorgeous brick colonial nestled in a desirable lakefront community in Euclid! From the moment you arrive, you’ll be charmed by the timeless curb appeal, professional landscaping, and classic architecture that blend character with modern comfort! Step inside the inviting living room, filled with natural light and gleaming refinished hardwood floors that flow seamlessly into the formal dining room! Off the dining room, enjoy the enclosed rear patio — a cozy year-round retreat to sip morning coffee or relax! The updated kitchen features new tile flooring, sleek cabinets, new countertops, new stainless steel appliances including stove, fridge, dishwasher, and microwave, plus open shelving for a modern touch! Upstairs, three bedrooms, one of which opens to a rear balcony overlooking the fenced backyard — a perfect spot to unwind! The full bathroom has new tile, a freshly glazed tub, new vanity, mirror, and fixtures! The finished basement adds valuable living space with new LVP flooring, a fireplace on the rec side, glass block windows, laundry area, and an additional full bathroom! This is the perfect space for a rec room, playroom or additional living! Outside, enjoy a private fenced yard for entertaining, along with a two-car detached garage with updated sub panel and freshly painted door! Other major updates include a newer roof, brand new AC, updated lighting, and new fixtures throughout! Residents have the rare opportunity for membership to the private Edgecliff Club, granting exclusive access to a private beach along Lake Erie — perfect for swimming, relaxing by the water, boating, or simply enjoying the lakeside views! This lifestyle perk brings recreation and relaxation right to your doorstep! Live where convenience meets recreation! Explore Euclid’s lakefront trails, parks, shopping, and restaurants! This home offers the perfect mix of comfort, style, and lakeside living! Schedule your showing today to experience it for yourself!
Source: MLSNOW #5162386
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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.